Sab Events & Governance Now Media Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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The company reported Q1 FY26 (quarter ended June 30, 2025) total income of Rs. 40.68 lakhs, up sharply from Rs. 15 lakhs in Q1 FY25 but lower than Rs. 57.01 lakhs in Q4 FY25. It posted a net loss of Rs. 24.30 lakhs (EPS of negative Rs. 0.23), slightly improved from Rs. 42 lakhs loss a year ago, while other equity remains deeply negative at Rs. (1,247.64) lakhs. The board approved initiation of the Pre-Packaged Insolvency Resolution Process (PPIRP) under the IBC, 2016 and appointed an Insolvency Professional as the Resolution Professional, citing that current liabilities are 4.82 times current assets and the company cannot service its debt. The authorized share capital was also proposed to be raised from Rs. 11.03 crore to Rs. 32 crore, subject to shareholder approval.
This is a deeply negative development for shareholders — the company is formally entering insolvency resolution, meaning existing equity could face dilution or write-down under the proposed resolution plan. The auditor has flagged a going concern uncertainty and a qualified review report, and the proposed capital increase signals a likely equity infusion as part of the revival process. Stock price is likely to remain under heavy pressure until the resolution plan is finalized.