
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.
Price Impact
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