Sri Adhikari Bros. Tele Network Reports Profit, Seeks Approval for Key Appointments

Sri Adhikari Bros. Tele Network Limited (SABTNL) has reported a significant turnaround in its financial performance for the half-year ended September 30, 2025, alongside announcing plans for key leadership appointments.

Financial Performance

The company reported a profit of Rs. 1,227.04 lakhs for the half-year period, a substantial improvement from a loss of Rs. 2,236.83 lakhs in the previous year. This turnaround was largely driven by an exceptional gain of Rs. 1,543.59 lakhs from the sale of immovable properties in Andheri, as part of the NCLT-approved Resolution Plan dated December 8, 2023.

Revenue from operations for the quarter ended September 30, 2025, stood at Rs. 434.28 lakhs. The company's total income for the same quarter was Rs. 434.28 lakhs, compared to Rs. 37.07 lakhs in the previous quarter and Rs. 126.71 lakhs in the corresponding quarter of the previous year.

Key Financial Metrics

Particulars (in Lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	434.28	3.47	126.71	437.75	226.71
Total Income	434.28	37.07	126.71	471.35	226.71
Profit/(Loss) Before Tax	1,410.61	(183.57)	17.15	1,227.04	23.63
Profit/(Loss) After Tax	1,410.61	(183.57)	17.15	1,227.04	23.63

Balance Sheet Highlights

As of September 30, 2025, SABTNL reported total assets of Rs. 1,797.93 lakhs, a decrease from Rs. 5,311.70 lakhs as of March 31, 2025. The company's equity share capital remained unchanged at Rs. 2,537.31 lakhs, while other equity improved to negative Rs. 2,454.60 lakhs from negative Rs. 3,680.89 lakhs at the end of the previous fiscal year.

Operational Updates

The company operates in a single segment of content production and distribution. During the quarter, SABTNL fully repaid its bank liabilities in accordance with the NCLT-approved Resolution Plan. However, the company has not yet received a No Dues Certificate or balance confirmation from Central Bank of India as of September 30, 2025.

Corporate Governance and Future Plans

The Board of Directors has approved a notice for a postal ballot seeking shareholder approval for several key appointments:

Mr. Srivatsava Sunkara as Managing Director for a 5-year term from October 10, 2025, to October 9, 2030.
Mr. Kiran Kumar Inampudi as Executive Non-Independent Director.
Mr. Ramavath Suresh, Mr. Sharath Kumar Rekhapalli Naga, and Mr. Sripal Reddy Molugu as Non-Executive Independent Directors.

Auditor's Note

The company's auditors, Hitesh Shah & Associates, have highlighted a material uncertainty related to the going concern status of SABTNL. They noted that current liabilities substantially exceed current assets, and the company has a negative Other Equity of Rs. 2,453.85 Lakhs as of September 30, 2025.

Despite these challenges, the management continues to prepare financial results on a going concern basis. The auditors have emphasized that the impact of pending direct and indirect tax assessments has not been accounted for in the current period's results.

As SABTNL navigates through its financial restructuring and operational changes, the proposed leadership appointments and improved financial performance may signal a new chapter for the company. However, the ongoing concerns raised by the auditors suggest that challenges remain in stabilizing the company's financial position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+20.61%	+6.18%	+50.83%	-41.08%	+2,057.97%

In a significant development for Sri Adhikari Bros. Tele Network , Mr. Kurjibhai Premjibhai Rupareliya, along with Leading Leasing Finance and Investment Company Limited as Person Acting in Concert (PAC), has announced an open offer to acquire a substantial stake in the company.

Open Offer Details

The open offer aims to acquire 53,46,238 equity shares, representing 13.24% of the emerging voting share capital of Sri Adhikari Bros. Tele Network. The offer price has been set at ₹10.00 per share, aligning with the parameters prescribed by SEBI regulations.

Key Points of the Offer

Acquirer: Mr. Kurjibhai Premjibhai Rupareliya
Person Acting in Concert: Leading Leasing Finance and Investment Company Limited
Target Company: Sri Adhikari Bros. Tele Network
Offer Size: 53,46,238 equity shares (13.24% of emerging voting share capital)
Offer Price: ₹10.00 per share
Regulatory Framework: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Independent Directors' Recommendation

The Independent Directors Committee (IDC) of Sri Adhikari Bros. Tele Network has reviewed the open offer and provided their recommendations:

The offer price of ₹10.00 per equity share is in line with SEBI (SAST) Regulations, 2011.
The IDC believes the offer is fair and reasonable.
Shareholders are advised to independently evaluate the offer against the current market price before making a decision.

Offer Manager

Grow House Wealth Management Private Limited has been appointed as the manager to the offer. They can be contacted at:

Address: A-606, Privilon, B/H. Iscon Temple, Ambli-Bopal Road, S.G. Highway, Ahmedabad-380054
Tel: +91 79353 33132 / +91-79-35333682
Email: takeover@growhousewealth.com
Website: www.growhousewealth.com

Implications for Shareholders

This open offer provides an opportunity for Sri Adhikari Bros. Tele Network shareholders to sell their shares at a predetermined price. However, shareholders should carefully consider the offer price in relation to the current market price and their own investment goals before making a decision.

Investors and stakeholders of Sri Adhikari Bros. Tele Network should keep a close watch on further developments and announcements related to this open offer. As always, it is advisable to consult with financial advisors before making any investment decisions.

The open offer is subject to regulatory approvals and other conditions as specified in the detailed offer document. Shareholders are encouraged to read the full offer document for comprehensive information about the terms and conditions of the offer.