Aqylon Nexus Board Approves Action Plan on Proposal of 51% Stake Sale
Aqylon Nexus Ltd., formerly Sri Adhikari Brothers Television Network Limited, announced that its Board of Directors has addressed a proposal regarding the acquisition of a majority stake in the company. The directors authorized immediate steps to conduct valuation and due diligence concerning the proposed transaction.During a meeting held on Thursday, July 9, 2026, the Board acknowledged a proposal received from M/s E Trav Tech Limited. This proposal indicated an intention by E Trav Tech Limited to sell 51% or more of Aqylon Nexus’s paid-up share capital.
In response to this potential transaction, the Board authorized one of its Directors to execute all necessary documents, declarations, and deeds related to the proposed sale. Furthermore, the Board empowered the designated Director to appoint independent third party professionals to carry out the valuation and conduct due diligence for the contemplated transaction.
The Board meeting also reviewed other agenda items originally set forth in the Notice dated July 6, 2026. The directors resolved to defer consideration of these remaining items, with a future Board Meeting being scheduled to approve them separately.
The company’s board action confirms operational focus on responding appropriately to the potential acquisition interest while simultaneously postponing the discussion of other strategic matters until further notice.
AQYLON Stock Price Movement
Shares of Aqylon Nexus Limited closed today after shedding 4.52%, settling at ₹39.71 in the post-market session. The stock's decline was steep, with trading volume reaching 1.54 million shares as it approached its 52-week low recorded at ₹37.81.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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