SABEVENTSNSESab Events & Governance Now Media LimitedCriticalNeutral
Announced Fri, 18 Sept, 2026 · 21:59 IST
Board approves NCLT Resolution Plan share issuance and merger
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The board approved issuing shares and warrants under the NCLT-approved Resolution Plan. Plans include 12 lakh shares to promoter entity at Rs 22.50, 73 lakh shares to strategic investors worth Rs 16.42 crore, and 60 lakh convertible warrants worth Rs 13.50 crore. Also approved 1.10 crore shares for merger with Sri Adhikari Brothers Digital Network at 436:100 swap ratio. NCLT order dated July 10, 2026.
Likely market impact
Major equity dilution as company emerges from insolvency. NCLT-approved resolution plan is being implemented through fresh issuance and merger, reshaping ownership.