Aqylon Nexus accepts CFO resignation, notes share sale proposals

The Board of Directors of aqylon nexus convened on May 20, 2026, to address key corporate governance and strategic matters. During the meeting, the board accepted the resignation of Mr. Suresh Govind Khilari from the post of Chief Financial Officer (CFO). The resignation is effective from the close of business hours on May 20, 2026, due to personal reasons cited by the official.

Shareholding Proposals

In addition to the executive changes, the board acknowledged receipt of significant shareholding proposals. M/s E Trav Tech Limited submitted a proposal expressing its intention to sell 51% or more of the share capital. Similarly, M/s Rribada Films Private Limited also submitted a proposal to sell 51% or more of its shareholding in the company.

The company has indicated that it will make the requisite disclosures in accordance with Regulation 30(6) read with Para A(1) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures will be made upon the final decision of the Board of Directors regarding the proposals.

CFO Resignation Details

The departure of the CFO was formalized with immediate effect. The specific details regarding the cessation were provided in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The board has taken note of the resignation and will undertake the necessary steps to intimate the relevant statutory authorities and regulatory bodies.

Particulars	Details
Reason for Change	Resignation of Mr. Suresh Govind Khilari from the post of Chief Financial Officer (CFO) of the Company, with effect from close of business hours on 20 May 2026.
Date of Cessation	Close of business hours on 20 May 2026
Brief Profile	Not Applicable
Relationship Disclosure	Not Applicable

The meeting, which commenced at 05:00 P.M. and concluded at 05:25 P.M., was chaired to ensure all regulatory and procedural requirements were met following these developments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.95%	+9.16%	+29.81%	-54.54%	-89.32%	+38,462.50%

Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Network Limited, has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Wednesday, May 20, 2026. The intimation, dated May 13, 2026, was filed pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to deliberate on and approve key corporate matters. The primary agenda item involves a significant proposed corporate action, as detailed below.

Agenda Item:	Details
Meeting Date:	Wednesday, May 20, 2026
Intimation Date:	May 13, 2026
Primary Agenda:	Proposed acquisition/investment in a corporate entity
Key Action:	Consideration and approval of Term Sheet and related documents with the Target Company
Conditions:	Subject to applicable approvals, consents, and compliances under applicable laws
Additional Business:	Any other business with the permission of the Chairperson

Proposed Acquisition or Investment

The board will consider and approve the proposed acquisition or investment in a corporate entity. As part of this process, the board will also deliberate on the execution and signing of a Term Sheet and other related documents with the Target Company. The proposed transaction remains subject to such approvals, consents, and compliances as may be required under applicable laws.

Company Details

Aqylon Nexus Limited is registered at 6th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai - 400053. The intimation was signed by Srivatsava Sunkara, Managing Director (DIN: 01725431), on behalf of the company.