Post -Facto Intimation of 02nd Meeting of the Committee of Creditors of Sab Events & Governance Now Media Limited in its ongoing Pre-packaged Insolvency Resolution Process ("PPIRP")
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Awaiting price reaction for this filing.
Sab Events & Governance Now Media Limited has informed the stock exchange about the 2nd meeting of its Committee of Creditors (CoC) held as part of its ongoing Pre-packaged Insolvency Resolution Process (PPIRP). The intimation is being made after the fact (post-facto), meaning the meeting has already taken place. The company is navigating the insolvency resolution framework under the Insolvency and Bankruptcy Code, with creditors evaluating revival options. No resolution plan approval or specific financial numbers have been disclosed in this filing.
The stock remains under insolvency stress and is likely to stay volatile; shareholders face significant risk of dilution or writedown depending on the resolution plan that ultimately emerges from the CoC process.