Sri Adhikari Brothers Television Network Limited has informed regarding Disclosure of material issue

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.9%Reaction day

₹109.60

prior close

₹104.60

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.8% vs market

TV Broadcasting & Software Production peers, median of 16sector-0.0%-4.9% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.9 pts less than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

-4.9-0.1-4.8-0.0-4.9

Next day

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UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.