Aqylon Nexus Limited Schedules Board Meeting on May 20, 2026 to Consider Acquisition or Investment

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.86%	+10.01%	+18.77%	-42.66%	-90.73%	+31,155.55%

Promoter Kurjibhai Premjibhai Rupareliya has disclosed the sale of shares in Aqylon Nexus Limited (formerly known as Sri Adhikari Brothers Television Networks Limited) through an open market transaction. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was submitted to both BSE Limited and the National Stock Exchange of India Limited.

Details of the Share Disposal

The transaction was executed on 07-05-2026, with Kurjibhai Premjibhai Rupareliya selling 50,88,883 equity shares, equivalent to 2.00% of the total share and voting capital of Aqylon Nexus. The mode of sale was through the open market. The equity share capital of the company remained unchanged at 25,37,30,560 equity shares of Rs. 1/- each both before and after the transaction.

The table below summarises the key details of the disposal:

Parameter:	Details
Shares Sold:	50,88,883
% of Total Share/Voting Capital:	2.00%
% of Total Diluted Share/Voting Capital:	2.00%
Mode of Sale:	Open Market
Date of Sale:	07-05-2026
Total Equity Share Capital (Before & After):	25,37,30,560 Equity Shares of Rs. 1/- each

Shareholding Before and After the Disposal

Prior to the sale, Kurjibhai Premjibhai Rupareliya held 10,78,15,762 shares carrying voting rights, representing 42.49% of the total share capital. Additionally, 2,90,00,000 shares (11.43%) were held in the nature of encumbrance. His aggregate holding, including encumbered shares, stood at 13,68,15,762 shares or 53.92% of the total share and voting capital.

Following the disposal, his direct shareholding carrying voting rights declined to 10,27,26,879 shares, or 40.49%. The encumbered shareholding remained unchanged at 2,90,00,000 shares (11.43%), bringing his total post-disposal holding to 13,17,26,879 shares or 51.92% of the total share and voting capital.

The table below provides a comparative view of the promoter's shareholding:

Metric:	Before Disposal	After Disposal
Shares Carrying Voting Rights:	10,78,15,762 (42.49%)	10,27,26,879 (40.49%)
Encumbered Shares:	2,90,00,000 (11.43%)	2,90,00,000 (11.43%)
Voting Rights Otherwise Than by Shares:	NIL	NIL
Warrants/Convertible Securities:	NIL	NIL
Total Holding:	13,68,15,762 (53.92%)	13,17,26,879 (51.92%)

Regulatory Disclosure

The disclosure was filed by Kurjibhai Premjibhai Rupareliya, who is identified as belonging to the promoter/promoter group of Aqylon Nexus. The filing was addressed to the Manager – CRD at BSE Limited and the Manager – Listing at the National Stock Exchange of India Limited, in compliance with the applicable SEBI takeover regulations. No voting rights otherwise than by shares, and no warrants or convertible securities, were involved in the transaction.