StockWatch
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Electronic Media
Corporate Action25 Jul 2026, 03:00 pm

SAB Events Fixes Aug 5, 2026 Record Date for Share Capital Reduction

AI Summary

SAB Events & Governance Now Media Ltd has fixed August 5, 2026, as the record date for the reduction of its share capital. This action is part of a Resolution Plan approved by the National Company Law Tribunal (NCLT). The reduction involves the cancellation and extinguishment of existing equity shares held by promoters and a reduction of equity shares held by public shareholders in a 100:5 ratio. The board approved these corporate actions on July 25, 2026, in line with SEBI LODR Regulations.

Key Highlights

  • Record date set for August 5, 2026, for share capital reduction.
  • Promoter shares to be cancelled and extinguished.
  • Public shareholders' shares reduced in a 100:5 ratio.
  • Actions are part of NCLT-approved Resolution Plan.
  • Board approved implementation on July 25, 2026.