Aqylon Nexus Ltd Board Meeting Set for July 9th to Discuss Stake Acquisition and Fundraising Plans
Aqylon Nexus Limited, previously known as Sri Adhikari Brothers Television Network Limited, has scheduled a meeting of its Board of Directors to consider several key strategic initiatives, including the acquisition of an equity stake in M/s. E Trav Tech Limited and proposals for raising new capital.The board meeting is slated for Thursday, July 9, 2026, with agenda items covering corporate restructuring and expansion plans.
One major focus of the meeting is the proposed acquisition of a 51% equity stake in M/s. E Trav Tech Limited (Target Company). This acquisition is planned through a share swap arrangement facilitated by a preferential issue of equity shares to the Company.
Additionally, the Board will consider proposals aimed at fundraising for the company's future growth. The agenda includes opportunities to raise funds through various financial instruments such as equity shares, convertible bonds, debentures, convertible warrants, or preference shares. These funds can be raised through permissible modes, including a private placement or a qualified institutions placement.
Beyond the acquisitions and financing plans, the board is set to review changes to the company's core identity and operations. The meeting will also address the proposal to alter, add, replace, or delete the main object clause of Aqylon Nexus Limited.
The Company provided details regarding its structure for stakeholders:
| Detail | Information |
|---|---|
| Company Name | Aqylon Nexus Ltd (Formerly Sri Adhikari Brothers Television Network Limited) |
| Registered Office | 6th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai - 400053 |
| CIN | L62090MH1994PLC083853 |
| Meeting Date | Thursday, July 9, 2026 |
AQYLON Stock Price Movement
As of 3:15 PM, shares of Aqylon Nexus Limited are slipping by 3.87%, shedding ₹1.73 from the previous close to trade at ₹43. The stock has seen a robust volume of over 1.11 million shares traded in the live market during this session.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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