SAB Events & Governance Now Media Initiates Pre-Packaged Insolvency Process Amid Financial Challenges
SAB Events & Governance Now Media Limited's Board approved a Pre-Packaged Insolvency Resolution Process (PPIRP) due to debt servicing issues. Q1 FY2026 saw a net loss of Rs. 24.30 lakhs, improved from Rs. 42.00 lakhs year-over-year. Revenue increased to Rs. 40.68 lakhs from Rs. 15.00 lakhs. The company plans to increase authorized share capital from Rs. 11.03 crores to Rs. 32.00 crores. Auditors highlighted concerns about the company's ability to continue as a going concern, potential goodwill impairment, and non-provision of interest expenses.