Accel Frontline Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 04, 2008, inter alia, has discussed the operations of warranty management services division and its alignment with the Company's core business of IT Infrastructure management based on a report submitted by the committee of independent and non executive directors constituted by the Board. Based on the discussions, the Board has decided the following: 1. To hive off its Warranty Management Services Division and merge it with its wholly owned subsidiary Company Accel Frontline Services Pvt. Ltd (AFSPL). 2. To sell AFSPL as Management buy Out MBO) to the Management Team of WMS division and Accel Ltd, one of the promoter shareholders for values as determined by independent values appointed by the Independent Committee of Board of Directors. 3. Appropriate consent will be obtained from the shareholders.