SABTNL Shareholders Approve MOA Amendments, Name Change, and Auditor Appointment via Postal Ballot
Sri Adhikari Brothers Television Network Limited (SABTNL) announced the successful passing of three resolutions through a postal ballot conducted via e-voting. The resolutions included amendments to C...
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Why is Sri Adhikari Brothers Television Network Limited in the news today?
Sri Adhikari Brothers Television Network Limited (SABTNL) is in the news due to the company successfully passed all proposed resolutions through postal ballot with a significant majority, indicating shareholder approval for important corporate actions.
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SABTNL Shareholders Approve MOA Amendments, Name Change, and Auditor Appointment via Postal Ballot
January 2, 2026, 04:10 PM
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Sri Adhikari Brothers Television Network Limited (SABTNL) announced the successful passing of three resolutions through a postal ballot conducted via e-voting. The resolutions included amendments to Clause III (A) of the Memorandum of Association (MOA), a change in the company's name with consequent alterations to the MOA and Articles of Association, and the appointment of a Statutory Auditor to fill a casual vacancy. The e-voting period commenced on December 3, 2025, at 9:00 AM IST and concluded on January 1, 2026, at 5:00 PM IST. A total of 24,363,497 votes were cast in favour of amending the MOA's object clause, with only 3 votes against. Similarly, the resolution to approve the company's name change and related MOA/AOA alterations saw 24,363,495 votes in favour and 4 against. The appointment of the Statutory Auditor also passed with 24,363,496 votes in favour and 3 against. The scrutinizer's report, submitted on January 2, 2026, confirmed that all resolutions were passed with the requisite majority. The results of the postal ballot are available on the company's website, www.adhikaribrothers.com.
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