Sab Events & Governance Now Media Limited has informed the Exchange about Corporate Insolvency Resolution Process
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The company has notified exchanges about the 5th meeting of its Committee of Creditors (CoC) scheduled for April 28, 2026. This meeting is part of the ongoing Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code, 2016. The agenda includes discussing an affidavit submitted by the Resolution Professional regarding the eligibility of a Resolution Applicant. The NCLT had issued directions on April 21, 2026, relating to this matter. The company is being managed under the IBC framework with Resolution Professional oversight.
The stock is under significant stress as the company operates under formal insolvency proceedings. Creditors are evaluating resolution plans, and any approved plan could result in significant dilution or change of ownership for existing shareholders.