SAB Events & Governance Now Media Limited Publishes Claims List Under Pre-Packaged Insolvency Process

SAB Events & Governance Now Media Limited has entered into a pre-packaged insolvency resolution process (PIRP) as ordered by the National Company Law Tribunal (NCLT) Mumbai Bench. The company has disclosed its list of claims totaling Rs. 8,89,79,647 under the Pre-Packaged Insolvency Resolution Process (PPIRP) that commenced on November 11, 2025, following the NCLT Mumbai Bench order.

Key Details of the Insolvency Process

Commencement Date: The NCLT ordered the commencement of the PIRP on November 11, 2025.
Resolution Professional: Kedar Parshuram Mulye has been appointed as the Resolution Professional to oversee the process.
Registration Number: IBBI/IPA-001/IP-P-01365/2018-2019/12282

Claims Breakdown

The claims disclosed by the company include:

Creditor Type	Amount (Rs.)
Unsecured financial creditors	4,53,47,238
Other creditors	3,24,35,478
Various operational creditors (including employees, government dues, and professional service providers)	1,11,96,931

Process Timeline and Creditor Information

The company has taken steps to inform its creditors and set up a timeline for the insolvency process:

Public Announcement: As required by insolvency regulations, the company has issued public announcements to creditors.
Claims List: The list of claims has been made available as part of the PPIRP process.
Claim Submission: Creditors can submit their claims to the resolution professional.

Contact Information for Stakeholders

Interested parties and creditors can reach out to the Resolution Professional through the following channels:

Email: sabeventsppirp@gmail.com
Address: 1301, Chaitanya Residency, Jay Prakash Nagar, Road No. 2, Goregaon East, Mumbai Suburban, Maharashtra - 400063

Implications and Next Steps

The pre-packaged insolvency resolution process is a mechanism introduced in India to provide a quicker and more efficient resolution for companies facing financial distress. It allows for a pre-negotiated resolution plan between the company and its creditors, which can potentially lead to a faster turnaround.

As the process unfolds, stakeholders will be watching closely to see how SAB Events & Governance Now Media Limited navigates this challenging period. The outcome of this PPIRP could have implications not only for the company but also for the broader media sector in India.

Creditors, shareholders, and other interested parties are advised to stay informed about the developments and adhere to the timelines set for claim submissions and other procedural requirements.

The resolution of this process will be crucial in determining the future trajectory of SAB Events & Governance Now Media Limited and may serve as a case study for other companies considering similar resolution mechanisms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.90%	+10.00%	+33.02%	+47.17%	-55.80%	+680.00%

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:

Date	Event
November 11, 2025	Mr. Markand Navnitlal Adhikari requests reclassification
November 12, 2025	Board of Directors approves the reclassification request
November 15, 2025	Applications submitted to BSE and NSE

Next Steps

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

Await no-objection or approval from the stock exchanges (BSE and NSE).
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.