Sri Adhikari Brothers Television Network Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/06/2025 ,inter alia, to consider and approve 1. ....
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Sri Adhikari Brothers Television Network Ltd (SABTNL) has informed BSE that its Board of Directors will meet on June 14, 2025. Key items on the agenda include: (1) increasing the Authorised Share Capital of the Company, (2) considering raising of funds through issuance of equity shares, convertible bonds, debentures, convertible warrants, preference shares or other equity-linked securities via private placement, preferential issue, or Qualified Institutions Placement (QIP), and (3) approving the draft notice for an Extra-Ordinary General Meeting (EGM). No specific size, price, or quantum of the proposed capital raise has been disclosed yet.
This signals potential equity dilution for existing shareholders as the company explores fresh fundraising. Investors should watch for the EGM outcome and further disclosures on pricing, size, and mode of the proposed issue, as preferential allotments and QIPs typically come at a discount to market price.