Sab Events & Governance Now Media Approves Equity Share and Warrant Issuance for ₹46.125 Crore
Sab Events & Governance Now Media Limited's Board approved issuing equity shares and convertible warrants worth ₹46.125 crore. This includes ₹2.70 crore to a promoter, ₹16.425 crore to public strategic investors via equity, and ₹13.50 crore via warrants. An additional 1,10,34,070 shares will be issued as part of an amalgamation scheme.
The issuance of a substantial number of equity shares and warrants, alongside an amalgamation, will significantly alter the company's capital structure and ownership, impacting existing shareholders and its financial standing.
The company is undertaking significant fundraising and restructuring activities, which are positive steps following the NCLT-approved resolution plan, indicating a path towards financial recovery and operational continuity.
Sab Events & Governance Now Media Limited announced the outcome of its Board Meeting held on September 18, 2026. The Board approved several key financial transactions following the Resolution Plan sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, via its order dated July 10, 2026.
The company will issue up to 12,00,000 equity shares at ₹22.50 each, totaling ₹2.70 crore, to Sri Adhikari Brothers Assets Holdings Private Limited on a preferential basis. Additionally, up to 73,00,000 equity shares at the same price, amounting to ₹16.425 crore, will be issued to strategic investors in the public category.
Furthermore, the Board approved the issuance of up to 60,00,000 convertible warrants at ₹22.50 each, aggregating ₹13.50 crore, to strategic investors. 25% of the warrant issue price is payable upon subscription, with the remaining 75% due within 18 months.
In connection with the approved Resolution Plan, the company will also issue 1,10,34,070 equity shares to the shareholders of Sri Adhikari Brothers Digital Network Private Limited as per a specified share exchange ratio.
The Board Meeting commenced at 5:30 PM and concluded at 7:30 PM on September 18, 2026.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Sab Events & Governance Now Media Limited. Read the original for the full detail.