Sri Adhikari Brothers Television Network Limited has informed the Exchange regarding Notice of Postal Ballot
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Sri Adhikari Brothers Television Network Limited (SABTNL) has circulated a Postal Ballot Notice seeking shareholder approval on five resolutions, with e-voting open from January 14, 2026 to February 12, 2026. The key proposal is a stock split that will subdivide each equity share of Rs. 10 face value into 10 shares of Re. 1 each, keeping paid-up capital unchanged at Rs. 25.37 crore (currently 2.53 crore shares). The company also proposes accepting unsecured loans of up to Rs. 100 crore from promoter Mr. Kurjibhai Premjibhai Rupareliya, with an option to convert these loans into equity shares. Additionally, it seeks to raise the overall borrowing limit to Rs. 500 crore to fund business restructuring and expansion. The notice also seeks approval for appointing existing Managing Director Mr. Srivatsava Sunkara (DIN: 01725431) as Chairperson of the company with effect from January 6, 2026.
The stock split is aimed at improving liquidity and making shares more affordable for retail investors, though it does not change the company's underlying value. The promoter's Rs. 100 crore loan with equity conversion option signals promoter support for a 'fresh start' but could lead to equity dilution if converted. The expanded Rs. 500 crore borrowing ceiling indicates planned business restructuring and expansion, which may increase debt and dilution risk depending on execution.