<h1>Sab Events & Governance Now Media Limited Board Approves Inter-Corporate Loan and Seeks Extension for 13th Annual General Meeting</h1>
The Board of Directors of Sab Events & Governance Now Media Limited, in a meeting held on July 31, 2026, approved several key business actions related to the implementation of its corporate transformation. Among the decisions were sanctioning an Inter-Corporate Loan and submitting an application for an extension of time limit regarding the company's 13th Annual General Meeting (AGM).
In line with the ongoing process mandated by the Resolution Plan previously sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, the Board approved availing an Inter-Corporate Loan from the Resolution Applicant. This action is permitted under terms of the Resolution Plan, which received approval from the Hon'ble NCLT on July 10, 2026.
The company is currently implementing various corporate actions as stipulated in the approved Resolution Plan, including capital reduction and other consequential activities. However, due to necessary technical and procedural requirements—such as freezing the existing ISIN of the company, activating a new ISIN through allotment of post-capital reduction equity shares, and completing related depository formalities—the completion of these corporate actions within the prescribed timeline is not possible.
Considering these operational constraints and in the interest of the company and its stakeholders, the Board approved an application to the Registrar of Companies, Maharashtra, seeking an extension of time for holding the 13th Annual General Meeting of Sab Events & Governance Now Media Limited, as per the applicable provisions of the Companies Act, 2013.
SABEVENTS Stock Price Movement
Sab Events & Governance Now Media Limited shares are slipping by 3.03% as of 3:19 PM, with the equity currently trading at ₹6.08. The stock has seen a volume of 4,058 during the live market session, having previously tested an intraday high of ₹6.25.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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