SAB Events & Governance Now Media Limited: NCLT Approves Resolution Plan, Merger Planned
Sab Events & Governance Now Media Limited's Resolution Plan has been approved by the NCLT. The plan involves a merger with SABDNPL and a capital infusion of ₹32.63 crore. Operational creditors will be paid in full, and financial creditors will receive agreed consideration. The company will be renamed.
The approval of a resolution plan under the IBC and the subsequent merger are significant corporate actions that will fundamentally alter the company's structure, operations, and financial standing.
The NCLT approval of the Resolution Plan and the proposed merger is a positive development, indicating a path towards revival and financial restructuring for the company.
Sab Events & Governance Now Media Limited has received the Certified True Copy of the Order dated July 10, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. This order approves the Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (IBC), for the company's Pre-Packaged Insolvency Resolution Process (PPIRP), which was initiated on October 17, 2025.
The approved Resolution Plan involves a consortium of Sri Adhikari Brothers Assets Holding Private Limited (SABAHPL) and Sri Adhikari Brothers Digital Network Private Limited (SABDNPL) as the Resolution Applicants. A key component of the plan is the amalgamation of SABDNPL with Sab Events & Governance Now Media Limited. This merger aims to consolidate operations, create business synergies, optimize resources, and ensure long-term financial sustainability.
The plan includes the cancellation of existing promoter equity without consideration, a reduction of public shareholding to a 100:5 ratio, and a nominal equity infusion by SABAHPL. Additionally, unrelated strategic and financial investors will infuse capital through equity shares and/or convertible warrants. The financial creditors will receive agreed consideration from fresh capital infusion, and operational creditors will be paid in full. The total proposed sources of funds amount to ₹32,62,50,000. The Resolution Plan also outlines the payment of PPIRP costs and operational creditors within 30 and 80 days, respectively, from the NCLT Order Date, and unsecured financial creditors within 90 days. Upon NCLT approval, the merged entity will be renamed "Sri Adhikari Brothers Digital Network Limited."
What to do with a filing like this
Sab Events & Governance Now Media Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. 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.