Sab Events & Governance Now Media Limited — Important, 14-08-2025: Updates

SAB Events reported a Q1 net loss of Rs. 0.24 Cr. Critically, the Board has initiated a Pre-Packaged Insolvency Resolution Process (PPIRP) under IBC, acknowledging an inability to service debt. Auditors also flagged "material uncertainty" regarding the company's ability to continue as a going concern, citing liabilities 4.82x current assets and negative equity. The company approved a substantial increase in authorized share capital from Rs. 11.03 Cr to Rs. 32.00 Cr, likely paving the way for future funding. Audit findings also pointed to unrecorded interest expenses and goodwill impairment concerns.