Sab Events & Governance Now Media Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025. Further, the company has informed the Exchange regarding voting results.
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SAB Events & Governance Now Media Limited held its 12th Annual General Meeting on September 25, 2025 via video conferencing, and six resolutions were put to vote. All resolutions passed with overwhelming support — over 99.98% of the 3,937,228 votes polled were in favour, with only 541-547 votes against any resolution. Key items approved included FY25 audited financial statements, re-appointment of Non-Executive Director Mrs. Latasha Jadhav, appointment of M/s HRU & Associates as Secretarial Auditor for 5 years, and an increase in authorised share capital. Notably, shareholders also approved a Special Resolution to initiate the Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code, 2016, along with the appointment of Mr. Kedar Parshuram Mulye as Resolution Professional. Only about 37.55% of total outstanding shares participated in the voting.
The approval of the Pre-Packaged Insolvency Resolution Process is a significant red flag indicating the company is likely in financial distress and is seeking a formal debt-resolution route. This is materially negative for equity shareholders, as PPIRP proceedings can lead to dilution, restructuring, or even liquidation. Existing shareholders should closely monitor further disclosures from the company and the appointed Resolution Professional.