Announced Wed, 22 Jul · 17:21 IST
Board meet on July 25 to implement NCLT-approved resolution plan with 95% equity cut
SABEVENTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.5%1-day move
₹8.13
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.5-10.3-14.8———————
Up moveDown movePending
AI summary
The Board of SAB Events & Governance Now Media Ltd will meet on July 25, 2026 to implement a Resolution Plan approved by NCLT Mumbai on July 10, 2026 under IBC Sections 54L and 31. Key actions include cancellation of all promoter equity shares and reduction of public shareholders equity in the ratio 100:5, meaning public investors will retain only 5 shares for every 100 held. The company had gone through insolvency resolution proceedings.
Likely market impact
Severe dilution for public shareholders with 95% reduction in equity. Promoter shares to be fully cancelled. Major corporate restructuring.