SAB Events & Governance Now Media Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2025 ,inter alia, to consider and approve 1. To consider ....
SABEVENTS · price
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Awaiting price reaction for this filing.
The board of SAB Events & Governance Now Media Ltd will meet on August 14, 2025 to consider four key items. First, it will approve the un-audited financial results for the quarter ended June 30, 2025 (Q1 FY26). Second, it will consider increasing the company's authorised share capital and amending the Capital Clause of the Memorandum of Association. Third — and most significant — the board will consider initiating a Pre-Packaged Insolvency Resolution Process (PPIRP) under the Insolvency and Bankruptcy Code, 2016, and authorise a director to file the application with NCLT. Fourth, it will finalise the name and terms of appointment of the Insolvency Professional to act as Resolution Professional. The trading window for insiders is already closed since July 1, 2025 and will reopen 48 hours after the Q1 results are declared.
This is a major negative signal for shareholders — the company is actively contemplating an insolvency resolution process, indicating serious financial distress. Expect sharp negative stock price reaction and heightened risk if PPIRP is approved on August 14.