Massive 95% capital reduction for public shareholders under IBC resolution plan
SABEVENTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SAB Events & Governance's board fixed August 5, 2026 as the record date for a steep capital reduction under an NCLT-approved Resolution Plan (IBC). Promoter shares will be fully cancelled and extinguished. Public shareholders face a 100:5 reduction, meaning every 100 shares held will be cut to just 5 shares, a 95% reduction in holdings. This stems from an NCLT order dated July 10, 2026 passed under Sections 54K(12) and 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016.
Existing public shareholders will lose 95% of their share count as 100 reduce to 5. Severe value erosion likely; investors should seek clarification from the company.