Sab Events & Governance Now Media Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

SABEVENTS' board has approved the financial results for the quarter, showing a net loss of Rs. 0.24 Cr on income of Rs. 0.41 Cr. Critically, the board initiated a Pre-Packaged Insolvency Resolution Process (PPIRP) and appointed a Resolution Professional. This strategic move addresses significant going concern issues highlighted by auditors, including current liabilities far exceeding assets and unprovided interest expenses. The company also plans to increase its Authorized Share Capital from Rs. 11.03 Cr to Rs. 32.00 Cr, subject to shareholder approval, likely to support future restructuring efforts.