Sab Events Board Approves ₹73.12 Crore Preferential Issue & Merger Related Share Issuance
Sab Events Board approved issuance of 12 lakh equity shares for ₹2.70 crore to promoter and 73 lakh equity shares for ₹16.425 crore to public category investors on preferential basis. It also approved 60 lakh convertible warrants for ₹13.50 crore. Additionally, 1.10 crore equity shares will be issued for amalgamation.
The preferential issuance of equity shares and warrants, along with the amalgamation, represents substantial capital infusion and structural changes, which are expected to have a significant impact on the company's financial position and future operations.
The announcement details significant fundraising and corporate restructuring activities, including preferential issuance of shares and warrants, and an amalgamation, which are generally positive for the company's financial health and strategic growth.
Sab Events & Governance Now Media Limited announced that its Board of Directors, in a meeting held on September 18, 2026, approved several key financial transactions pursuant to the Resolution Plan sanctioned by the Hon'ble National Company Law Tribunal (NCLT) on July 10, 2026.
The board approved the issuance of up to 12,00,000 equity shares at ₹22.50 each, totaling ₹2.70 crore, to Sri Adhikari Brothers Assets Holdings Private Limited (Promoter category) on a preferential basis. Additionally, up to 73,00,000 equity shares were approved for issuance at ₹22.50 each, amounting to ₹16.425 crore, to strategic investors under the public category on a preferential basis.
Furthermore, the company will issue up to 60,00,000 convertible warrants at ₹22.50 each, aggregating to ₹13.50 crore, to strategic investors. These warrants are convertible into equity shares within 18 months, with 25% of the issue price payable upon subscription and the balance 75% payable later.
The board also approved the issuance of 1,10,34,070 equity shares to the shareholders of Sri Adhikari Brothers Digital Network Private Limited as part of a Scheme of Amalgamation. This issuance follows a share exchange ratio of 436 equity shares of Sab Events for every 100 equity shares held in the transferor company.
The board meeting commenced at 05:30 P.M. and concluded at 07:30 P.M.
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Sab Events & Governance Now Media Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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