Aqylon Nexus Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network Limited) announced that all 5 resolutions in its Postal Ballot have been passed by shareholders with overwhelming support, via e-voting between January 14 and February 12, 2026. The key resolutions include: (1) sub-division/split of equity shares from face value Rs.10 to Re.1, (2) alteration of the Capital Clause in the Memorandum of Association, (3) acceptance of loans from the Promoter with an option to convert those loans into equity shares, (4) enhanced borrowing powers for the company, and (5) appointment of Mr. Srivatsava Sunkara (DIN: 01725431) as Chairperson. Out of 2.54 crore total shares, about 1.72 crore (67.79%) voted, with nearly 100% votes in favour across all resolutions. No votes were declared invalid. Mr. Srivatsava Sunkara, who is already Managing Director, has been elevated to Chairperson.
Shareholders should note an upcoming stock split (Rs.10 to Re.1), which will increase the number of shares tenfold and likely lower the per-share price, improving liquidity and affordability. The approved promoter loan conversion option could lead to dilution of existing shareholders if converted into equity. Higher borrowing powers may also increase the company's debt capacity going forward.