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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.
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
