SAB Events & Governance Now Media Limited announced its Q3FY26 financial results during a board meeting held on February 5, 2026, showing a return to profitability with a profit of ₹13.12 lakhs for the quarter ended December 31, 2025. The company recovered from the loss of ₹14.01 lakhs recorded in the previous quarter, marking a significant quarterly improvement.

Financial Performance Overview

The company's quarterly performance demonstrated mixed results across key financial metrics:

While achieving profitability in Q3FY26, revenue from operations declined by 19.75% compared to the previous quarter. The significant contribution from other income of ₹43.59 lakhs helped boost total income to ₹87.93 lakhs.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, presented ongoing challenges for the company:

Despite recording a loss of ₹25.19 lakhs for the nine-month period, the company showed improvement compared to the loss of ₹43.64 lakhs in the corresponding period of the previous year.

Board Meeting and Regulatory Compliance

The Board of Directors, during their meeting held on February 5, 2026, from 12:03 PM to 12:30 PM, considered and approved the unaudited financial results on the recommendation of the Audit Committee. The meeting was conducted in compliance with Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Changes

The board announced that Mr. Shailendra Mishra (DIN: 07373830) will cease to be an Independent Director effective February 9, 2026, upon completion of his second consecutive term. Mr. Mishra does not hold any shares in the company.

Operational Challenges and Going Concern Issues

The company faces significant operational challenges that raise concerns about its ability to continue as a going concern. Current liabilities are 3.74 times higher than current assets, and the company is unable to service its debt obligations effectively. The auditors have highlighted material uncertainty regarding the company's ability to continue operations unless it can generate positive cash flows and secure sufficient long-term funding.

Insolvency Resolution Process

A critical development affecting the company is the ongoing Pre-Packaged Insolvency Resolution Process (PPIRP). The company filed a petition before the National Company Law Tribunal (NCLT), Mumbai bench, under Section 54C of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on November 4, 2025, though the impact on the company's financial results remains unascertainable at present.

Auditor Observations

The statutory auditors issued a qualified review report, highlighting several concerns including potential impairment of goodwill valued at ₹2.64 lakhs and unprovided interest expenses of approximately ₹6.04 lakhs for the quarter. The auditors emphasized the material uncertainty related to the company's going concern status and the ongoing insolvency resolution process.

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.