SAB Events & Governance Now Media Limited has taken a significant step in its pre-packaged insolvency resolution process by appointing two registered valuers, as mandated by the National Company Law Tribunal (NCLT), Mumbai Bench.

Key Appointments

The company has appointed two IBBI registered valuers:

1. Mr. Pijush Karmakar (IBBI Registration No.: IBBI/RV/06/2019/11909)
2. Mr. Jigar Pradipchandra Shah (IBBI Registration No.: IBBI/RV/06/2019/10657)

Purpose of Appointment

These valuers have been tasked with determining the Fair Value and Liquidation Value of the company in accordance with:

• The Insolvency and Bankruptcy Code, 2016
• The Pre-Packaged Insolvency Resolution Process (PPIRP) Regulations
• The Companies (Registered Valuers and Valuation) Rules, 2017

Timeline of Events

Company Details

SAB Events & Governance Now Media Limited is listed on the stock exchanges with the following details:

Insolvency Process Overview

The pre-packaged insolvency resolution process is a relatively new mechanism introduced in the Insolvency and Bankruptcy Code. It allows for a quicker, more cost-effective resolution of corporate insolvencies while attempting to preserve the company's operations.

Next Steps

Following the appointment of valuers, the company is expected to proceed with the subsequent stages of the pre-packaged insolvency resolution process. Stakeholders and investors should monitor further announcements for updates on the company's restructuring efforts.

The appointment of these valuers marks a crucial step in SAB Events & Governance Now Media's insolvency proceedings, as their valuation will play a significant role in determining the company's future course of action.

SAB Events & Governance Now Media Limited (SAB Events) has taken a significant step in its corporate structure by seeking approval for the reclassification of a key promoter's status. The company has submitted applications to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for this purpose.

Reclassification Details

The company is seeking approval to reclassify Mr. Markand Navnitlal Adhikari's status from the 'Promoter' category to the 'Public' category. This move comes following a request from Mr. Adhikari himself, dated November 11, 2025, which was approved by the company's Board of Directors on November 12, 2025.

Application Process

SAB Events has provided a detailed timeline of the reclassification process:

Next Steps

The company has outlined the following steps in the reclassification process:

1. Await no-objection or approval from the stock exchanges (BSE and NSE).
2. Upon receiving approval from the exchanges, seek shareholder approval.

SAB Events has emphasized that shareholder approval will be sought in accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications

This reclassification, if approved, could potentially alter the ownership structure of SAB Events & Governance Now Media Limited. However, the full implications of this change will only become clear once the reclassification process is complete and approved by all necessary parties.

Investors and market watchers will likely keep a close eye on this development, as changes in promoter categories can sometimes signal shifts in company control or strategy. However, it's important to note that at this stage, the reclassification is still pending approval from both the stock exchanges and the company's shareholders.

SAB Events & Governance Now Media Limited trades on both BSE and NSE. As always, investors are advised to conduct their own research and consider seeking professional advice before making investment decisions based on corporate actions such as this.