Sri Adhikari Brothers Television Network promoter Kurjibhai Premjibhai Rupareliya has pledged 25,00,000 equity shares of the company to Motilal Oswal Finvest Limited on December 31, 2025. The pledge disclosure was made under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and reported to stock exchanges on January 1, 2026.

Pledge Details

The pledged shares represent 9.85% of the company's total share capital and were encumbered for personal use by the promoter. The transaction involves a borrowing of ₹100.00 crores against shares valued at ₹400.00 crores, providing a security cover ratio of 0.25.

Promoter Holdings

Kurjibhai Premjibhai Rupareliya holds a substantial stake in Sri Adhikari Brothers Television Network Limited. His total shareholding and the impact of the current pledge are detailed below:

Regulatory Compliance

The disclosure confirms that the encumbered shares do not exceed critical regulatory thresholds. The pledged shares represent less than 50% of the promoter's shareholding and less than 20% of the total share capital, ensuring compliance with regulatory requirements. The formal disclosure was submitted from the promoter's registered address at Shree Colony Main Road, Block No. 50/B, Street No.-5, B/H Panchvati Society, Rajkot-360001, Gujarat.

Motilal Oswal Finvest Limited, the entity in whose favor the shares have been pledged, is a scheduled commercial bank/NBFC. The transaction does not involve the listed company or any of its group companies, as the funds are intended for the promoter's personal use.

Transaction Structure

The pledge arrangement provides adequate security cover with shares valued at ₹400.00 crores against a borrowing of ₹100.00 crores. This conservative loan-to-value ratio of 25% indicates a well-structured financing arrangement. The promoter has confirmed that the borrowed funds will be utilized exclusively for personal purposes and not for any business-related activities of the listed company.

The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited. The formal regulatory filing includes comprehensive details about the encumbrance agreement and confirms adherence to all applicable SEBI regulations regarding promoter share pledging.

Sri Adhikari Brothers Television Network Limited has announced a board meeting scheduled for January 6, 2026, to consider several important corporate decisions that could impact the company's capital structure and financial operations.

Key Agenda Items for Board Meeting

The board meeting will address multiple strategic matters that require director approval and subsequent shareholder consent. The company has outlined a comprehensive agenda focusing on capital restructuring and financial arrangements.

Regulatory Compliance and Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, Sri Adhikari Brothers Television Network Limited has implemented a trading window closure. The restriction became effective from January 1, 2026, and will continue until 48 hours after the declaration of unaudited financial results for the quarter ended December 31, 2025.

The trading window closure affects all designated persons and restricts dealing in the company's securities during this period. This measure ensures compliance with insider trading regulations and maintains market integrity during the period of material information consideration.

Corporate Governance and Authorization

The board meeting notice was issued on January 1, 2026, by Managing Director Srivatsava Sunkara (DIN: 01725431). The proposals under consideration require multiple levels of approval, including board resolution, shareholder consent, and regulatory approvals where applicable.

The equity share subdivision proposal will be subject to board determination regarding the split ratio and manner of implementation. Similarly, the promoter loan arrangement includes provisions for potential conversion into equity shares, providing flexibility in the company's capital structure management.

Meeting Schedule and Documentation

The board meeting is scheduled for Tuesday, January 6, 2026, with all agenda items requiring formal board resolution. The company has followed proper corporate governance procedures by providing advance notice and clearly outlining the matters for consideration. Each proposal will be evaluated based on its merits and potential impact on shareholder value and company operations.