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29 announcements match the current filters (relevance ≥ 5).
SAB Events Clears All Dues Under NCLT-Approved Resolution Plan
SAB Events & Governance Now Media has fulfilled all payment obligations toward unpaid PPIRP costs, financial creditors, and operational creditors within the timelines approved by the NCLT. This follows the Hon'ble NCLT Order dated July 10, 2026, approving the resolution plan under Sections 54K(12), 54L, and 31 of the IBC. The payments were conducted under the oversight of the Monitoring Committee, marking the successful implementation of its resolution plan. Specific settlement payout amounts were not disclosed in the filing.
Confidence: HIGH
What changedThe company has fully executed its payment obligations to financial and operational creditors under the NCLT-approved Pre-Packaged Insolvency Resolution Process (PPIRP).
Why it mattersSuccessful completion of these payments lifts insolvency-related overhangs and clears outstanding liabilities, providing operational stability to the distressed media business.
NCLT approval date: July 10, 2026Filing date: October 05, 2026Total settlement amount: not disclosed
📅 Short termRemoves immediate insolvency risk, allowing management to refocus resources toward normal business operations and digital content monetization.
📈 Long termCleans the company's balance sheet, though sustainable long-term revival depends on reversing operational net losses and scaling up the core TTM revenue base of Rs 2 Cr.
⚠ Risk flags
- Negative net worth (Rs -2 Cr) and persistent quarterly operating losses
- Lack of disclosure regarding exact haircut or cash outflow amounts paid to creditors
Key Highlights
Full clearance of all unpaid PPIRP costs, financial creditors, and operational creditors completed
Payments executed per timelines stipulated in the NCLT Order dated July 10, 2026
Resolution executed under IBC Sections 54K(12) and 54L read with Section 31
Total payout amounts for creditor settlements were not disclosed in the filing
👀 What to Watch
Track subsequent filings for the formal conclusion/dissolution of the Monitoring Committee and review upcoming quarterly financials to observe post-resolution debt levels and balance sheet health.
SAB Events Approves Rs 32.6 Cr Preferential Issue & Merger Under NCLT Resolution Plan
SAB Events & Governance Now Media approved multiple security issuances to execute its NCLT-approved Pre-Packaged Insolvency Resolution Plan (order dated July 10, 2026). The company will issue 85 lakh equity shares at Rs 22.50 per share (Rs 19.125 crore) and 60 lakh convertible warrants at Rs 22.50 each (Rs 13.50 crore), raising a total of Rs 32.625 crore. Additionally, 1.10 crore equity shares will be issued to shareholders of Sri Adhikari Brothers Digital Network Pvt Ltd under a merger scheme (ratio of 436:100). The total fundraise of Rs 32.625 crore represents ~23.3% of the company's Rs 140 crore market cap and massively exceeds its TTM revenue of Rs 2 crore.
Confidence: HIGH
What changedImplementation of the NCLT-approved insolvency resolution plan involving a Rs 32.625 crore equity/warrant capital infusion and an amalgamation with Sri Adhikari Brothers Digital Network.
Why it mattersThe company has negative net worth (-Rs 2 Cr) and modest annual revenue (~Rs 2.4 Cr); this restructuring injects much-needed liquidity, restructures balance sheet debt, and fundamentally expands equity base.
Total fundraise value: Rs 32.625 crFundraise vs Market Cap: ~23.3%Preferential equity issue price: Rs 22.50 per shareEquity shares to be issued via merger: 1,10,34,070 sharesShare exchange ratio: 436 shares for every 100 shares
📅 Short termStock may react to the massive equity base expansion at Rs 22.50 per share compared to recent trading prices, though implementation signals emergence from insolvency.
📈 Long termPost-restructuring operations, combined digital assets from the merger, and a de-stressed balance sheet could reshape the company's operating profile if business monetization improves.
⚠ Risk flags
- Severe equity dilution from issuance of over 2.55 crore new equity shares and warrants
- Issue price of Rs 22.50 is at a deep discount to the prevailing market price of Rs 132.6
- Execution risk related to successfully turnaround digital operations post-merger
Key Highlights
Preferential allotment of 85,00,000 equity shares at Rs 22.50 per share (face value Rs 10 + premium Rs 12.50), aggregating to Rs 19.125 crore
Issuance of 60,00,000 convertible warrants at Rs 22.50 each (aggregating Rs 13.50 crore) with 25% upfront and balance within 18 months
Allotment of 1,10,34,070 equity shares for the merger of Sri Adhikari Brothers Digital Network Pvt Ltd at a 436:100 share swap ratio
Promoter entity Sri Adhikari Brothers Assets Holdings Pvt Ltd allotted 12,00,000 equity shares (6.03% post-allotment holding)
👀 What to Watch
Track the receipt of remaining regulatory and shareholder approvals, alongside the infusion timeline of warrant funds and post-merger integration of Sri Adhikari Brothers Digital Network.
SAB Events Approves Rs 32.6 Cr Fundraise & Merger Under NCLT Resolution Plan
Pursuant to an NCLT-approved Resolution Plan under the Pre-Packaged Insolvency Resolution Process (PPIRP), the Board approved multiple capital restructuring actions. The company will issue 85 lakh equity shares at Rs 22.50 each to raise Rs 19.125 crore, alongside 60 lakh convertible warrants at Rs 22.50 each to raise up to Rs 13.5 crore. Furthermore, 1,10,34,070 equity shares will be issued to shareholders of Sri Adhikari Brothers Digital Network Private Limited as part of an amalgamation. The total fresh capital to be infused (Rs 32.625 crore) dwarfs current TTM revenue of Rs 2 crore, substantially diluting current shareholders while addressing legacy insolvency issues.
Confidence: HIGH
What changedImplementation of an NCLT-approved Resolution Plan involving Rs 32.625 crore of equity/warrants fundraise and amalgamation with Sri Adhikari Brothers Digital Network Pvt Ltd.
Why it mattersThe company has negative net worth (-Rs 2 Cr) and TTM revenue of just Rs 2 Cr; this resolution restructures ownership, injects critical liquidity, but causes massive equity dilution at a deeply discounted price (Rs 22.50 vs CMP Rs 132.60).
Preferential Equity Issue Size: Rs. 19,12,50,000Warrants Issue Size: Rs. 13,50,00,000Issue Price per Share/Warrant: Rs. 22.50Amalgamation Shares to be Issued: 1,10,34,070Total Proposed Fundraise vs TTM Revenue: ~1631%
📅 Short termMarket may react sharply to the extreme equity dilution and the wide gap between the Rs 22.50 issue price and recent trading levels (~Rs 132.60).
📈 Long termIf successfully executed, the insolvency exit and capital infusion could repair the negative net worth and allow business scale-up through the merged digital business.
⚠ Risk flags
- Severe equity dilution for existing public shareholders
- Preferential allotment price is at a significant discount to current market price
- Execution and business turnaround risk post-insolvency
Key Highlights
Approved preferential issue of 85,00,000 equity shares at Rs 22.50 per share to raise Rs 19.13 crore
Approved issuance of 60,00,000 convertible warrants at Rs 22.50 each to raise up to Rs 13.50 crore
Issue of 1,10,34,070 equity shares pursuant to merger with Sri Adhikari Brothers Digital Network Pvt Ltd (swap ratio: 436 for every 100 shares)
Issue price of Rs 22.50 reflects a face value of Rs 10 and a premium of Rs 12.50, far below the current market price of Rs 132.60
Actions implement the NCLT Mumbai order dated July 10, 2026 under IBC Section 54L read with Section 31
👀 What to Watch
Track the execution timeline for warrant subscription payments (25% upfront, 75% within 18 months) and the operational integration of the merged digital network entity.
SAB Events Approves Rs 32.6 Cr Fundraise & Merger Equity via NCLT Resolution Plan
SAB Events' Board has approved massive equity and warrant issuances to implement its NCLT-approved Pre-Packaged Insolvency Resolution Plan. The company is raising Rs 19.13 crore via 85 lakh equity shares and Rs 13.50 crore via 60 lakh convertible warrants, all priced at Rs 22.50 per share (a sharp discount to the market price of Rs 132.6). Additionally, 1.10 crore equity shares will be issued for the merger of Sri Adhikari Brothers Digital Network Private Limited. The combined equity infusion will drastically dilute existing public equity while recapitalizing the firm against its negative net worth of Rs -2 crore.
Confidence: HIGH
What changedImplementation of NCLT-approved Resolution Plan dated July 10, 2026, comprising a Rs 32.63 Cr total fundraise (shares + warrants) and merger of a group digital entity.
Why it mattersRescues the debt-laden company out of insolvency and cures negative net worth (Rs -2 Cr), but causes severe dilution as total share count expands significantly at Rs 22.50 per share.
Preferential Equity Issue Value: Rs 19.13 CrConvertible Warrants Value: Rs 13.50 CrIssue Price per Share/Warrant: Rs 22.50Shares Issued for Merger: 1,10,34,070Swap Ratio (Digital Network : SAB Events): 436 shares for every 100 shares
📅 Short termMarket may react sharply to the extreme equity dilution and the wide gap between the Rs 22.50 issue price and the Rs 132.6 market price.
📈 Long termBrings the company out of insolvency with fresh capital and brings digital network assets under the listed umbrella, though operational turnaround remains critical given TTM revenue of just Rs 2 Cr.
⚠ Risk flags
- Massive equity dilution at a steep discount to prevailing market price
- Substantial warrant overhang (60 lakh warrants)
- Execution risk in integrating the merged digital media business
Key Highlights
Approved issuance of 85,00,000 equity shares at Rs 22.50 each, raising Rs 19.13 crore across promoter and public strategic investors
Issuance of 60,00,000 convertible warrants at Rs 22.50 each to public investors, raising Rs 13.50 crore (25% upfront)
Issuance of 1,10,34,070 equity shares under the Scheme of Amalgamation of Sri Adhikari Brothers Digital Network Pvt Ltd at a 436:100 swap ratio
Post-allotment of equity shares, promoters will hold 61.43% across entities including Sri Tirupati Balaji and Sri Mahakaal family trusts
New equity issuance price of Rs 22.50 is significantly lower than current market price of Rs 132.6
👀 What to Watch
Track the regulatory listing approvals for the newly issued shares and warrants, and watch for subsequent filings detailing the financial consolidation of the merged digital network entity.
SAB Events Boards Meets Sept 18 for Preferential Issue & 436:100 Merger Share Swap
SAB Events & Governance Now Media has scheduled a board meeting on September 18, 2026, pursuant to an NCLT-approved Resolution Plan dated July 10, 2026. The board will consider raising funds through a preferential issue of equity shares and convertible warrants. Additionally, it will consider issuing shares for the merger of Sri Adhikari Brothers Digital Network Private Limited into the company at a swap ratio of 436 shares of SAB Events for every 100 shares held in the transferor company. The trading window has been closed effective September 15, 2026.
Confidence: HIGH
What changedThe company called a board meeting to approve capital restructuring steps, including a preferential issue and merger issuance, following an NCLT Resolution Plan order.
Why it mattersThe proposed share swap (436:100) and warrant/equity issuance will alter the company's capital structure, equity base, and shareholding pattern significantly.
Swap ratio (SAB Events to Transferor): 436 shares for every 100 sharesBoard meeting date: September 18, 2026NCLT order date: July 10, 2026Certified copy received date: July 21, 2026
📅 Short termMarket attention will be on the board outcome on September 18, 2026, regarding fundraise pricing and aggregate dilution details.
📈 Long termThe structural integration with Sri Adhikari Brothers Digital Network and the resolution plan implementation will redefine the entity's balance sheet and core media operations.
⚠ Risk flags
- Substantial equity dilution from both the preferential issuance and the 436:100 merger swap
- Integration risks associated with the implementation of the IBC Resolution Plan
Key Highlights
Board meeting scheduled for September 18, 2026 to execute NCLT Resolution Plan approved on July 10, 2026
Preferential issue proposed for equity shares and convertible warrants
Merger swap ratio fixed at 436 equity shares of SAB Events for every 100 equity shares of Sri Adhikari Brothers Digital Network Private Limited
Trading window closed starting September 15, 2026 until 48 hours post-board meeting
👀 What to Watch
Track the outcome of the September 18, 2026 board meeting for exact issue pricing, dilution quantum, and specific terms of the preferential issuance and merger.
ROC Approves Merger Under Resolution Plan; Swap Ratio Set at 436:100
SAB Events & Governance Now Media has announced that the Registrar of Companies (Mumbai-I) approved Form INC-28 for the merger of Sri Adhikari Brothers Digital Network Private Limited into the company. This action follows the NCLT-approved Resolution Plan dated July 10, 2026, under the Pre-Packaged Insolvency Resolution Process (PPIRP). As per the scheme, shareholders of the transferor company will receive 436 equity shares of SAB Events for every 100 equity shares held. This equity issuance will materially alter the company's existing equity base and shareholder structure.
Confidence: HIGH
What changedROC Mumbai-I has officially registered the merger order, initiating the share swap process under the NCLT-approved resolution plan.
Why it mattersThe merger will bring new digital assets into SAB Events but will also result in significant equity expansion and potential dilution on a micro-cap base (market cap Rs 140 Cr, TTM revenue Rs 2 Cr).
Share swap ratio: 436:100NCLT approval date: July 10, 2026Current Net Worth: Rs -2 CrTTM Revenue: Rs 2 Cr
📅 Short termExpect market focus on the quantum of shares to be allotted and the resultant equity dilution once the allotment details and record date are finalized.
📈 Long termMay consolidate digital media operations under SAB Events, which could help restructure operations following the negative net worth and PPIRP process.
⚠ Risk flags
- Severe equity dilution risk depending on the capital base of the unlisted transferor company
- Company currently operates with negative net worth (Rs -2 Cr) and TTM net losses
- Integration and execution risk under the insolvency resolution framework
Key Highlights
ROC Mumbai-I approved Form INC-28 implementing the NCLT order dated July 10, 2026
Share exchange ratio set at 436 equity shares of SAB Events for every 100 shares of the transferor entity
Sri Adhikari Brothers Digital Network Private Limited to be merged into the company
Transaction forms part of the Pre-Packaged Insolvency Resolution Process (PPIRP)
👀 What to Watch
Track the record date and the total number of new equity shares to be issued, which will determine the exact equity dilution and promoter shareholding changes post-merger.
SABEVENTS Q1 Loss at ₹18.85 Lakhs; NCLT Approves Resolution Plan
SABEVENTS reported a net loss of ₹18.85 Lakhs for Q1 FY27 on revenue of ₹45.37 Lakhs, a slight improvement from the ₹40.68 Lakhs revenue in Q1 FY26. The company is in a critical financial state with a negative net worth of ₹2.60 Cr and current liabilities exceeding current assets by 4.04 times. A major development is the NCLT Mumbai Bench's approval of the Resolution Plan on July 10, 2026, under the Pre-Packaged Insolvency Resolution Process (PPIRP). However, auditors have issued a qualified opinion regarding ₹2.54 Cr in unaccounted interest on unsecured loans, which would further depress equity if recognized.
Confidence: HIGH
What changedThe company has transitioned from the proposal stage of insolvency to having an NCLT-approved resolution plan, though implementation is still in progress.
Why it mattersThe company is technically insolvent; the approved resolution plan is the only mechanism currently available to restructure its debt and potentially save the business from liquidation.
Revenue (Q1 FY27): ₹45.37 LakhsNet Loss (Q1 FY27): ₹18.85 LakhsNegative Total Equity: ₹260.18 LakhsUnaccounted Interest vs TTM Revenue: ~127%Current Liability Ratio: 4.04x
📅 Short termThe stock may remain volatile as the market reacts to the NCLT approval versus the severe auditor qualifications regarding unrecorded debt.
📈 Long termThe long-term survival depends entirely on the successful execution of the resolution plan and the company's ability to monetize its digital media content in a highly competitive landscape.
⚠ Risk flags
- Insolvency proceedings (PPIRP)
- Negative net worth
- Auditor qualification on unrecorded interest
- Going concern uncertainty
Key Highlights
NCLT Mumbai Bench approved the Resolution Plan on July 10, 2026, initiating capital restructuring.
Current liabilities are 4.04 times current assets, leading to a 'Going Concern' warning from auditors.
Auditors flagged ₹253.76 Lakhs in unrecorded interest expenses, which understates current liabilities.
Total Equity stands at negative ₹260.18 Lakhs as of June 30, 2026.
Quarterly revenue of ₹45.37 Lakhs represents approximately 22% of TTM revenue (₹2 Cr).
👀 What to Watch
Investors should closely monitor the specific terms of the capital restructuring and reduction mentioned in the resolution plan. The primary focus should be on whether the company can settle the ₹2.54 Cr interest discrepancy and improve its operating cash flows to service remaining debt.
SABEVENTS to Seek AGM Extension and Avail Loan Under NCLT Resolution Plan
SABEVENTS is currently implementing an NCLT-approved Resolution Plan following an order dated July 10, 2026. The board has approved seeking an extension for the 13th Annual General Meeting (AGM) due to technical delays in capital reduction and the activation of a new ISIN. Additionally, the company will avail an inter-corporate loan from the Resolution Applicant to support operations. Given the company's negative net worth of ₹-2 Cr and micro-cap status of ₹7 Cr, these restructuring steps are critical for its survival.
Confidence: HIGH
What changedThe company has moved into the implementation phase of its insolvency resolution plan, necessitating a delay in its AGM and the procurement of new debt from the resolution applicant.
Why it mattersFor a company in a Pre-Packaged Insolvency Resolution Process (PPIRP) with negative net worth, these actions represent the formal path toward restructuring its ₹2 Cr debt and attempting a business turnaround.
NCLT Order Date: July 10, 2026Net Worth: ₹-2 CrMarket Cap: ₹7 CrTTM Revenue: ₹2 CrDebt: ₹2 Cr
📅 Short termThe stock may face volatility or trading suspensions as the capital reduction process involves freezing the current ISIN and adjusting the share capital.
📈 Long termThe long-term viability depends entirely on the Resolution Applicant's ability to monetize digital content and seminars effectively, as the company has struggled with consistent losses.
⚠ Risk flags
- Significant equity dilution/haircut due to capital reduction
- Negative net worth
- Ongoing insolvency resolution process
- High promoter dependency
Key Highlights
NCLT Mumbai Bench approved the Resolution Plan via an order dated July 10, 2026
Company is undergoing capital reduction which requires freezing the existing ISIN and issuing a new one
Board approved seeking an extension from the Registrar of Companies (ROC) for the 13th AGM
Approval granted to avail an Inter-Corporate Loan from the Resolution Applicant as permitted by the NCLT
Company reported a negative net worth of ₹-2 Cr and TTM revenue of only ₹2 Cr
👀 What to Watch
Investors should closely monitor the specific ratio of capital reduction, as this typically involves a significant haircut for existing equity shareholders. Watch for the announcement of the 'Record Date' for capital reduction and the terms of the new loan.
95% Public Share Reduction and 100% Promoter Exit; Record Date Aug 5, 2026
SAB Events & Governance Now Media is implementing an NCLT-approved Resolution Plan following its insolvency process. The plan mandates a 100% cancellation of all promoter-held equity and a severe 95% reduction in public shareholding, where every 100 shares will be reduced to 5 shares. The record date for this capital restructuring is August 5, 2026. This follows the company's financial distress, characterized by a negative net worth of ₹2 Cr and TTM revenue of just ₹2 Cr.
Confidence: HIGH
What changedThe company is transitioning from insolvency proceedings to the active implementation of its court-approved debt resolution plan.
Why it mattersThis is a survival-level restructuring; while it potentially saves the company from liquidation, it results in a near-total loss of equity value for existing shareholders.
Public Reduction Ratio: 100:5Promoter Extinguishment: 100%Record Date: August 5, 2026Net Worth: ₹-2 CrTTM Revenue: ₹2 Cr
📅 Short termThe stock is likely to face extreme volatility and downward pressure as the market prices in the 95% reduction in public equity.
📈 Long termThe company's long-term viability depends entirely on the new management's ability to turn around a business that has been consistently loss-making with minimal revenue.
⚠ Risk flags
- Massive equity dilution
- Insolvency resolution implementation
- Negative net worth
- Extremely low revenue base
Key Highlights
Public shareholding to be reduced in a ratio of 100:5, effectively a 95% wipe-out of existing share volume
100% of existing equity shares held by the Promoters will be cancelled and extinguished
Record date for the capital reduction and extinguishment is fixed for August 5, 2026
Action follows the NCLT Mumbai Bench-I order dated July 10, 2026, under the Insolvency and Bankruptcy Code
Company currently operates with a negative net worth of ₹2 Cr and a high Debt/Equity ratio of -0.83
👀 What to Watch
Investors must be aware that their shareholding will shrink by 95% after the August 5 record date. Watch for the subsequent relisting of the reduced capital and any disclosures regarding the new controlling entity post-resolution.
95% Capital Reduction for Public Shareholders; Promoter Shares Cancelled
SAB Events & Governance Now Media is implementing an NCLT-approved Resolution Plan following its insolvency process. The plan involves the total extinguishment (100% cancellation) of all existing promoter equity. Public shareholders will face a 95% reduction in their holdings, receiving only 5 shares for every 100 shares currently held. This drastic restructuring follows a period of financial distress where the company reported a negative net worth of Rs -2 Cr and TTM revenue of just Rs 2 Cr.
Confidence: HIGH
What changedThe company is executing a court-mandated capital wipe-out for promoters and a massive 95% equity reduction for public shareholders as part of its insolvency resolution.
Why it mattersThis is a survival measure to reset the balance sheet of a company with negative net worth, but it results in a near-total loss of equity value for existing shareholders.
Public Reduction Ratio: 100:5Promoter Cancellation: 100%Record Date: August 5, 2026Net Worth: Rs -2 CrTTM Revenue: Rs 2 Cr
📅 Short termExpect extreme volatility and downward price adjustment as the market factors in the 95% reduction in share count and the total exit of current promoters.
📈 Long termWhile the balance sheet may be 'cleaned' post-restructuring, the company's small revenue base (Rs 2 Cr) and history of losses make its long-term viability highly uncertain.
⚠ Risk flags
- 95% equity dilution/reduction for public
- Total loss for existing promoters
- History of insolvency (PPIRP)
- Negative net worth
Key Highlights
NCLT Mumbai Bench-I approved the Resolution Plan via order dated July 10, 2026
100% of existing Promoter equity shares will be cancelled and extinguished
Public shareholding to be reduced in a 100:5 ratio (95% reduction)
Record date for the capital reduction is fixed for August 5, 2026
Restructuring addresses a negative net worth of Rs -2 Cr against a small market cap of Rs 8 Cr
👀 What to Watch
Investors should be aware that their shareholding will shrink by 95% after the August 5, 2026 record date. Monitor the exchange for potential trading suspensions or price adjustments related to this capital reduction process.
NCLT Approves Resolution Plan; Monitoring Committee Formed for SAB Events
The NCLT Mumbai Bench has approved the Resolution Plan for SAB Events under the Pre-packaged Insolvency Resolution Process (PPIRP). Following the order dated July 10, 2026, a Monitoring Committee was officially constituted on July 22, 2026, to oversee the plan's implementation. This is a critical development for the company, which currently operates with a negative net worth of Rs -2 Cr and a debt of Rs 2 Cr. While the approval provides a path for survival, the specific terms regarding debt haircuts or equity dilution for retail shareholders are yet to be fully detailed.
Confidence: HIGH
What changedThe company has moved from an active insolvency resolution process to the implementation phase of an NCLT-approved restructuring plan.
Why it mattersThis is the primary mechanism for the company to address its insolvency status and negative net worth (Rs -2 Cr), which is significant given its small TTM revenue of Rs 2 Cr.
NCLT Order Date: July 10, 2026Committee Effective Date: July 22, 2026Net Worth: Rs -2 CrDebt: Rs 2 CrTTM Revenue: Rs 2 Cr
📅 Short termThe stock may see volatility as the market processes the formalization of the monitoring committee and the transition out of insolvency.
📈 Long termLong-term viability depends entirely on the successful execution of the resolution plan and the company's ability to generate positive cash flow from its digital media and seminar business.
⚠ Risk flags
- Potential equity dilution
- Execution risk of the resolution plan
- Negative net worth
Key Highlights
Resolution Plan approved by NCLT Mumbai Bench-I via order dated July 10, 2026.
Monitoring Committee formally constituted effective July 22, 2026, to supervise implementation.
Certified copy of the NCLT order was received by the company on July 21, 2026.
The process is governed under Chapter III-A of the Insolvency and Bankruptcy Code, 2016.
👀 What to Watch
Investors should closely monitor upcoming disclosures for the specific terms of the Resolution Plan, specifically looking for any capital reduction or equity dilution that may impact existing shareholders.
NCLT Approves Resolution Plan for SAB Events; Includes Amalgamation with SABDNPL
The NCLT Mumbai Bench has approved the Resolution Plan for SAB Events & Governance Now Media Limited under the Pre-Packaged Insolvency Resolution Process (PPIRP). The plan, which received 100% approval from the Committee of Creditors (CoC) on February 6, 2026, involves a consortium of Sri Adhikari Brothers group entities. A key component is the amalgamation of Sri Adhikari Brothers Digital Network Private Limited (SABDNPL) into the company to create an integrated entity. This resolution addresses a severe liquidity crunch where current liabilities were 4.70 times current assets as of March 31, 2025.
Confidence: HIGH
What changedThe company has transitioned from an active insolvency process to an approved resolution phase following the receipt of the certified NCLT order.
Why it mattersThis approval prevents potential liquidation and provides a structured path for financial revival and operational synergy through a merger with a group entity, addressing the company's negative net worth of Rs -2 Cr.
CoC Approval Voting Share: 100%Current Liabilities to Assets Ratio: 4.70xPaid-up Equity Capital: Rs 10.48 CrMarket Cap vs Paid-up Capital: ~76%TTM Revenue: Rs 2 Cr
📅 Short termThe receipt of the certified order removes immediate insolvency uncertainty, which may lead to positive sentiment in the short term as the moratorium ceases.
📈 Long termThe long-term viability depends on the successful integration of the merged entity and the ability of the Sri Adhikari Brothers group to restore revenue generation in the digital media and MICE segments.
⚠ Risk flags
- Potential equity dilution for existing shareholders
- Execution risk of the amalgamation process
- Historical financial distress and negative net worth
Key Highlights
Resolution Plan approved by 100% majority in the 4th CoC meeting held on February 6, 2026
Current liabilities exceeded current assets by 4.70 times as of March 31, 2025, leading to the PPIRP filing
Paid-up equity share capital stands at Rs 10.48 Cr against an authorized capital of Rs 32 Cr
The plan includes a Scheme of Amalgamation between SABDNPL and the company as an integral part of the revival
The PPIRP application was originally filed on October 17, 2025, and admitted on November 4, 2025
👀 What to Watch
Investors should monitor the specific terms of the amalgamation and any potential equity restructuring or dilution that may occur during implementation. The next key step is the filing of the amended Memorandum and Articles of Association with the Registrar of Companies.
Rs 32.6 Cr Resolution Plan Approved by NCLT for SAB Events; Includes Merger and Debt Settlement
The NCLT Mumbai Bench has approved a Resolution Plan for SAB Events & Governance Now Media Limited under the Pre-Packaged Insolvency Resolution Process (PPIRP). The plan involves a total fund infusion of Rs 32.625 Cr, which is over 16 times the company's TTM revenue of Rs 2 Cr. This includes a debt settlement of Rs 4.53 Cr and a merger with Sri Adhikari Brothers Digital Network Private Limited. Post-implementation, the promoter stake will increase significantly from 26.43% to 47.16%, aiming to revive the company from its current negative net worth of Rs -2 Cr.
Confidence: HIGH
What changedThe company has transitioned from a state of insolvency to an NCLT-approved revival path, securing a massive capital infusion and a merger partner.
Why it mattersThis is a survival event for the company; the capital infusion is 16x its annual revenue and addresses its negative net worth and liquidity crunch caused by the pandemic.
Total Fund Infusion: Rs 32.625 CrInfusion vs TTM Revenue: 1631%Debt Settlement Amount: Rs 4.53 CrIssue Price per Share: Rs 22.50Post-Resolution Promoter Stake: 47.16%
📅 Short termThe stock is likely to see positive sentiment as the risk of liquidation is removed and a clear path for debt settlement is established.
📈 Long termThe long-term success depends on the operational integration of the merged digital network and the company's ability to scale its 'Governance Now' brand in a competitive digital media landscape.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk of the merger
- Significant equity dilution from warrants
- Reliance on external strategic investors for 91% of the total infusion
Key Highlights
Rs 32.625 Cr total capital infusion approved via equity and convertible warrants at Rs 22.50 per share
Rs 4.53 Cr allocated for settlement of financial debt, operational creditors, and PPIRP costs
100% majority approval from the Committee of Creditors (CoC) for the resolution plan
Promoter holding to increase to 47.16% from 26.43% post-capital reduction and infusion
Amalgamation of Sri Adhikari Brothers Digital Network Private Limited into the company as part of the revival
👀 What to Watch
Watch for the implementation timeline of the capital reduction and the subsequent merger with the digital network entity. Investors should monitor the actual receipt of Rs 29.92 Cr from strategic and financial investors as per the plan.
₹2 Cr Debt: NCLT Approves Resolution Plan for SAB Events under PPIRP
The NCLT Mumbai Bench has orally approved the Resolution Plan for SAB Events & Governance Now Media Limited on July 10, 2026. This approval under Section 54L of the IBC follows the company's Pre-Packaged Insolvency Resolution Process (PPIRP). With a negative net worth of ₹2 Cr and TTM revenue of ₹2 Cr, the company is at a critical juncture. Investors must wait for the written order to understand the specific restructuring terms and potential equity dilution.
Confidence: HIGH
What changedThe company has moved from an active insolvency resolution process to having an orally approved resolution plan from the NCLT.
Why it mattersThis is a survival-level event for the company, as the resolution plan will determine how its ₹2 Cr debt and negative net worth are addressed.
Total Debt: ₹2 CrNet Worth: -₹2 CrTTM Revenue: ₹2 CrDebt vs TTM Revenue: 100%
📅 Short termThe stock may see volatile movements as the market digests the approval, pending the specific details of the written order.
📈 Long termThe long-term viability depends on whether the resolution plan provides enough capital and debt relief to turn around the digital media business.
⚠ Risk flags
- Equity dilution
- Negative net worth
- Execution of resolution plan
Key Highlights
NCLT Mumbai Bench orally pronounced the approval order on July 10, 2026.
The company operates with a debt of ₹2 Cr and a negative net worth of ₹2 Cr.
TTM revenue is ₹2 Cr, representing a 1:1 ratio with its total debt.
The resolution plan was approved under the Insolvency and Bankruptcy Board of India (PPIRP) Regulations, 2021.
👀 What to Watch
Watch for the publication of the detailed written order to evaluate the haircut for creditors and the resulting capital structure for equity shareholders.
SAB Events Reports FY25 Net Loss of ₹73.81 Lakhs; Auditors Raise Going Concern Doubts
SAB Events & Governance Now Media Limited reported a net loss of ₹73.81 Lakhs for FY25, with auditors issuing a qualified opinion due to unprovided interest of ₹23.93 Lakhs. The company's financial health is critical, with total equity standing at negative ₹199.26 Lakhs and current liabilities exceeding current assets by over 5 times. Most significantly, the statutory auditors have flagged a material uncertainty regarding the company's ability to continue as a going concern due to its inability to service debt obligations.
Key Highlights
Net loss for FY25 narrowed to ₹73.81 Lakhs from ₹106.12 Lakhs in FY24
Current liabilities of ₹288.35 Lakhs are 5.03 times the current assets of ₹57.31 Lakhs
Auditors flagged ₹23.93 Lakhs in unprovided interest expenses, understating reported losses
Total equity has eroded to negative ₹199.26 Lakhs as of March 31, 2025
Auditors issued a formal warning regarding the company's status as a going concern
👀 What to Watch
Investors should exercise extreme caution as the company faces severe liquidity issues, negative net worth, and a formal going concern warning from auditors. The risk of total capital loss is high given the inability to service debt and the qualified audit report.
SABEVENTS FY26 Net Loss Narrows to ₹42.07 Lakhs; Company Files for Insolvency (PPIRP)
SAB Events & Governance Now Media reported a narrowed net loss of ₹42.07 Lakhs for FY26 compared to ₹73.61 Lakhs in FY25, supported by a 40% increase in revenue to ₹243.12 Lakhs. Despite the operational improvement, the company's financial position remains critical with a negative total equity of ₹241.33 Lakhs and current liabilities exceeding current assets by 3.78 times. Most significantly, the company has filed for Pre-Packaged Insolvency Resolution Process (PPIRP) under the IBC, and auditors have issued a qualified opinion regarding ₹253.76 Lakhs in unrecorded interest liabilities.
Key Highlights
Revenue from operations grew 40% YoY to ₹243.12 Lakhs in FY26 from ₹173.88 Lakhs in FY25.
Net loss for the full year narrowed to ₹42.07 Lakhs from ₹73.61 Lakhs in the previous year.
Total Equity stands at a negative ₹241.33 Lakhs, indicating complete erosion of net worth.
Auditors qualified the report noting that finance costs and liabilities are understated by ₹253.76 Lakhs due to unrecorded interest.
The company has initiated Pre-Packaged Insolvency Resolution Process (PPIRP) under Section 54C of the IBC.
👀 What to Watch
Investors should exercise extreme caution as the company has entered insolvency proceedings and has negative net worth. The audit qualification suggests the actual financial stress is significantly higher than the reported losses.
SAB Events: CoC Reviews Resolution Applicant Eligibility in 5th PPIRP Meeting
Sab Events & Governance Now Media Limited is currently undergoing a Pre-Packaged Insolvency Resolution Process (PPIRP) under the IBC 2016. In the 5th meeting of the Committee of Creditors (CoC), members reviewed and recorded an affidavit and legal opinion concerning the eligibility of the Resolution Applicant. This review follows specific directions issued by the National Company Law Tribunal (NCLT) on April 21, 2026. The formal recording of these documents marks a procedural step toward finalizing a resolution plan for the company.
Key Highlights
5th meeting of the Committee of Creditors (CoC) held for the ongoing PPIRP.
CoC reviewed the Affidavit and Legal Opinion regarding the eligibility of the Resolution Applicant.
The process is being conducted in accordance with NCLT directions dated April 21, 2026.
Documentation submitted by the Resolution Professional has been officially taken on record by the CoC.
👀 What to Watch
Investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or delisting. Closely monitor the NCLT's final decision on the resolution plan to understand the recovery prospects for shareholders.
SAB Events 5th CoC Meeting: Resolution Applicant Eligibility Under Review
SAB Events & Governance Now Media Limited conducted its 5th Committee of Creditors (CoC) meeting on April 28, 2026, regarding its ongoing Pre-Packaged Insolvency Resolution Process (PPIRP). The meeting focused on the Resolution Professional's affidavit and legal opinion concerning the eligibility of a potential Resolution Applicant, following NCLT directions from April 21, 2026. The CoC has requested an additional day to deliberate on these legal findings before finalizing its stance. This stage is critical as it determines whether a viable buyer can take over the company to settle outstanding debts.
Key Highlights
5th Meeting of the Committee of Creditors (CoC) held on April 28, 2026, via video conferencing.
Discussion focused on Resolution Professional's affidavit regarding Resolution Applicant eligibility per Section 54-I of IBC.
CoC requested 1 additional day for further consideration of the legal opinion submitted to the NCLT.
Process follows the Hon'ble NCLT directions issued on April 21, 2026.
Company is currently under the Pre-Packaged Insolvency Resolution Process (PPIRP).
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency; the outcome of the Resolution Applicant's eligibility will determine if the company can avoid liquidation. Monitor for the next disclosure regarding the CoC's decision on the resolution plan.
SAB Events Schedules 5th CoC Meeting on April 28 for Pre-Packaged Insolvency Resolution
SAB Events & Governance Now Media Limited is currently undergoing a Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code. The company has scheduled its 5th Committee of Creditors (CoC) meeting for April 28, 2026, to discuss the eligibility of the Resolution Applicant. This follows a specific directive from the NCLT issued on April 21, 2026, regarding an affidavit submitted by the Resolution Professional. The outcome of these proceedings will determine the future ownership and operational viability of the company.
Key Highlights
5th Meeting of the Committee of Creditors (CoC) to be held on April 28, 2026.
The meeting is part of the ongoing Pre-Packaged Insolvency Resolution Process (PPIRP).
Agenda includes discussing the Resolution Professional's affidavit on the eligibility of the Resolution Applicant.
The process follows the Hon’ble NCLT's directions dated April 21, 2026.
The company is operating under the provisions of the Insolvency and Bankruptcy Code, 2016.
👀 What to Watch
Investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or total loss for shareholders. Monitor the NCLT's final decision on the resolution plan and the eligibility of the applicant.
SAB Events CoC Approves Binding Resolution Plan Under PPIRP
The Committee of Creditors (CoC) of SAB Events & Governance Now Media Limited has approved a Binding Resolution Plan on February 07, 2026. This approval was obtained via a postal ballot following the 4th meeting of the CoC under the Pre-Packaged Insolvency Resolution Process (PPIRP). The resolution plan's approval marks a significant milestone in the company's insolvency proceedings under the IBC, 2016. While the specific financial details and the identity of the resolution applicant were not disclosed, this step moves the company closer to a formal restructuring.
Key Highlights
CoC approved the Binding Resolution Plan via postal ballot concluded on February 07, 2026.
The approval follows the 4th meeting of the Committee of Creditors held on February 06, 2026.
The company is currently under the Pre-Packaged Insolvency Resolution Process (PPIRP) framework.
The resolution plan is now subject to further regulatory and NCLT approvals before final implementation.
👀 What to Watch
Investors should remain highly cautious as insolvency resolution plans typically result in significant equity dilution or restructuring that may adversely affect minority shareholders. Await further details on the plan's specific terms and NCLT's final order.
