SAB Events & Governance Now Media Limited received a 45-day extension from the Registrar of Companies (ROC) Mumbai-I to convene its Annual General Meeting (AGM) for FY26. The regulatory order, dated August 24, 2026, allows the company to hold the meeting beyond the statutory deadline of September 30, 2026.

Regulatory Approval Details

The ROC granted the extension under Section 96(1) of the Companies Act, 2013, following an application filed by the company on August 7, 2026. The approval acknowledges that while extant law did not prevent holding the AGM on time, the company faced procedural difficulties.

The regulator noted that substantial steps had already been taken following an earlier National Company Law Tribunal (NCLT) order. Consequently, the ROC deemed a 1 month and 15 days extension appropriate given the circumstances.

Compliance Advisory

In its order, the ROC advised the company to exercise greater care in future compliance with the provisions of the Companies Act, 2013. The company must now convene the AGM within the extended period approved by the regulator.

Next Steps

SAB Events intimated the stock exchanges on August 25, 2026, regarding the extension. The specific date for the AGM will be communicated in due course, subject to Board approval. The company has cited Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in its disclosure to the exchanges.

SAB Events & Governance Now Media Limited reported a narrowed standalone loss of ₹18.85 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹24.30 lakh in the corresponding period of FY25. Revenue from operations rose 11.5% year-on-year to ₹45.37 lakh, up from ₹40.68 lakh in Q1FY26.

The company operates in a single segment comprising Digital Media Websites and MICE (Meetings, Incentives, Conferences, and Exhibitions). While revenue improved, total expenditure stood at ₹64.28 lakh, driven primarily by employee benefit expenses of ₹21.77 lakh and other expenses of ₹28.23 lakh. Depreciation and amortization expenses dropped significantly to ₹0.19 lakh from ₹20.04 lakh in the prior year quarter.

Regulatory and Insolvency Updates

The National Company Law Tribunal (NCLT), Mumbai Bench, approved the company's Resolution Plan under Section 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016, on July 10, 2026. The company had initiated the Pre-Packaged Insolvency Resolution Process (PPIRP) under Section 54C of the IBC. Implementation of the plan, including capital restructuring, is currently in progress.

Auditor Qualifications and Going Concern Risks

Statutory auditors P. Parikh & Associates issued a qualified review report, highlighting material uncertainties regarding the company's ability to continue as a going concern. Key concerns include:

• Current liabilities are 4.04 times current assets.
• Negative total equity of ₹260.18 lakh as on June 30, 2026.
• Inability to service debt obligations.

The auditors noted a discrepancy in unsecured lender claims. An outstanding claim of ₹453.47 lakh was received during the PPIRP, while the books reflect only ₹199.71 lakh as on June 30, 2026. The difference of ₹253.76 lakh represents unaccounted interest for current and previous financial years, leading to understated finance costs and liabilities.

What the Numbers Show

Despite the 11.5% increase in revenue, the company recorded a higher absolute loss compared to the immediate preceding quarter (Q4FY26 loss of ₹17.07 lakh vs Q1FY27 loss of ₹18.85 lakh). This divergence suggests that operational cost pressures, particularly in employee benefits and other expenses, outpaced the top-line growth in the current quarter. Additionally, the significant drop in depreciation expenses (from ₹20.04 lakh to ₹0.19 lakh) indicates potential changes in asset accounting or disposals, though this did not translate into profitability due to high operating expenditures.