Sab Events & Governance Now Media Ltd. Approves Preferential Issue of Shares & Warrants Worth ₹43.42 Crore
Sab Events & Governance Now Media Ltd. approved a preferential issue of up to 12 lakh equity shares to promoter Sri Adhikari Brothers Assets Holdings for ₹2.70 crore. It will also issue up to 73 lakh equity shares for ₹16.425 crore and up to 60 lakh warrants for ₹13.50 crore to strategic investors. Additionally, 1.10 crore shares will be issued for an amalgamation.
The preferential issuance of a substantial number of equity shares and warrants, along with an amalgamation, will significantly alter the company's capital structure and ownership, impacting its financial standing and future operations.
The company is undertaking significant fundraising and restructuring activities, including equity issuance and amalgamation, which are generally positive steps for future growth and financial health.
Sab Events & Governance Now Media Limited announced the outcome of its Board Meeting held on September 18, 2026. The Board approved the issuance of equity shares and convertible warrants on a preferential basis, pursuant to the Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench.
The company will issue up to 12,00,000 equity shares at ₹22.50 per share, amounting to ₹2.70 crore, to Sri Adhikari Brothers Assets Holdings Private Limited (Promoter). Additionally, up to 73,00,000 equity shares at ₹22.50 per share, totaling ₹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 per warrant, amounting to ₹13.50 crore, to strategic investors. 25% of the warrant issue price is payable at subscription, with the balance payable within 18 months.
The company 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 the Scheme of Amalgamation, based on a share exchange ratio of 436 equity shares of Sab Events for every 100 held in the transferor company.
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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