Sri Adhikari Brothers Television Network Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 14, 2025
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Sri Adhikari Brothers Television Network held an Extra-Ordinary General Meeting on July 14, 2025, conducted via video conferencing. Three key items were put to vote: (1) an increase in authorised share capital from Rs. 48.50 crore to Rs. 111 crore (an Ordinary Resolution), (2) issue of 1.50 crore equity shares on a preferential basis (Special Resolution), and (3) issue of 6.80 crore convertible warrants on a preferential basis (Special Resolution). About 59.36% of paid-up capital was represented through authorised corporate representatives. Voting results are expected within two working days upon receipt of the scrutinizer's report.
This is a major capital expansion and fundraising move. The authorised capital is being more than doubled, and combined with preferential equity and convertible warrant issues, this signals significant equity dilution for existing shareholders. The stock may face pressure once pricing and allotment details of the preferential issue are disclosed.