Sri Adhikari Brothers Television Network Limited has successfully completed its postal ballot process for director appointments, with all five resolutions receiving overwhelming shareholder approval through remote e-voting conducted between December 2, 2025, and December 31, 2025.

Postal Ballot Results Overview

The company reported exceptional shareholder participation with 96.67% voter turnout from the total outstanding shares. Mr. Bhavesh Chheda, Proprietor of M/s. Bhavesh Chheda & Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process and submitted his report on January 2, 2026.

Director Appointment Resolutions

All five resolutions related to director appointments were passed with requisite majority, demonstrating strong shareholder confidence in the company's leadership structure.

Resolution 1: Managing Director Appointment (Ordinary Resolution)

The appointment of Mr. Srivatsava Sunkara (DIN: 01725431) as Managing Director & Key Managerial Person for a term of 5 years received approval with 24,527,934 votes in favor and only 32 votes against.

Resolution 2: Chairman Appointment (Ordinary Resolution)

The appointment of Mr. Kiran Kumar Inampudi (DIN: 01024343) as Executive Non-Independent Director and Chairman was approved with 24,527,933 votes in favor and 32 votes against.

Resolution 3-5: Independent Director Appointments (Special Resolutions)

Three Independent Director appointments were approved:

• Mr. Ramavath Suresh (DIN: 03366137) - 24,527,931 votes in favor, 34 against
• Mr. Sharath Kumar Rekhapalli Naga (DIN: 07541655) - 24,527,930 votes in favor, 35 against
• Mr. Sripal Reddy Molugu (DIN: 03642466) - 24,527,930 votes in favor, 35 against

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 110 and 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The company utilized National Securities Depository Limited (NSDL) services for the remote e-voting facility, ensuring transparent and secure voting process.

Managing Director Srivatsava Sunkara (DIN: 01725431) signed the official communication to stock exchanges on January 2, 2026, confirming the successful completion of all resolutions. The results have been made available on the company's website at www.adhikaribrothers.com as per regulatory requirements.

Sri Adhikari Bros. Tele Network , a company with a history in the television industry, has announced a significant strategic shift towards artificial intelligence (AI) and machine learning technologies. The company has issued a postal ballot notice seeking shareholder approval for several major changes, including a proposed name change to Aqylon Nexus Limited, reflecting its new focus on cutting-edge technologies.

Key Developments

Name Change and Business Pivot

• Proposed new name: Aqylon Nexus Limited
• Focus shift: AI and machine learning technologies
• Amendment of main business objectives to align with the new direction

Changes in Statutory Auditor

• Resignation accepted: M/s Hitesh Shah Associates
• New appointment: M/s. Bilimoria Mehta & Co.

Shareholder Approval Process

• Remote e-voting scheduled from December 3 to January 1

Previous Announcements

AI Green Data Centre Project

• Proposed setup: 50MW AI Green Data Centre Campus in Telangana
• Purpose: To support India's national AI ambitions and strengthen digital infrastructure

Withdrawal of Share Applications

• Withdrawn from BSE and NSE:
  • 1,50,00,000 equity shares
  • 6,80,20,000 convertible warrants

Financial Overview

The company's financial position, based on the latest balance sheet data, shows some concerning trends:

The financial data indicates a significant deterioration in the company's financial health over the past year. The negative total equity and substantial decrease in fixed assets are particularly noteworthy, potentially reflecting the challenges faced by the company in its traditional business model.

Analysis

The strategic pivot towards AI and machine learning, along with the proposed name change, suggests a radical transformation in Sri Adhikari Bros. Tele Network's business model. This move could be seen as an attempt to revitalize the company's prospects in the face of financial difficulties.

The proposed AI Green Data Centre in Telangana aligns with India's growing focus on digital infrastructure and AI capabilities. However, given the company's current financial position, the feasibility and funding of this ambitious project remain unclear.

The withdrawal of applications for equity shares and convertible warrants from stock exchanges might indicate a reassessment of the company's capital raising strategies in light of its new direction.

Investors and stakeholders should closely monitor how the company plans to finance its transition and new ventures, especially considering its current negative equity position. The success of this strategic shift will likely depend on the company's ability to secure funding, attract talent in the AI sector, and effectively execute its new business plan.

As Sri Adhikari Bros. Tele Network embarks on this transformative journey, it will be crucial to observe how it addresses its current financial challenges while pursuing opportunities in the rapidly evolving AI and machine learning sectors.