SABEVENTSNSESab Events & Governance Now Media LimitedCriticalPositive
Announced Fri, 18 Sept, 2026 · 21:56 IST
Board approves preferential issue and warrants under NCLT Resolution Plan
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved issuing about 2.55 crore equity shares and 60 lakh convertible warrants at Rs. 22.50 each, totaling about Rs. 46 crore, plus 1.1 crore shares for a merger. This implements the NCLT-approved Resolution Plan under IBC (order dated July 10, 2026). Allotments are to promoter Sri Adhikari Brothers Assets Holdings, strategic public investors, and shareholders of Sri Adhikari Brothers Digital Network being merged into the company.
Likely market impact
Significant equity dilution as company emerges from insolvency. Promoter and new investors gain large stakes; existing shareholders face share count expansion.