Sri Adhikari Brothers Television Network Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Sri Adhikari Brothers Television Network Limited (BSE: 530943, NSE: SABTNL) announced the results of its postal ballot conducted via e-voting from May 29, 2025 to June 27, 2025. Two resolutions were put to shareholders: (1) appointment of Ms. Neha Vinod Kothari (DIN: 11022380) as an Independent Director (Special Resolution), and (2) approval of a Material Related Party Transaction with M/s. Sri Adhikari Brothers Assets Holding Private Limited (Ordinary Resolution). Both resolutions were passed with overwhelming support — Resolution 1 received 1,00,03,502 votes in favour against just 6 votes against (99.9999%), while Resolution 2 received 1,00,03,507 votes in favour against 1 vote against (100%). Total votes polled were 1,00,03,508 out of 2,53,73,056 shares (about 39.43%), with the bulk coming from public non-institutional shareholders. The scrutinizer, CS Bhavesh Chheda, certified the process as fair and transparent.
Both resolutions passed decisively, signalling routine shareholder approval of board strengthening and a related-party transaction with a promoter-group entity. No negative governance signal — the company has formally inducted a new independent director and cleared a key related-party deal through a transparent e-voting process.