Sri Adhikari Brothers Television Network Completes Director Appointments
Sri Adhikari Brothers Television Network Limited successfully concluded its postal ballot process with exceptional 96.67% shareholder participation, approving five key director appointments including Managing Director Srivatsava Sunkara and four other directors. All resolutions received overwhelming support with over 99.99% approval rates, demonstrating strong shareholder confidence in the company's leadership restructuring.
*this image is generated using AI for illustrative purposes only.
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.
| Voting Statistics: | Details |
|---|---|
| Total Outstanding Shares: | 25,373,056 |
| Total Votes Polled: | 24,527,965 |
| Voter Turnout: | 96.67% |
| E-voting Period: | Dec 2, 2025 to Dec 31, 2025 |
| Scrutinizer: | Mr. Bhavesh Chheda |
| Record Date: | November 21, 2025 |
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.
| Category: | Votes Polled | In Favor | Against | Approval % |
|---|---|---|---|---|
| Promoter Group: | 15,021,097 | 15,021,097 | 0 | 100.00% |
| Public Institutions: | 100,000 | 100,000 | 0 | 100.00% |
| Public Non-Institutions: | 9,406,869 | 9,406,837 | 32 | 99.9997% |
| Total: | 24,527,966 | 24,527,934 | 32 | 99.9999% |
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.
Historical Stock Returns for Sri Adhikari Bros. Tele Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | +6.36% | +26.11% | +98.67% | +218.84% | +4,702.08% |
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