Sri Adhikari Brothers Television Network Limited has informed regarding Disclosure of material issue
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Sri Adhikari Brothers Television Network Limited (SABTNL) has completed the sale of its entire 35.68% stake in Westwind Realtors Private Limited (WRPL) to Sri Adhikari Brothers Assets Holding Private Limited (SABAHPL), a related party. As a result, WRPL has ceased to be a subsidiary of SABTNL with effect from August 22, 2025, and SABTNL's shareholding in WRPL is now nil. The total consideration is approximately Rs. 18.20 crores, covering office premises on the 1st, 4th, and 5th floors (totaling about 10,650 sq. ft.) of the Adhikari Chambers Building in Andheri West, Mumbai. The transaction was classified as a related party deal, conducted at arm's length, and pre-approved by shareholders via a postal ballot held on May 27, 2025. The subsidiary's contribution to SABTNL's turnover, revenue, income, and net worth in the last financial year was nil.
SABTNL has fully exited its real estate subsidiary, simplifying its group structure. The Rs. 18.20 crore inflow is modest relative to typical listed-company sizes and may be used to pare debt or fund operations. The deal was approved by shareholders, which reduces governance concerns, though investors should note the related-party nature of the transaction.