According to the provisions of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements), Regulations, 2015, and as per the Resolution Plan approved by Hon’ble National Company Law Tribunal, Mumbai Bench under the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, Sri Adhikari Brothers Television Network has informed that the Meeting of the Re-instated Board of Directors of the Company is scheduled to be held on Friday, 23rd February 2024, to consider and approve the following: Allotment upto 40,00,000 Equity Shares and 1,10,00,000 Convertible Warrants of the face value of Rs 10 each to Ruani Media Service (Special Purpose Vehicle (SPV) of Resolution Applicants); Allotment upto 10,00,000 Equity Shares and 60,00,000 Convertible Warrants of the face value of Rs 10 each to Sera Investments & Finance India [(Non-Banking Financial Company (NBFC)]; Allotment upto 10,00,000 Equity Shares and 60,00,000 Convertible Warrants of the face value of Rs 10 each to Leading Leasing Finance & Investment Company [NonBanking Financial Company (NBFC)]; and any other business transactions.
The above information is a part of company’s filings submitted to BSE.
