Sri Adhikari Brothers Television Network Limited has informed the Exchange regarding 'Sell of stake aggregating to 35.68 % of the paid-up equity share capital in WestwindRealtors Private Limited ( WRPL ), a subsidiary of the Company, to Sri Adhikari BrothersAssets Holding Private Limited ( SABAHPL )'.
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SABTNL's board approved selling its 35.68% stake in Westwind Realtors Pvt Ltd (WRPL), a subsidiary, to related party Sri Adhikari Brothers Assets Holding Pvt Ltd (SABAHPL) for about Rs. 18.20 crore, comprising three tranches (Rs. 6.06 cr, Rs. 6.07 cr, and Rs. 6.07 cr) representing Class A and Class B premises shares in Adhikari Chambers Building, Andheri West. WRPL will cease to be a subsidiary from August 31, 2025; it contributed NIL turnover in the last financial year. The board also approved Q1 FY26 results showing standalone revenue of just Rs. 3.47 lakhs (vs Rs. 100 lakhs a year ago) and a loss after tax of Rs. 183.57 lakhs, with auditors flagging a going concern uncertainty due to negative other equity of Rs. (3,680.89) lakhs. CS Krina Gokulkumar Shah was appointed as Secretarial Auditor for 5 years (FY26–FY30).
The Rs. 18.20 crore inflow provides some cash relief to a loss-making, financially stressed company, but the related-party nature of the deal (common promoter control) may draw investor scrutiny. Weak Q1 numbers and a going concern flag from auditors underscore that the company's core media business remains under serious pressure.