Sab Events & Governance Now Media Limited has informed the Exchange regarding Notice of Postal Ballot
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SAB Events & Governance Now Media Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. Kailasnath Adhikari (DIN: 07009389) as Managing Director for a fresh 5-year term from July 1, 2025 to June 30, 2030. The re-appointment was approved by the Board on May 29, 2025 based on the recommendation of the Nomination and Remuneration Committee, and the Postal Ballot Notice was approved on July 21, 2025. Notably, the Managing Director will not draw any salary or remuneration, though he remains eligible for perquisites, allowances, and reimbursement of expenses. E-voting opens on July 23, 2025 at 9:00 a.m. and closes on August 21, 2025 at 5:00 p.m., with July 18, 2025 as the cut-off date. Mr. Kailasnath (35) is the son of former Chairman Markand Adhikari and belongs to the promoter family, with directorships in three other Adhikari group companies.
This is largely a procedural re-appointment of a promoter-family member without remuneration, so it is unlikely to materially affect stock price. Retail shareholders who wish to vote must use the NSDL e-voting platform between July 23 and August 21, 2025; results are expected within two working days after voting closes.