In furtherance to intimations dated August 14, 2025, and September 25, 2025, pertaining to approval from the Board of Directors and the Members, respectively, for initiating a Pre-Packaged Insolvency Resolution Process (‘PPIRP’) under Section 54C of the Insolvency and Bankruptcy Code, 2016 (‘IBC’), SAB Events & Governance Now Media has informed that the Company has filed an application for initiation of PPIRP with the Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai Bench on October 17, 2025. The total amount of debt involved is Rs. 4,53,47,238/-, owed to the following unrelated financial creditor, who has granted its approval for initiation of PPIRP: Saturn Fund (a Scheme of Saturn Trust) AIF – Category II, SEBI Registration No.: IN/AIF2/19-20/0682.
The above information is a part of company’s filings submitted to BSE.
