Sri Adhikari Brothers Television Network Limited has informed the Exchange about Resignation of Chairperson
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The Board of Sri Adhikari Brothers Television Network Limited (SABTNL) met on 6 January 2026 and approved several major items. First, it approved a stock split in the ratio of 1:10, changing the face value from Rs. 10 to Re. 1 per share, subject to shareholder approval via postal ballot. Second, it approved accepting loans of up to Rs. 100 Crores from the Promoter, with an option to convert these loans into equity. Third, it raised the company's borrowing limit to Rs. 500 Crores. Fourth, Mr. Kiran Kumar Inampudi resigned as Chairperson of the company, though he will continue as Executive Director. Fifth, Mr. Srivatsava Sunkara, who is already the Managing Director, was appointed as the new Chairperson. All key resolutions will be put to shareholders through a postal ballot with e-voting running from 14 January to 12 February 2026.
The 1:10 stock split aims to make shares more affordable and improve liquidity, which could attract retail investors. The promoter loan of up to Rs. 100 Crores with an equity conversion option may lead to future dilution for existing shareholders. The continuation of Kiran Kumar Inampudi as Executive Director and the elevation of the existing MD as Chairperson suggest leadership continuity with no major disruption.