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SABEVENTS - SAB Events

📊 NSE: SABEVENTS 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/14/2025 12:35

📢 Recent Corporate Announcements

SAB Events Proposes Appointment of Two Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Mar 2026, 12:27 PM

Sab Events & Governance Now Media Limited has announced the proposed appointment of two new Independent Directors to its board. Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari are nominated for five-year terms, subject to shareholder approval via postal ballot. The e-voting process for these appointments is scheduled to run from March 18, 2026, to April 16, 2026. This move aims to strengthen the company's corporate governance and ensure compliance with board diversity requirements.

Proposed appointment of Mr. Anurag Shailendra Mishra as Non-Executive Independent Director for a 5-year term.
Proposed appointment of Ms. Neha Vinod Kothari as Non-Executive Independent Woman Director for a 5-year term.
Postal Ballot e-voting period set to commence on March 18, 2026, and conclude on April 16, 2026.
Mr. Bhavesh Chheda of M/s. Bhavesh Chheda & Associates appointed as the Scrutinizer for the voting process.
Final results of the postal ballot and director appointments to be declared on or before April 20, 2026.

💡 Investors should note the strengthening of the board's independent oversight and monitor the final voting results due by April 20, 2026. No immediate trading action is required based on these routine governance appointments.

SAB Events Proposes Appointment of Two Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Mar 2026, 12:08 PM

SAB Events & Governance Now Media Limited has approved a Postal Ballot to seek shareholder approval for the appointment of two new directors. Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari are proposed as Non-Executive Independent Directors, each for a five-year term. The e-voting period for shareholders is scheduled to commence on March 18, 2026, and conclude on April 16, 2026. This move is part of the company's efforts to strengthen its board governance and ensure regulatory compliance regarding independent representation.

Appointment of Mr. Anurag Shailendra Mishra as Independent Director for a 5-year term.
Appointment of Ms. Neha Vinod Kothari as Independent Woman Director for a 5-year term.
E-voting period for shareholders scheduled from March 18 to April 16, 2026.
Mr. Bhavesh Chheda appointed as Scrutinizer to oversee the e-voting process.
Final results of the Postal Ballot to be declared on or before April 20, 2026.

💡 Investors should review the profiles of the proposed directors when the postal ballot notice is dispatched and ensure they participate in the e-voting process. These appointments are standard governance procedures and do not necessitate immediate changes to investment positions.

Sab Events & Governance Now Media: Non-Executive Director Latasha Laxman Jadhav Resigns

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 25 Feb 2026, 06:42 PM

Ms. Latasha Laxman Jadhav has resigned from her position as a Non-Executive Non-Independent Director at Sab Events & Governance Now Media Limited, effective February 25, 2026. The resignation is attributed to pre-occupation, and the director has confirmed there are no other material reasons for her departure. Notably, Ms. Jadhav holds zero shares in the company as per the disclosure. This change in the board composition is a routine management update and does not appear to impact operations significantly.

Ms. Latasha Laxman Jadhav resigned as Non-Executive Non-Independent Director effective February 25, 2026.
The reason cited for the resignation is 'pre-occupation' with no other material reasons disclosed.
The outgoing director holds 0 shares in the company as of the resignation date.

💡 Investors should monitor for the appointment of a successor to ensure the board remains well-structured. No immediate action is required as this is a routine management change.

SABEVENTS Announces Resignation of Non-Executive Director Latasha Laxman Jadhav

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 25 Feb 2026, 06:40 PM

Sab Events & Governance Now Media Limited has informed the exchanges regarding the resignation of Ms. Latasha Laxman Jadhav from the post of Non-Executive Non-Independent Director. The resignation is effective from February 25, 2026, with the cited reason being pre-occupation. The outgoing director confirmed there are no other material reasons for her departure. Notably, Ms. Jadhav held zero shares in the company at the time of her resignation, suggesting no immediate impact on ownership structure.

Ms. Latasha Laxman Jadhav resigned as Non-Executive Non-Independent Director effective February 25, 2026.
The reason for resignation is cited as pre-occupation with no other material reasons provided.
The outgoing director held 0 shares in the company as per the regulatory filing.
The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 This is a routine management change with no impact on shareholding or operations. Investors should continue to monitor the company's financial performance and any future board appointments.

SAB Events & Governance Now Media Director Latasha Jadhav Resigns Effective Feb 25, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 25 Feb 2026, 06:38 PM

Ms. Latasha Laxman Jadhav has resigned from her position as a Non-Executive Non-Independent Director of SAB Events & Governance Now Media Limited. The resignation is effective from February 25, 2026, and is attributed to her pre-occupation with other commitments. The company confirmed that there are no other material reasons for her departure. Notably, Ms. Jadhav held zero shares in the company at the time of her resignation.

Ms. Latasha Laxman Jadhav (DIN: 08141498) resigned as Non-Executive Non-Independent Director.
The resignation became effective on February 25, 2026.
The outgoing director held 0 shares in the company at the time of cessation.
The reason cited for the resignation is pre-occupation with other professional commitments.

💡 This is a routine board change involving a non-executive director with no shareholding; no immediate action is required from investors.

SABEVENTS Appoints Two New Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Feb 2026, 09:13 PM

Sab Events & Governance Now Media Limited has announced the appointment of two new Additional Independent Directors to its board effective February 24, 2026. Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari, a Chartered Accountant, have been appointed for five-year terms ending February 24, 2031. These appointments, which include a new woman director, are intended to strengthen the company's corporate governance and strategic oversight. The appointments are subject to the final approval of the company's shareholders.

Appointment of Mr. Anurag Shailendra Mishra as Additional Independent Director for a 5-year term starting Feb 24, 2026.
Appointment of Ms. Neha Vinod Kothari (Chartered Accountant) as Additional Independent Woman Director for a 5-year term.
Both directors are appointed until February 24, 2031, subject to shareholder approval.
The board meeting for these approvals commenced at 8:30 P.M. and concluded within 20 minutes at 8:50 P.M.

💡 Investors should view this as a routine governance update to ensure board compliance and diversity. No immediate trading action is required based on these appointments.

SAB Events Appoints Two New Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Feb 2026, 09:12 PM

SAB Events & Governance Now Media Limited has appointed Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari as Additional Independent Directors effective February 24, 2026. Both appointments are for a fixed term of 5 consecutive years, concluding on February 24, 2031, subject to shareholder approval. Ms. Kothari, a Chartered Accountant, also fulfills the requirement for a Woman Director on the board. These appointments are aimed at strengthening the company's corporate governance and strategic oversight.

Appointment of Mr. Anurag Shailendra Mishra as Additional Independent Director for a 5-year term.
Appointment of Ms. Neha Vinod Kothari, a Chartered Accountant, as Additional Independent Woman Director for 5 years.
Both terms are effective from February 24, 2026, to February 24, 2031.
The board confirms neither director is related to existing directors or debarred by SEBI orders.

💡 This is a routine governance update to ensure board compliance and diversity; no immediate action is required by investors.

SABEVENTS Appoints Anurag Mishra and Neha Kothari as Independent Directors for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Feb 2026, 09:11 PM

Sab Events & Governance Now Media Limited has appointed Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari as Additional Independent Directors effective February 24, 2026. Both directors have been appointed for a five-year term concluding on February 24, 2031, subject to shareholder approval. Ms. Kothari is a Chartered Accountant with a background in finance and strategy within the insurance sector, while Mr. Mishra specializes in corporate governance and risk management. These appointments are intended to enhance the board's oversight and regulatory compliance capabilities.

Appointment of two new Independent Directors, Mr. Anurag Mishra and Ms. Neha Kothari, effective Feb 24, 2026.
Both directors are appointed for a fixed tenure of 5 consecutive years ending in February 2031.
Ms. Neha Kothari brings specialized expertise as a Chartered Accountant with experience in the insurance industry.
Mr. Anurag Mishra offers professional experience in strategic planning, risk management, and regulatory frameworks.
The appointments were made based on the recommendations of the Nomination and Remuneration Committee.

💡 These are routine board appointments aimed at strengthening governance; no immediate action is required from investors. Monitor the company's future governance disclosures to see if these appointments impact strategic decision-making.

SAB Events Appoints Anurag Mishra and Neha Kothari as Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Feb 2026, 09:08 PM

SAB Events & Governance Now Media Limited has appointed two new Additional Independent Directors to its board effective February 24, 2026. Mr. Anurag Shailendra Mishra and Ms. Neha Vinod Kothari have both been appointed for a five-year tenure ending February 24, 2031. Ms. Kothari is a Chartered Accountant with a background in finance and strategy within the insurance sector, while Mr. Mishra brings expertise in corporate governance. These appointments, which are subject to shareholder approval, are intended to strengthen the company's independent oversight and regulatory compliance.

Appointment of Mr. Anurag Shailendra Mishra as Additional Independent Director for a 5-year term starting Feb 24, 2026.
Appointment of Ms. Neha Vinod Kothari as Additional Independent Woman Director for a 5-year term starting Feb 24, 2026.
Both directors are appointed for a consecutive period ending February 24, 2031, subject to member approval.
Ms. Neha Vinod Kothari is a Chartered Accountant with professional experience in the life and general insurance industries.

💡 Investors should view this as a routine strengthening of the board's governance framework. No immediate action is required as these appointments are unlikely to impact short-term financial performance.

SAB Events CoC Approves Binding Resolution Plan Under PPIRP

🔵 WATCH ⭐ 9/10

LEGAL 📅 07 Feb 2026, 05:00 PM

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.

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.

💡 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

🔵 WATCH ⭐ 8/10

LEGAL 📅 06 Feb 2026, 06:03 PM

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.

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.

💡 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

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 05 Feb 2026, 12:51 PM

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.

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.

💡 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

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 05 Feb 2026, 12:43 PM

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.

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.

💡 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

🔵 WATCH ⭐ 8/10

LEGAL 📅 02 Feb 2026, 06:12 PM

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.

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.

💡 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

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 23 Jan 2026, 05:31 PM

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.

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.

💡 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.

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💰 Financial Performance

Revenue Growth by Segment

The Company operates in a single primary business segment: Digital Media Websites & MICE. Total revenue for FY 2024-25 was INR 173.88 lakhs, representing a decline compared to the previous year as indicated by the reduction in sales mentioned in management reports.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates primarily in the domestic Indian market with its headquarters in Mumbai.

Profitability Margins

Net Profit Margin improved from -54% in FY 23-24 to -26% in FY 24-25. Operating Profit Margin improved from -11% to 0.03% during the same period, driven by a reduction in losses despite lower sales.

EBITDA Margin

EBITDA Margin (Operating Profit Margin) was 0.03% in FY 24-25, up from -11% in FY 23-24. This improvement is attributed to cost reductions and narrowed losses during the fiscal year.

Capital Expenditure

Net Block of Tangible Fixed Assets stood at INR 4.76 lakhs as of March 31, 2025, with a depreciation charge of INR 79.81 lakhs. Goodwill on demerger is valued at INR 62.23 lakhs.

Credit Rating & Borrowing

The company is currently under a Pre-Packaged Insolvency Resolution Process (PPIRP) as of November 2025. Short-term borrowings were INR 199.71 lakhs in the prior year and increased during FY 24-25, leading to a Current Ratio of 0.20.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company is a service-based media and MICE entity. Primary inputs are content creation, digital platform maintenance, and event management services.

Key Suppliers

Not specifically named; however, the company engages in related party transactions with TV Vision Limited (TVVL) for promoting and advertising channels on its website for a value not exceeding INR 60 lakhs.

Capacity Expansion

Not applicable in terms of manufacturing; however, the company is focusing on improving digital content on its website (governancenow.com) and YouTube channel to compete with other publication houses.

Raw Material Costs

Operating expenses for FY 24-25 totaled INR 288.62 lakhs, which includes content production and event execution costs.

Manufacturing Efficiency

Not applicable. The company monitors 'successful turnouts' at seminars as its primary efficiency metric for the MICE business.

Logistics & Distribution

Not disclosed; distribution is primarily digital via web and mobile platforms.

📈 Strategic Growth

Expected Growth Rate

3.30%

Growth Strategy

The company plans to achieve growth by monetizing content through emerging technology platforms (smartphones, tablets), improving its YouTube presence, and focusing on niche sectors for its seminar business to ensure higher corporate engagement and sponsorship.

Products & Services

Digital media content via governancenow.com, YouTube news content, on-ground and virtual conferences, seminars, and MICE (Meetings, Incentives, Conferences, and Exhibitions) services.

Brand Portfolio

Governance Now

New Products/Services

Next-generation features on digital media platforms including smart phones and tablets; e-commerce business induction is proactively planned.

Market Expansion

Focus on digital media penetration in the 'billion strong' Indian market, leveraging broadband and smartphone growth.

Strategic Alliances

Related party arrangement with TV Vision Limited (TVVL) for cross-platform advertising and marketing.

🌍 External Factors

Industry Trends

The M&E sector grew 3.3% in 2024 to INR 2.5 trillion. Key trends include AI empowerment for content creation, asymmetric competition from global social platforms, and a shift toward digital consumption via smartphones.

Competitive Landscape

Competes with traditional studios, large global social platforms, and other digital publication houses.

Competitive Moat

The 'Governance Now' brand serves as a niche moat in the socio-political development space; however, sustainability is challenged by intense competition and the need for constant technological updates.

Macro Economic Sensitivity

Highly sensitive to India's GDP growth (7.4% in FY 24-25) and private consumption trends. M&E sector growth slowed to INR 81 billion in the reporting period, less than half the previous year's growth.

Consumer Behavior

Rapid shift toward online news availability via broadband and smartphones, requiring the company to pivot content to YouTube and mobile-first features.

Geopolitical Risks

Changes in government regulations, tax laws, and economic conditions affecting demand/supply in domestic and overseas markets.

⚖️ Regulatory & Governance

Industry Regulations

Subject to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and the Insolvency and Bankruptcy Code (IBC) 2016.

Environmental Compliance

Not disclosed; minimal impact expected for a digital media company.

Taxation Policy Impact

Prepared in accordance with Indian Accounting Standards (IND AS) under Section 133 of the Companies Act, 2013.

Legal Contingencies

The company was admitted into the Pre-Packaged Insolvency Resolution Process (PPIRP) by the NCLT Mumbai Bench via an order received on November 11, 2025. A Transaction Auditor (Mr. Parthajit Ghosh) has been appointed to audit transactions under the IBC.

⚠️ Risk Analysis

Key Uncertainties

The ongoing PPIRP process creates significant uncertainty regarding the company's future viability and ownership structure. Revenue risk is high due to potential changes in content quality or sponsorship ratios.