Aqylon Nexus Limited has informed the Exchange regarding Outcome of Board Meeting held on May 20, 2026.
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network Limited) met on May 20, 2026 and approved two key items. First, the Board acknowledged receipt of proposals from two entities - M/s E Trav Tech Limited and M/s Rribada Films Private Limited - both expressing intention to sell their shareholding of 51% or more of the company's share capital. Second, the Board accepted the resignation of Mr. Suresh Govind Khilari from the post of Chief Financial Officer (CFO) with effect from close of business hours on the same date. The CFO cited personal reasons for his resignation. The company stated it will make further disclosures as required under SEBI regulations once a final decision is taken on the stake sale proposals.
The two proposals for selling 51%+ stake holdings suggest potential change of control, which could be highly significant for shareholders. The CFO resignation adds to management uncertainty. These are early-stage proposals with no final decisions yet, but investors should monitor for subsequent announcements.