Sab Events & Governance Now Media Limited
SAB Events & Governance Now Media Limited is provides online news and information services.
What Sab files
- Others60
- Board Meeting16
- Updates13
- Important8
- Results2
- Dividend/Bonus1
SAB Events' Board seeks shareholder approval via postal ballot to appoint Anurag Mishra and Neha Kothari as independent directors for five-year terms, enhancing governance.
NCLT has admitted SAB Events & Governance Now Media's petition for a Pre-Packaged Insolvency Resolution Process. A Resolution Professional is appointed, and a moratorium halts legal actions and asset transfers. The company, owing 4.53 Cr to Moviestar, faces distress from a pandemic-hit MICE business.
SAB Events & Governance Now Media's 4.59% shareholder, Mr. Markand Adhikari, seeks reclassification from Promoter to Public category. He is no longer involved in company operations or management. This move could increase the public float, potentially making more shares available to investors.
SABEVENTS faces severe financial distress. Its board has approved initiating a Pre-Packaged Insolvency Resolution Process (PPIRP) and appointed a Resolution Professional, citing inability to service debt and 'going concern' issues. For the quarter ended June 30, the company reported a net loss of ₹0.24 Cr on income from operations of...
SAB Events reported a Q1 net loss of Rs. 0.24 Cr. Critically, the Board has initiated a Pre-Packaged Insolvency Resolution Process (PPIRP) under IBC, acknowledging an inability to service debt. Auditors also flagged "material uncertainty" regarding the company's ability to continue as a going concern, citing liabilities 4.82x current assets...