The notice details the outcome of the Board Meeting of SAB Events & Governance Now Media Limited held on September 18, 2026, wherein the Board approved the issuance of equity shares and convertible warrants on a preferential basis, alongside a scheme of amalgamation pursuant to a resolution plan approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-I, under the Insolvency and Bankruptcy Code (IBC).

Specifically, the Board approved the issuance of up to 12,00,000 equity shares amounting to Rs. 2,70,00,000 to Sri Adhikari Brothers Assets Holdings Private Limited and up to 73,00,000 equity shares amounting to Rs. 16,42,50,000 to strategic public category investors at Rs. 22.50 per share. Additionally, up to 60,00,000 convertible warrants amounting to Rs. 13,50,00,000 are to be issued to strategic investors, requiring 25% payable at subscription with the balance due within 18 months. Furthermore, 1,10,34,070 equity shares will be issued to shareholders of Sri Adhikari Brothers Digital Network Private Limited based on a share exchange ratio of 436 equity shares for every 100 shares held under the amalgamation scheme.

SAB Events & Governance Now Media Limited operates primarily within the media, publishing, and digital content sectors, anchored around its governance and events platforms. Recent updates from 2025 and 2026 highlight the company’s rigorous restructuring path under NCLT supervision via a pre-packaged insolvency resolution process. The company has focused on executing capital restructuring measures, settling resolutions, and streamlining its corporate structure through preferential allotments and amalgamations with group entities like Sri Adhikari Brothers Digital Network Private Limited.

For the financial year 2025, the company generated a full-year revenue of approximately Rs. 2.15 Crores. During quarterly financial updates in 2025, such as the period ended December 2025, the company reported a net profit of Rs. 0.13 Crore, reflecting a 35% decline compared to Rs. 0.20 Crore reported in the corresponding quarter of the previous year, while maintaining stable sales around Rs. 0.44 Crore. Strategic entities and investors participating in the current corporate actions include SERA Capital AIF, SERA Investments & Finance India Ltd, Sri Tirupati Balaji Family Trust, and Sri Mahakaal Family Trust.