Sri Adhikari Brothers Television Network Limited has informed the Exchange regarding 'Successful Completion of Resolution Plan before 1 year of Sri Adhikari BrothersTelevision Network Limited'.
AQYLON · price
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Awaiting price reaction for this filing.
Sri Adhikari Brothers Television Network Limited has informed the stock exchange that it has successfully completed its resolution plan well before the one-year deadline. The company had gone through the Insolvency and Bankruptcy Code (IBC) process, and the resolution plan was approved by the National Company Law Tribunal (NCLT). Finishing the resolution in under a year is considered fast and shows the resolution professional and the successful resolution applicant moved quickly to implement the plan. The filing was submitted to the exchange by Aqylon Nexus Limited, which appears linked to the SAB group. This marks the end of the formal insolvency proceedings and the beginning of the company's revival under new management or ownership.
For existing shareholders, resolution plan completion often means equity may be heavily diluted or written off, as lenders and the new promoter typically take priority under IBC. The stock could see sharp moves once trading resumes based on the new ownership structure, but operational continuity offers hope for long-term revival.