SAB Events fixes Aug 5 record date for capital cut

Board clears corporate actions under NCLT resolution plan

SAB Events & Governance Now Media Ltd has announced the outcome of a board meeting where directors approved corporate actions to implement a Resolution Plan. The plan was approved by the Hon'ble National Company Law Tribunal (NCLT). The company said the implementation includes a reduction of its existing equity share capital.

The disclosure also links the corporate action to the company’s pre-packaged insolvency resolution process (PPIRP). The company stated it has received a certified true copy of the NCLT order approving the resolution plan.

What changes for promoter and public shareholding

As part of the capital reduction, the company will cancel and extinguish the existing equity shares held by promoters. Separately, equity shares held by public shareholders will be reduced.

The company specified the reduction ratio for public shareholders as 100:5. This means that for every 100 equity shares held by a public shareholder, the holding will be reduced to 5 equity shares after the corporate action, based on the entitlement determined on the record date.

Record date fixed: August 5, 2026

SAB Events & Governance Now Media Ltd fixed August 5, 2026 as the record date for determining the entitlement of public shareholders for giving effect to the equity capital reduction. The record date is the cut-off used to identify eligible shareholders whose holdings will be adjusted.

The company’s communication indicates that the record date is specifically tied to the reduction process approved under the resolution plan. Shareholders typically need to track such dates because holdings reflected in their demat accounts on the record date determine the post-action entitlement.

Timeline: NCLT order and board meeting schedule

The company informed BSE that a meeting of its Board of Directors was scheduled on 25/07/2026 to consider and approve implementation matters under the resolution plan. The plan was approved by NCLT through an order dated July 10, 2026, as referenced in the company’s disclosure.

The disclosures therefore establish a sequence: the NCLT approval (July 10, 2026), followed by board consideration and approval for implementation (board meeting scheduled for July 25, 2026), and then a record date (August 5, 2026) for executing the reduction for public shareholders.

PPIRP context cited in the disclosures

The company’s filings mention that the NCLT approved the resolution plan for the company’s pre-packaged insolvency resolution process (PPIRP). It also stated that it has received a certified true copy of the NCLT order.

While the filing focuses on the corporate action mechanics, the PPIRP reference is important context because capital restructurings, including cancellations and reductions, are often part of resolution plan implementation steps.

Earlier board agenda also referenced PPIRP initiation

The company’s event calendar and board meeting history included an earlier board meeting agenda dated 14/08/2025. In that agenda, SAB Events & Governance Now Media Ltd stated it would consider and approve the proposal for initiation of PPIRP under the Insolvency and Bankruptcy Code, 2016, and consider the name of the Insolvency Professional to be appointed as Resolution Professional.

The same meeting agenda also mentioned considering an increase in authorised share capital and related alteration to the capital clause of the Memorandum of Association, along with quarterly results approval for the quarter ended June 30, 2025.

Key facts table

Market context: what investors should track

The company’s disclosure is primarily a corporate action update rather than an earnings announcement. For market participants, the key actionable detail is the record date, because equity holdings as of August 5, 2026 will determine the reduction entitlement for public shareholders.

The provided data snapshot listed the company’s current price as ₹8.33. The same material also contained a separate price line that showed ₹6.00 as a “close price” on 26 Aug, without a year clearly indicated in the excerpt. These figures are presented as they appear in the supplied text and should be cross-checked with the exchange quote page for the relevant date.

Company identifiers and investor contact points

The disclosure set also included corporate and contact information for SAB Events & Governance Now Media Ltd. The registered office is listed as 7th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai 400053, and the website is www.governancenow.com.

It also named MUFG Intime India Private Limited as Registrar & Share Transfer Agent, with an address at C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai 400083, and provided contact details in the same material. Investors typically rely on the RTA for corporate action-related queries, including credit of revised share entitlements after such actions.

Conclusion

SAB Events & Governance Now Media Ltd has set August 5, 2026 as the record date to implement an NCLT-approved resolution plan involving promoter share cancellation and a 100:5 reduction for public shareholders. The implementation was approved by the board as part of corporate actions tied to the resolution plan. The next practical step for investors is to monitor exchange notices and demat account updates around the record date and subsequent corporate action execution timelines communicated by the company and exchanges.