5400812026-07-115400812026-07-112026-07-11in-capmkt:CorporateInsolvencyResolutionProcessEvent1Member5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:PromoterAndPromoterGroupCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:PromoterAndPromoterGroupCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:PromoterAndPromoterGroupCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:PromoterAndPromoterGroupCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:PublicCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:PublicCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:PublicCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:PublicCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:OtherCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:OtherCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:OtherCategoryMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:OtherCategoryMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:ShareholdingMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PreShareholdingMemberin-capmkt:ShareholdingMember5400812026-07-112026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:ShareholdingMember5400812026-07-11in-capmkt:ApprovalOfResolutionPlanByTheTribunalMemberin-capmkt:PostShareholdingMemberin-capmkt:ShareholdingMemberxbrli:purexbrli:sharesSab Events & Governance Now Media LimitedSABEVENTSINE860T01019NewApproval or Rejection of Resolution plan by the Tribunal2026-07-11Approval of Resolution PlanCapital Reductiontrue2026-07-10The Net-worth of the Company as on March 31, 2026 was (241.33) Lakhs (Net-worth calculated as per the last Audited Financial Statements of the Company for the year ended March 31, 2026, has been considered for the purpose of this disclosure). The post-PPIRP net worth of the Corporate Debtor shall be ascertained after implementation of the approved Resolution Plan, as duly approved by the Hon’ble NCLT.The Total Assets of the Company as per its last Audited Financial Statements as on March 31, 2026 were Rs. 87.40 Lakhs. Pursuant to the approved Resolution Plan vide the aforementioned Order, the Company shall continue as a going concern. While the existing asset base of the Company will remain, pursuant to the implementation of the approved Resolution Plan, the assets of the Sri Adhikari Brothers Digital Network Private Limited (“Transferor Company”) will be recorded in the books of the Company in accordance with the manner and timeline approved under the Resolution Plan.As per the approved Resolution Plan, upon payment of the entire resolution amount in accordance with the implementation terms of the Approved Resolution Plan, the Financial Creditors shall release all the charges on all assets of the Company (wherever registered), in accordance with the approved Resolution Plan and related implementation documents.Based on the approved Resolution Plan, no other material liabilities have been imposed on the Company apart from those provided for under the approved Resolution Plan. The Company will discharge its obligations in accordance with the Resolution Plan, while any applicable statutory obligations and liabilities will continue to be governed and dealt with in accordance with applicable law.27712140.2643122340700.471677124970.7357137097040.52840000104837111259437741The approved Resolution Plan provides for infusion of funds by the Resolution Applicants and investors towards payment of PPIRP costs, settlement of operational creditors’ dues and resolution of the financial debt of creditors of Rs. 4,53,47,238/- (Rupees Four Crores Fifty-Three Lakhs Forty-Seven Thousand Two Hundred and Thirty- Eight only), in accordance with the implementation terms of the approved Resolution Plan. The sources of the funds to be infused in the Company is as follows: 1. Subscription by Sri Adhikari Brothers Assets Holding Private Limited to 12,00,000 Equity Shares of CD@ Rs. 22.50 per Equity Share Amounting to Rs. 2,70,00,000. 2. Equity infused by various unrelated Strategic and Financial Investors by subscribing to 1,33,00,000 Equity Shares/Convertible Warrants of CD @ Rs. 22.50 per Equity Share (at a fully diluted basis assuming all share warrants converted in to equity shares) Amounting to Rs. 29,92,50,000Apart from the obligations and implementation requirements contemplated under the approved Resolution Plan, no additional liability has been imposed on the incoming investors.The revised P/E, RONW and other ratios are not known at present, and will be able to be ascertained post-implementation of the approved Resolution Plan.As per the approved Resolution Plan, the proposed new promoters of the Corporate Debtor are the following entities: 1. Sri Adhikari Brothers Assets Holding Private Limited: History: Sri Adhikari Brothers Assets Holding Private Limited (“SAB Assets”) is a Company incorporated in 2007, is the asset-holding entity of the SAB Network - one of India’s pioneering and leading broadcasting networks. The company has played a pivotal role in the evolution of Indian media over the past four decades. SAB Assets is engaged in the business of manufacturing, marketing, and providing a wide range of goods and services, including but not limited to printed matter, stationery, periodicals, books, advertising, broadcasting, telecommunications, and the production of television and radio programmes. It envisions to operates multiple television channels in various regional languages across India and to maintain a strong digital presence on platforms like YouTube, Facebook, and Instagram.To revive of SAB Events as a going concern. Operations will merge with group media assets, unlocking content, distribution and cost synergies. Up to Rs. 30 crore infusion funds from various unrelated Strategic and Financial Investors for PPIRP costs, operational creditors dues and to settle the Rs. 4.53 crore financial debt on agreed terms. Former Promoter equity is cancelled in full, public shareholding reduced yet retaining value at 100:5 basis, and new shares issued to merger partners and the unrelated investor group, deleveraging the balance sheet while keeping the company listed on both stock exchanges Main Board. Names of natural persons in control: Mrs. Pavitra Patodia Adhikari and Mrs. Rubaina Ravi Adhikari. 2. Sri Tirupati Balaji Family Trust: History: Sri Tirupati Balaji Family Trust is an irrevocable, discretionary trust under the Indian Trusts Act, 1882, having its registered office at Plot No. 46, 5th Floor, 501, Sri Adhikari Villa, N. S. Road No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049. Names of natural persons in control: Mr. Kailasnath Adhikari. 3. Sri Mahakaal Family Trust: History: Sri Mahakaal Family Trust is an irrevocable, discretionary trust under the Indian Trusts Act, 1882, having its registered office at Plot No. 46, 2nd Floor, 201, Sri Adhikari Villa, N. S. Road No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049. Names of natural persons in control: Mr. Ravi Adhikari. Further, there are no new Key Managerial Personnel proposed to be appointed in terms of Resolution plan as on date of this disclosure.The business strategy under the approved Resolution Plan is to revive the Company as a going concern through capital infusion, operational integration and restructuring. The strategy includes leveraging operational synergies, shared content libraries, production facilities, technology platforms and talent resources, strengthening professional management and governance, improving operational efficiency and supporting sustainable long-term growth while continuing the Company's listing on the stock exchanges.