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

SABEVENTS faces severe financial distress. Its board has approved initiating a Pre-Packaged Insolvency Resolution Process (PPIRP) and appointed a Resolution Professional, citing inability to service debt and 'going concern' issues. For the quarter ended June 30, the company reported a net loss of ₹0.24 Cr on income from operations of ₹0.41 Cr. To support potential resolution efforts, the company also proposed increasing its authorized share capital from ₹11.03 Cr to ₹32.00 Cr, pending shareholder approval. This move aims to facilitate future capital raising.