Aqylon Nexus Limited reshuffled its key leadership and audit roles during a Board meeting held on August 4, 2026. The Board appointed Vishnu Deepakbhai Rupareliya as an Additional Executive (Non-Independent) Director and Bhavin Sanjaybhai Sanghani as Chief Financial Officer (CFO), effective immediately. These appointments aim to strengthen the company’s governance and financial management capabilities. The Board also addressed a change in its secretarial audit function, accepting the resignation of Ms. Krina Gokulkumar Shah and appointing M/s Pooja M Patel & Associates as the new Secretarial Auditor for Financial Year 2026-27.

The appointment of Mr. Rupareliya is subject to regulatory approvals and ratification by shareholders at the ensuing General Meeting. A mechanical engineering graduate with experience in operations and leadership, he holds no shares in the company and has no relationship with existing directors. Mr. Sanghani, a commerce graduate with over four years of experience in accounting, finance, and taxation, was appointed as CFO effective August 4, 2026. He also holds no shares in the company and is unrelated to any directors or promoters.

In compliance with Section 138 of the Companies Act, 2013, the Board appointed M/s Lakshita Bhandari & Co, Chartered Accountants (FRN: 159885W), as Internal Auditor for Financial Year 2026-27. The firm, led by Proprietor Lakshita Bhandari, brings over 12 years of professional experience in audit and taxation. The appointment aligns with Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The Board noted the resignation of Secretarial Auditor Ms. Krina Gokulkumar Shah, who tendered her resignation on August 4, 2026, citing personal reasons. Her resignation covers the period from Financial Year 2026-27 onwards. To fill the casual vacancy, the Board approved the appointment of M/s Pooja M Patel & Associates, Practicing Company Secretary, as Secretarial Auditor for Financial Year 2026-27. This appointment requires shareholder approval at the upcoming General Meeting.

Key Appointments and Resignations

The meeting commenced at 2:00 PM and concluded at 2:20 PM. All disclosures were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leading Leasing Finance and Investment Company Limited has sold 1,47,27,668 equity shares of aqylon nexus , reducing its stake in the media company from 13.04% to 7.24%. The open market transaction, executed on July 30, 2026, represents a significant reduction in exposure for the leasing firm, which is not part of Aqylon Nexus’s promoter group. This move alters the shareholder structure of Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Networks Limited.

The disposal was disclosed to BSE Limited and the National Stock Exchange of India Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Leading Leasing submitted the filing on July 31, 2026, confirming that the shares were sold via open market mechanisms rather than off-market transfers or preferential allotments. The total equity share capital of Aqylon Nexus remained unchanged at 25,37,30,560 equity shares of ₹1 each before and after the transaction.

Transaction Details

Prior to this sale, Leading Leasing held 3,30,92,551 shares carrying voting rights, representing 13.04% of the total share capital and 13.04% of the diluted voting capital. Following the disposal, its holding stands at 1,83,64,883 shares, which accounts for 7.24% of both the total and diluted voting capital. The company reported no changes in encumbrances, pledges, or other instruments entitling it to receive additional shares during this period.

What the Numbers Show

The reduction of 5.80% in a single open market transaction indicates a decisive exit strategy or portfolio rebalancing by Leading Leasing. With the stake dropping below the 10% threshold often associated with substantial acquisition disclosures for further increases, the immediate regulatory pressure for future buybacks is reduced. However, retaining a 7.24% stake suggests Leading Leasing may still view Aqylon Nexus as a long-term investment, albeit with reduced concentration risk. The unchanged diluted capital confirms that no convertible securities were exercised or issued during this period, isolating the change purely to equity trading activity.