SAB Events NCLT Plan 2026: Merger, ₹32.63cr Funding

Key update and why it matters

SAB Events & Governance Now Media Limited (BSE: 540081 | NSE: SABEVENTS) has moved to implement a National Company Law Tribunal (NCLT) approved resolution plan under the pre-packaged insolvency resolution process (PPIRP). The company has announced a record date of August 5, 2026 for key corporate actions that reshape its equity structure, including a complete cancellation of promoter-held shares and a 100:5 consolidation affecting public shareholders.

These steps sit alongside a larger turnaround package that includes a ₹32.63 crore funding plan, settlement timelines for creditor dues, and a proposed amalgamation of Sri Adhikari Brothers Digital Network Private Limited into the listed entity. The developments are significant for investors because they directly change shareholding math, voting rights, and the post-plan capital structure.

What the board decided on record date

In a disclosure dated August 4, 2026 (15:50), the company said its Board of Directors fixed August 5, 2026 as the record date to implement corporate actions under the NCLT-sanctioned resolution plan. The actions called out include the complete cancellation of promoter-held equity shares and consolidation of public shareholder holdings in the ratio of 100:5.

The company also referenced that the board meeting held on July 25, 2026 approved the cancellation and extinguishment of all existing equity shares held by promoters, alongside a proportional reduction of public shareholder holdings. The most visible operational change for non-promoter investors is the consolidation: every 100 equity shares held by a public shareholder will be consolidated into five equity shares, as provided in the plan.

NCLT approval timeline and legal framework cited

The company disclosed that the NCLT, Mumbai Bench-I approved its resolution plan, with the order dated July 10, 2026. One update stated the order was uploaded on the tribunal’s website late on July 10, 2026, and another stated the resolution became effective on July 11, 2026. The company said it received the certified copy of the NCLT order on July 21, 2026.

The July 25, 2026 board meeting was scheduled to implement the plan approved under Section 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016. Another reference in the provided material describes the proceeding as approval of a PPIRP resolution plan under Section 54L, and notes that the plan would be binding on stakeholders, subject to statutory compliances.

Equity actions: promoter cancellation and public consolidation

Two equity actions are central to the plan as disclosed:

1. Promoter share cancellation: All promoter equity shares are to be cancelled. The provided material specifies that 1,04,83,711 promoter-held shares will be cancelled.

2. Public share reduction via consolidation (100:5): The plan provides for a reduction of existing public shareholding in a 100:5 ratio. Practically, for every 100 shares held by a public shareholder, the holding will become 5 shares, subject to the mechanics in the plan and corporate filings.

The company also stated a commitment to restore the minimum 25% public shareholding required by SEBI.

Funding package of ₹32.63 crore: structure and pricing

The resolution plan outlines a total funding plan of approximately ₹32.63 crore, with issuance pricing referenced as at least ₹22.50 per share. The split described is:

• Sri Adhikari Brothers Assets Holding Private Limited to subscribe to 12,00,000 shares at ≥ ₹22.50 each, for approximately ₹2.70 crore.
• External investors to take 1,33,00,000 shares/warrants at the same price, for approximately ₹29.93 crore.

These figures are presented in the provided material as part of the sanctioned revival path.

Creditor settlement: who gets paid and when

The plan’s settlement terms disclosed include:

• Operational creditors: 100% settlement of ₹0.294 crore (₹29.40 lakh) within 80 days.
• Financial creditor (Saturn Fund): payment of ₹2.00 crore within 90 days, stated to be about 44% of its ₹4.53 crore claim.

Separately, the material also notes that the plan resolves ₹4.53 crore of financial debt, aligning with the claim figure cited for Saturn Fund.

Proposed merger and name change: Sri Adhikari Brothers Digital Network

A scheme of amalgamation is included in the resolution plan. As disclosed, Sri Adhikari Brothers Digital Network Private Limited (SABDNPL) is proposed to merge into SAB Events & Governance Now Media Limited, subject to legal and regulatory processes under the Companies Act, 2013.

Post-merger, the company is proposed to be renamed “Sri Adhikari Brothers Digital Network Limited.” The plan also states a specific share exchange ratio for the amalgamation: shareholders of Sri Adhikari Brothers Digital Network will receive 436 equity shares of SAB Events for every 100 equity shares held in the former.

A separate update on the NCLT order also noted “first-motion” relief for the merger scheme by dispensing with shareholders’ and creditors’ meetings where permitted, while directing issuance of statutory notices to concerned authorities. It further stated that Sri Adhikari Brothers Digital Network would serve notice of the merger scheme on relevant statutory and regulatory authorities within 30 days.

Market reference: stock price snapshot

The provided material states that SABEVENTS stock price was ₹6.94 as of 9 Aug, 2026. This is a reference point for investors tracking the stock around the period of the corporate actions and PPIRP disclosures.

Timeline and key terms at a glance

Market impact: what changes for shareholders

The immediate, disclosed impact for public shareholders is the 100:5 consolidation, which reduces the number of shares held while keeping the action framed as a consolidation mechanism under the approved plan. Separately, the complete cancellation of promoter-held shares changes the promoter stake and voting structure, as those shares are extinguished.

On the balance-sheet and capital side, the plan’s ₹32.63 crore fund-raising and the stated creditor settlement schedule provide a defined framework for addressing liabilities and funding operations. The plan also explicitly states an intent to keep the company listed on the main boards of BSE and NSE, and to move ahead with the merger process under the Companies Act, 2013.

Why the sequence of disclosures matters

The disclosures outline a step-by-step sequence: CoC approval (100% voting share on February 6, 2026), NCLT sanction (order uploaded July 10, 2026), board action to implement (July 25, 2026), and record date for corporate actions (August 5, 2026). For investors, that sequence matters because corporate actions such as consolidation and cancellation are typically executed based on record date mechanics and subsequent exchange and depository processes.

The merger-related direction to serve notices within 30 days also indicates the next procedural step for the amalgamation, alongside the disclosed proposal to rename the listed entity after completion.

Conclusion

SAB Events & Governance Now Media Limited has laid out a clear implementation calendar for its NCLT-approved PPIRP resolution plan, including an August 5, 2026 record date for promoter-share cancellation and a 100:5 public share consolidation. The plan also includes a ₹32.63 crore funding package, creditor settlement commitments within 80 to 90 days, and a proposed merger of Sri Adhikari Brothers Digital Network Private Limited into the listed company with a 436:100 share exchange ratio. The next confirmed steps in the disclosures relate to executing the record-date corporate actions and progressing the merger procedure under the Companies Act, including statutory notices to authorities.