Sri Adhikari Brothers Television Network Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 14, 2025
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Sri Adhikari Brothers Television Network Limited (SABTNL) held an Extra-Ordinary General Meeting (EGM) on July 14, 2025, via video conferencing, and submitted the scrutinizer's report to BSE and NSE on July 15, 2025. Three resolutions were passed with near-unanimous shareholder support: (1) Increase in authorised share capital from Rs. 48.50 Crores to Rs. 111 Crores — passed with 100% votes in favour (1,00,58,733 shares from 22 members). (2) Issue of 1,50,00,000 equity shares on a preferential basis — passed with 100% votes in favour (50,58,731 shares from 20 members), with one invalid vote of 50 lakh shares from a related-party entity. (3) Issue of 6,80,20,000 convertible warrants on a preferential basis — passed with 100% votes in favour (1,00,58,729 shares from 20 members). All resolutions were carried with the requisite majority.
Shareholders have greenlit a sharp expansion of the authorised capital (over 2x) and a sizeable preferential issue of 1.5 crore equity shares plus 6.8 crore convertible warrants, which together could meaningfully dilute existing shareholders once allotted. Investors should watch for the issue price, allotment timeline, and identity of allottees, as these will directly affect share price and ownership stakes.