Board approves AGM extension and inter-corporate loan
SABEVENTS · price
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SAB Events & Governance Now Media's Board on July 31, 2026 approved seeking an extension from the Registrar of Companies to hold its 13th AGM, as the company is still implementing corporate actions under an NCLT-approved Resolution Plan, including capital reduction, freezing the existing ISIN, allotting post-reduction shares, and activating a new ISIN. The Board also approved taking an inter-corporate loan from the Resolution Applicant, permitted under the Resolution Plan approved by the NCLT Mumbai Bench on July 10, 2026.
Procedural update. AGM delay reflects ongoing resolution process. Loan from resolution applicant signals new promoter funding. Watch for capital changes.