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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.
💼 Action for Investors
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.
SABEVENTS 4th CoC Meeting: Binding Resolution Plan Put to Vote via Postal Ballot
Sab Events & Governance Now Media Limited conducted its 4th Committee of Creditors (CoC) meeting on February 6, 2026, regarding its ongoing Pre-Packaged Insolvency Resolution Process (PPIRP). The CoC has officially put the Binding Resolution Plan to a vote through a postal ballot, which will determine the company's future structure. Additionally, the CoC approved the appointment of Avyaan Legal to file the resolution plan with the Adjudicating Authority and ratified PPIRP costs incurred since the 3rd meeting. The outcome of the voting process will be critical for determining the recovery value for stakeholders.
Key Highlights
4th CoC meeting held on February 6, 2026, under the Pre-Packaged Insolvency Resolution Process (PPIRP).
Binding Resolution Plan put to vote via Postal Ballot for final approval by the Committee of Creditors.
Appointment of Avyaan Legal as the advocate for filing the resolution plan application before the Adjudicating Authority.
Ratification of PPIRP costs incurred between the 3rd and 4th CoC meetings.
Company to intimate the outcome of the voting process once the stipulated timeline concludes.
💼 Action for Investors
Investors should remain extremely cautious as insolvency proceedings often lead to significant equity dilution or delisting. Monitor the upcoming announcement regarding the voting results of the Binding Resolution Plan to assess the company's viability.
SABEVENTS Reports Q3 Profit of ₹13.12 Lakhs Amid Insolvency Proceedings and Going Concern Risks
SABEVENTS reported a standalone profit of ₹13.12 Lakhs for Q3 FY26, a decline from ₹20.05 Lakhs in the same quarter last year. The company is currently undergoing a Pre-Packaged Insolvency Resolution Process (PPIRP) admitted by the NCLT in November 2025. Auditors have issued a 'Going Concern' warning, noting that current liabilities are 3.74 times current assets and the company is unable to service its debt. Additionally, Independent Director Shailendra Mishra will step down on February 9, 2026, following the completion of his second term.
Key Highlights
Net Profit for Q3 FY26 decreased to ₹13.12 Lakhs from ₹20.05 Lakhs YoY.
Company admitted to Pre-Packaged Insolvency Resolution Process (PPIRP) by NCLT on November 4, 2025.
Current liabilities are 3.74 times current assets, indicating severe liquidity stress.
Auditors qualified the report for non-provision of ₹6.04 Lakhs in interest expenses and lack of goodwill impairment testing.
Independent Director Shailendra Mishra to exit on Feb 9, 2026, after completing his second consecutive term.
💼 Action for Investors
Investors should exercise extreme caution as the company is in formal insolvency proceedings and faces significant 'Going Concern' risks. The negative equity and inability to service debt make this a high-risk situation for equity holders.
SAB Events Reports Q3 PAT of ₹13.12 Lakhs; NCLT Admits Pre-Packaged Insolvency Petition
SAB Events reported a net profit of ₹13.12 Lakhs for Q3 FY26, down from ₹20.05 Lakhs in the previous year's corresponding quarter. Despite the quarterly profit, the company faces severe financial distress with current liabilities standing at 3.74 times its current assets and a negative total equity of ₹1,285.95 Lakhs. Most critically, the NCLT has admitted a petition for a Pre-Packaged Insolvency Resolution Process (PPIRP) as of November 2025. Auditors have issued a qualified opinion, citing material uncertainty regarding the company's ability to continue as a going concern.
Key Highlights
Revenue from operations for Q3 FY26 was ₹44.34 Lakhs compared to ₹43.92 Lakhs in Q3 FY25.
The company reported a net profit of ₹13.12 Lakhs for the quarter, but remains in a net loss of ₹25.19 Lakhs for the nine-month period ended Dec 2025.
Current liabilities are 3.74 times current assets, and the company is unable to service its debt obligations.
NCLT Mumbai admitted the company's petition for Pre-Packaged Insolvency Resolution Process (PPIRP) on November 4, 2025.
Auditors noted a failure to provide for interest expenses of ₹6.04 Lakhs for the quarter, which understates current borrowings.
💼 Action for Investors
Investors should exercise extreme caution as the company is undergoing insolvency proceedings and has negative net worth. The material uncertainty regarding its status as a going concern suggests a very high risk of capital loss.
SABEVENTS to Hold 4th CoC Meeting to Vote on Binding Resolution Plan on Feb 6, 2026
Sab Events & Governance Now Media Limited has scheduled its 4th Committee of Creditors (CoC) meeting for February 6, 2026, as part of its ongoing Pre-packaged Insolvency Resolution Process (PPIRP). The primary agenda is to vote on and approve the Binding Resolution Plan submitted by the Resolution Applicant. Additionally, the meeting will address the appointment of legal counsel for filing the plan with the Adjudicating Authority and the ratification of PPIRP costs. This meeting is a critical milestone in the company's debt restructuring and potential change in control.
Key Highlights
4th Meeting of the Committee of Creditors (CoC) scheduled for February 6, 2026, at 4:00 PM.
The CoC will vote to approve the Binding Resolution Plan submitted by the Resolution Applicant.
Agenda includes the appointment of an advocate to file the resolution plan for final approval by the Adjudicating Authority.
Approval and ratification of PPIRP costs incurred since the 3rd CoC meeting will be conducted.
💼 Action for Investors
Investors should remain highly cautious as insolvency resolution plans frequently result in significant equity dilution or delisting for existing shareholders. Monitor the outcome of the February 6 meeting to understand the viability and terms of the proposed resolution plan.
SAB Events Conducts 3rd CoC Meeting Under Pre-packaged Insolvency Process
Sab Events & Governance Now Media Limited held its 3rd Committee of Creditors (CoC) meeting on January 23, 2026, as part of its ongoing Pre-packaged Insolvency Resolution Process (PPIRP). The meeting, conducted via video conferencing, focused on the approval and ratification of PPIRP costs incurred by the Resolution Professional. This process is being carried out under the provisions of the Insolvency and Bankruptcy Code, 2016. Shareholders should note that the company is currently under a formal insolvency framework which significantly impacts equity value.
Key Highlights
3rd Meeting of the Committee of Creditors (CoC) successfully convened on January 23, 2026.
The meeting addressed the ratification of PPIRP costs incurred since the 2nd CoC meeting.
Proceedings are governed by Section 54(I)(2) of the Insolvency and Bankruptcy Code (IBC).
The company is utilizing the Pre-packaged Insolvency Resolution Process (PPIRP) framework.
💼 Action for Investors
Investors should remain highly cautious as insolvency proceedings typically result in substantial loss of equity value or delisting. It is advisable to monitor upcoming CoC decisions regarding the final resolution plan.
SABEVENTS to Hold 3rd Committee of Creditors Meeting on Jan 23 for PPIRP Cost Approval
Sab Events & Governance Now Media Limited has scheduled its 3rd Committee of Creditors (CoC) meeting for January 23, 2026, as part of its ongoing Pre-packaged Insolvency Resolution Process (PPIRP). The meeting's primary agenda is to review and ratify the insolvency process costs incurred by the Resolution Professional since the second meeting. This process is being conducted under the Insolvency and Bankruptcy Code, 2016, indicating the company is in a formal debt resolution phase. Investors should be aware that such proceedings often result in significant restructuring or changes in ownership.
Key Highlights
3rd Meeting of the Committee of Creditors (CoC) scheduled for January 23, 2026, at 04:30 P.M.
The company is currently undergoing a Pre-packaged Insolvency Resolution Process (PPIRP).
Agenda includes the approval and ratification of PPIRP costs incurred by the Resolution Professional.
Proceedings are being conducted in accordance with Section 54(I) of the Insolvency and Bankruptcy Code, 2016.
💼 Action for Investors
Investors should exercise extreme caution as insolvency proceedings typically pose a high risk of equity dilution or total loss for shareholders. It is advisable to monitor the progress of the resolution plan and the CoC's decisions regarding the company's future.
SABEVENTS Holds 2nd CoC Meeting for Pre-packaged Insolvency Resolution Process
Sab Events & Governance Now Media Limited convened its second Committee of Creditors (CoC) meeting on December 22, 2025, under the Pre-packaged Insolvency Resolution Process (PPIRP). The meeting focused on ratifying the insolvency process costs incurred by the Resolution Professional since the inaugural meeting. Crucially, the CoC approved the amounts for Earnest Money Deposit (EMD) and Performance Security required from potential Resolution Applicants. This indicates the company is moving forward with the formal process of seeking a buyer or restructuring plan to address its financial distress.
Key Highlights
Second meeting of the Committee of Creditors (CoC) successfully conducted on December 22, 2025.
Ratification of PPIRP costs incurred by the Resolution Professional from the 1st CoC meeting to date.
Approval of Earnest Money Deposit (EMD) and Performance Security amounts for potential Resolution Applicants.
The process is being conducted under Section 54(I)(2) of the Insolvency and Bankruptcy Code, 2016.
💼 Action for Investors
Investors should remain highly cautious as insolvency proceedings often lead to significant equity dilution or total loss for retail shareholders. Monitor future disclosures regarding the selection of a Resolution Applicant and the terms of the final resolution plan.
SAB Events Schedules 2nd CoC Meeting on Dec 22 for Pre-Packaged Insolvency Process
SAB Events & Governance Now Media Limited is holding its 2nd Committee of Creditors (CoC) meeting on December 22, 2025, under the Pre-packaged Insolvency Resolution Process (PPIRP). The meeting will address the ratification of insolvency costs and establish the Earnest Money Deposit (EMD) requirements for potential resolution applicants. This process is a critical step in the company's debt restructuring under the Insolvency and Bankruptcy Code. Equity holders face high risk as the outcome of the resolution plan will determine the company's future ownership and capital structure.
Key Highlights
2nd Committee of Creditors meeting set for December 22, 2025, at 5:00 PM.
Agenda includes approval of PPIRP costs and setting EMD/Performance Security amounts.
Process follows the Pre-packaged Insolvency Resolution Process (PPIRP) framework.
Resolution Professional to seek ratification for expenses incurred since the 1st CoC meeting.
💼 Action for Investors
Investors should be wary of the high risk of equity wipeout or dilution common in insolvency cases. Avoid fresh positions until a clear resolution plan is approved by the NCLT.
SAB Events Convenes 1st CoC Meeting for Pre-packaged Insolvency Resolution Process
SAB Events & Governance Now Media Limited conducted its first Committee of Creditors (CoC) meeting on December 1, 2025, under the Pre-packaged Insolvency Resolution Process (PPIRP). The CoC confirmed the appointment of Mr. Kedar Parshuram Mulye as the Resolution Professional and approved his remuneration. Additionally, the committee appointed registered valuers for financial assets and plant & machinery, along with a transaction auditor. The Information Memorandum (IM) has been circulated to CoC members, marking a critical step in the company's debt resolution efforts.
Key Highlights
First CoC meeting held on December 1, 2025, to formalize the PPIRP structure.
Appointment of Mr. Kedar Parshuram Mulye as Resolution Professional (RP) was approved.
Four registered valuers and one transaction auditor (Mr. Parthajit Ghosh) were appointed for asset valuation.
Information Memorandum (IM) circulated to CoC members to facilitate the resolution plan.
Ratification of legal and PPIRP costs incurred since the commencement of the process.
💼 Action for Investors
Investors should remain highly cautious as insolvency proceedings often lead to significant equity dilution or total loss for shareholders. Monitor future disclosures regarding the resolution plan and potential haircuts for creditors.