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SABTNL Announces Postal Ballot for Share Split, Loan Conversion & Chairperson Appointment
Sri Adhikari Brothers Television Network Limited
January 12, 2026, 08:46 AM
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Sri Adhikari Brothers Television Network Limited (SABTNL) has issued a Postal Ballot Notice to its members seeking approval for several key corporate actions. The Board of Directors, in a meeting concluded on January 06, 2026, approved the notice for the shareholders' approval.
The primary resolutions include a proposal for the sub-division of equity shares from a face value of ₹10 per share to ₹1 per share. This move aims to enhance investor participation, increase liquidity, and make the shares more accessible to small investors. The authorized share capital will remain ₹111 crore, but the number of equity shares will increase from 11.10 crore to 111 crore. The paid-up share capital of ₹25.37 crore will be divided into 25,37,30,560 equity shares of ₹1 each.
Additionally, the company seeks approval for the alteration of the Capital Clause in its Memorandum of Association to reflect the share sub-division. Another significant proposal is to accept loans from the Promoter, Mr. Kurjibhai Premjibhai Rupareliya, up to an aggregate amount of ₹100 crore. These loans will carry an option for conversion into equity shares of the company under terms and conditions to be determined by the Board.
The company is also seeking approval for its borrowing powers, allowing the Board to borrow up to ₹500 crore from various financial institutions and other entities, secured by the company's assets. Lastly, the shareholders will vote on the appointment of Mr. Srivatsava Sunkara (DIN: 01725431) as the Chairperson of the company, effective January 06, 2026. He will continue to hold his position as Managing Director.
The postal ballot process will commence on Wednesday, January 14, 2026, at 9:00 a.m. and conclude on Thursday, February 12, 2026, at 5:00 p.m. Members will vote electronically through remote e-voting facilitated by NSDL.
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