Markand Navnitlal Adhikari has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Markand Navnitlal Adhikari, on behalf of the Promoter and Promoters Group of Sab Events & Governance Now Media Limited, has filed a disclosure confirming that the promoter group along with Persons Acting in Concert (PACs) hold 27,71,214 equity shares as of March 31, 2026. Out of these, 15,28,100 equity shares (approximately 55.14% of promoter holding) are pledged. The disclosure confirms that no new encumbrances were created during FY 2025-26 beyond those already disclosed. The promoter group includes 7 entities/members including M/s. Prime Global Media Private Limited and M/s. Global Showbiz Private Limited.
A pledge ratio above 50% of promoter holding signals elevated risk for shareholders as pledged shares could be invoked by lenders if the promoters default, potentially affecting stock supply and control structure.