SAB Events & Governance Now Media Limited has approved a large capital restructuring under its NCLT-approved resolution plan. The board cleared the issue of 85 lakh equity shares, 60 lakh convertible warrants and 1,10,34,070 equity shares under an amalgamation with Sri Adhikari Brothers Digital Network Private Limited. The move significantly reshapes the company's capital structure and ownership while advancing its approved resolution process.
SAB Events & Governance Now Media Approves Major Capital Restructuring
Equity shares approved: 1,95,34,070 shares across preferential issue and amalgamation.
Fund raising: ₹32.625 crore through equity shares and convertible warrants.
Reader Takeaway: Resolution plan progresses; future warrant conversion remains a dilution watch.
What just happened
SAB Events & Governance Now Media Limited has approved a comprehensive capital restructuring as part of the resolution plan sanctioned by the National Company Law Tribunal (NCLT) on July 10, 2026.
The board approved preferential issuance of equity shares, convertible warrants and fresh equity shares to implement an amalgamation with Sri Adhikari Brothers Digital Network Private Limited.
Why this matters
The transaction substantially changes the company's equity base and ownership structure.
It also marks a key implementation milestone under the NCLT-approved resolution process, providing fresh capital and facilitating the proposed merger.
What has been approved
The board approved:
- 12,00,000 equity shares to promoter category investors for ₹2.70 crore.
- 73,00,000 equity shares to public investors for ₹16.425 crore.
- 60,00,000 convertible warrants to public investors for ₹13.50 crore.
- 1,10,34,070 equity shares to shareholders of Sri Adhikari Brothers Digital Network Private Limited under the amalgamation.
The preferential equity shares are priced at ₹22.50 per share, comprising a face value of ₹10 and a premium of ₹12.50.
The warrants are also priced at ₹22.50 each. Investors will pay 25% upfront, while the remaining 75% is payable within 18 months. Each warrant is convertible into one equity share.
Amalgamation details
The merger will be implemented through a share exchange ratio of 436 equity shares of SAB Events & Governance Now Media Limited for every 100 shares held in Sri Adhikari Brothers Digital Network Private Limited.
Following completion of the approved issuances, the company will have 1,95,34,070 newly issued equity shares across the approved categories.
The filing states that promoter and promoter group shareholding will stand at 61.43%, while public shareholding will be 36.65% on a non-fully diluted basis.
Risks to watch
Investors should monitor the timing of warrant conversion, since the 60 lakh warrants can increase the equity base in the future.
Progress of the amalgamation and completion of the remaining regulatory and procedural steps under the NCLT-approved resolution will also remain important.
What to track next
Key milestones include completion of allotments, implementation of the amalgamation, warrant conversion over the next 18 months and the operational performance of the combined business after restructuring.