Sab Events & Governance Now Media Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
SABEVENTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The 12th AGM of SAB Events & Governance Now Media Limited was held on September 25, 2025, via video conferencing from 11:05 AM to 11:33 AM, with 50 members present and 7 authorized body-corporate representations covering 39,51,015 equity shares (28.25% of paid-up capital). Ordinary business items included adoption of the FY2024-25 audited financial statements and the re-appointment of Mrs. Latasha Jadhav as Non-Executive Director (retiring by rotation). Under special business, members considered the appointment of M/s. HRU & Associates as Secretarial Auditors for 5 years, an increase in authorized share capital with corresponding amendment to the MoA, and the appointment of Mr. Kedar Parshuram Mulye as Resolution Professional. Most notably, a Special Resolution was tabled to approve the initiation of a Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code, 2016. Voting results are to be declared within two working days.
The tabling of a Special Resolution to initiate a Pre-Packaged Insolvency Resolution Process under the IBC is a major red flag suggesting serious financial stress, and is likely to weigh negatively on the stock. The authorized capital increase and Resolution Professional appointment are consequential and may pave the way for restructuring, debt conversion or dilution that existing shareholders should watch closely once voting results are announced.