We hereby inform you that an Extra-Ordinary General Meeting of the Company is proposed to be held on Monday, 14th July, 2025 at 02:30 PM (IST) through Video Conferencing ( VC ) / Other Audio Visual Means ( OAVM ) facility to transact the following special business(es):S.N. Businesses1. Increase in authorised share capital of the Company from Rs. 48.50 Crores to Rs. 111.00 Crores2. Issue of 1,50,00,000 Equity Shares on Preferential Basis3. Issue of 6,80,20,000 Convertible Warrants on Preferential BasisThe Company has provided the facility to vote by electronic means (remote e-voting as well as e-voting at the EGM) on the resolutions as set out in the EGM Notice. The e-voting shall commence on Friday, 11th July, 2025 at 09:00 a.m. (IST) and shall end on Sunday, 13th July, 2025 at 05:00 p.m. (IST).As per the Captioned Subject, we hereby submitting the notice of Extra-Ordinary General Meeting of the Company.
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Sri Adhikari Brothers Television Network Limited (BSE: 530943, NSE: SABTNL) has called an Extra-Ordinary General Meeting on July 14, 2025 at 2:30 PM via video conferencing. Three special businesses will be tabled: (1) increasing authorised share capital from Rs. 48.50 crore to Rs. 111 crore, (2) issuing 1.5 crore equity shares on a preferential basis at Rs. 10 per share (Rs. 15 crore) to Mr. Kurjibhai Premjibhai Rupareliya, who will be classified as the new promoter and will acquire control via a mandatory SEBI open offer, and (3) issuing 6.80 crore convertible warrants on a preferential basis at Rs. 10 per warrant (Rs. 68.02 crore) to 107 non-promoter allottees, with 25% payable upfront and 75% on conversion within 18 months. Combined potential capital raise is around Rs. 83 crore. Remote e-voting runs from July 11 to July 13, 2025.
This signals a major change of control, with a new promoter taking over the company and triggering an open offer for existing shareholders. Existing shareholders will face significant equity dilution once the preferential shares and warrants are allotted, though fresh capital of up to Rs. 83 crore could strengthen the balance sheet. The stock is likely to see high volatility around the EGM and open offer process.