SAB Events & Governance Now Media has informed that the Board of Directors of the Company, at its Meeting held on September 18, 2026, has, pursuant to the approved Resolution Plan by the Hon'ble National Company Law Tribunal, Mumbai Bench-I (“Hon'ble NCLT”), vide its Order dated July 10, 2026 passed under Section 54L read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) and the receipt of the certified copy of the said Order by the Company on July 21, 2026, transacted the following business- Issuance of upto 12,00,000 (Twelve lakh) Equity Shares at a price of Rs. 22.50/- (Rupees Twenty-Two and Fifty Paise only) each amounting to Rs. 2,70,00,000/- (Rupees Two Crore and Seventy Lakh only) to Sri Adhikari Brothers Assets Holdings Private Limited (Promoter category) on preferential basis pursuant to the Resolution Plan and in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018, SEBI LODR Regulations, IBC and other applicable laws, rules, regulations, guidelines and circulars; Issuance of upto 73,00,000 (Seventy-Three lakh) Equity Shares at a price of Rs. 22.50/- (Rupees Twenty-Two and Fifty Paise only) each, amounting to Rs. 16,42,50,000/- (Rupees Sixteen Crores Forty-Two Lakhs and Fifty Thousand only), to Strategic Investors failing under the Public Category on preferential basis in pursuant to the Resolution Plan and in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018, SEBI LODR Regulations, IBC and other applicable laws, rules, regulations, guidelines and circulars; Issuance of upto 60,00,000 (Sixty lakh) Convertible Warrants at a price of Rs. 22.50/- (Rupees Twenty-Two and Fifty Paise only) each, amounting to 13,50,00,000/-(Rupees Thirteen Crore and Fifty Lakh only) to Strategic Investors failing under the Public Category on preferential basis in accordance with the Resolution Plan, Chapter V of the SEBI (ICDR) Regulations, 2018, SEBI LODR Regulations, IBC and other applicable laws, rules, regulations, guidelines and circulars. An amount equivalent to 25% of the Warrant Issue Price shall be payable at the time of subscription and allotment and the balance 75% shall be payable within a period not exceeding 18 (Eighteen) months, in one or more tranches, from the date of allotment of the Warrants, and on such other terms and conditions as approved by the Board of Directors.
The above information is a part of company’s filings submitted to BSE.
