Leading Leasing Finance and Investment Company Limited has announced the sale of its equity stake in Sri Adhikari Brothers Television Network Limited , filing mandatory disclosures under SEBI regulations for substantial shareholding changes. The transaction involved the disposal of 92,268 equity shares through open market sales.

Transaction Details

The share sale was executed between December 10-12, 2025, through open market transactions. The disposal represents a strategic reduction in the company's investment portfolio.

Shareholding Impact

The transaction has resulted in a reduction of Leading Leasing Finance's stake in the target company. The company's shareholding position changed from 15.65% to 15.28% following the completion of the sale.

Company Information

Sri Adhikari Brothers Television Network Limited maintains a total equity share capital of 2,53,73,056 shares, with each share having a face value of ₹10. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, trading under the symbol SABTNL.

Regulatory Compliance

Leading Leasing Finance has filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that it does not belong to the promoter or promoter group of the target company. The disclosure has been submitted to both stock exchanges where the target company's shares are listed, ensuring full regulatory compliance with substantial shareholding change 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.