SAB Events & Governance Now Media Limited announced the appointment of two Additional Independent Directors following its Board meeting held on February 24, 2026. The appointments were approved based on recommendations from the company's Nomination and Remuneration Committee, in compliance with Regulation 30 of the SEBI Listing Regulations.

Board Meeting Outcome

The Board of Directors meeting commenced at 08:30 P.M. and concluded at 08:50 P.M. on February 24, 2026. The company formally communicated the outcomes to both BSE Limited and National Stock Exchange of India Limited, fulfilling its disclosure obligations under regulatory requirements.

Director Appointments Overview

Both appointments are subject to approval from the company's members and represent strategic additions to strengthen the board's governance structure. The directors will serve five-year terms and will not be liable to retire by rotation.

Director Profiles and Expertise

Mr. Anurag Shailendra Mishra is a seasoned professional with diverse experience in corporate governance, strategic planning, and business management. He brings strong analytical capabilities and an in-depth understanding of regulatory frameworks and compliance requirements applicable to corporate entities. With a reputation for integrity and sound judgment, he has demonstrated the ability to provide independent oversight, constructive guidance, and objective evaluation of management practices. His expertise includes risk management, policy formulation, operational efficiency enhancement, and stakeholder engagement.

Ms. Neha Vinod Kothari is a Chartered Accountant with M.Com qualification, specializing in corporate strategy and business development. She is an accomplished corporate strategy professional with experience in developing and executing high-impact strategic initiatives. Skilled in market analysis, competitive positioning, and business model innovation, she has a proven track record of driving growth and enhancing operational efficiency. She currently works with a listed life insurance company and has previously worked with both life and general insurance companies in various roles in finance and strategy.

Regulatory Compliance and Governance

The company has ensured full compliance with regulatory requirements, providing detailed information as mandated under SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. Both directors have been confirmed as meeting all eligibility criteria and are not debarred from holding director positions by any SEBI order or other authority.

The appointments reflect the company's commitment to strengthening its board composition with experienced professionals who can provide independent oversight and strategic guidance. The company has fulfilled all disclosure requirements under SEBI regulations, with Chairman and Managing Director Kailasnath Markand Adhikari (DIN: 07009389) signing the official communication to stock exchanges.

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.