SAB Events Approves Share Capital Reduction, Sets Aug 5 Record Date

SAB Events & Governance Now Media Limited's Board of Directors has approved the implementation of a Resolution Plan sanctioned by the NCLT. This includes the cancellation and extinguishment of existing equity shares held by promoters and a reduction of equity shares held by public shareholders. The reduction for public shareholders is set at a ratio of 100:5. Wednesday, August 5, 2026, has been fixed as the record date for both promoter and public shareholder actions related to the share capital reduction.