Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Implementation of NCLT-Approved Resolution Plan

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified - Document focuses on capital restructuring rather than financial results

Standalone Results:

Not Specified

Consolidated Results:

Not Specified

Segment-wise Performance:

Not Specified

Corporate Actions:

Preferential Issue of Equity Shares:

  • Approval for issuance of up to 12,00,000 Equity Shares at ₹22.50 per share (including premium of ₹12.50) to Sri Adhikari Brothers Assets Holdings Private Limited (Promoter category) for ₹2,70,00,000
  • Approval for issuance of up to 73,00,000 Equity Shares at ₹22.50 per share (including premium of ₹12.50) to Public Category investors for ₹16,42,50,000

Preferential Issue of Convertible Warrants:

  • Approval for issuance of up to 60,00,000 Convertible Warrants at ₹22.50 per warrant to Strategic Investors under Public Category for ₹13,50,00,000
  • 25% of warrant price payable at subscription and allotment, balance 75% payable within 18 months from allotment date
  • Each warrant convertible into 1 fully paid-up Equity Share of ₹10 face value
  • Conversion period: 18 months from date of allotment
  • Warrants lapse if not exercised within 18 months, with forfeiture of amount paid

Merger-related Equity Issuance:

  • Approval for issuance of 1,10,34,070 Equity Shares to shareholders of Sri Adhikari Brothers Digital Network Private Limited (Transferor Company)
  • Share exchange ratio: 436 Equity Shares of SAB Events for every 100 Equity Shares held in Transferor Company

Investor Details:

Equity Shares to Public Category (Annexure A):

1. SERA Capital AIF - 8,00,000 shares (₹1,80,00,000)

2. SERA Investments & Finance India Ltd - 22,00,000 shares (₹4,95,00,000)

3. Jigneshbhai Maganbhai Bhuva - 10,00,000 shares (₹2,25,00,000)

4. Hiteshbhai Maganbhai Bhuva - 10,00,000 shares (₹2,25,00,000)

5. Tarangkumar Manubhai Savaliya - 10,00,000 shares (₹2,25,00,000)

6. Nimesh Chitalia - 4,00,000 shares (₹90,00,000)

7. Urvi Chitalia - 3,00,000 shares (₹67,50,000)

8. Deniis Desai - 2,50,000 shares (₹56,25,000)

9. Dhiren Shethia(HUF) - 1,00,000 shares (₹22,50,000)

10. Rajiv Mehta - 2,50,000 shares (₹56,25,000)

Convertible Warrants (Public Category):

1. Jigneshbhai Maganbhai Bhuva - 20,00,000 warrants

2. Hiteshbhai Maganbhai Bhuva - 20,00,000 warrants

3. Tarangkumar Manubhai Savaliya - 20,00,000 warrants

Merger-related Allottees:

1. Sri Tirupati Balaji Family Trust

2. Sri Mahakaal Family Trust

Post-Allotment Shareholding Pattern (Annexure B-1 & B-2):

Post Equity Allotment:

  • Promoter & Promoter Group: 1,22,34,070 shares (61.43%)
  • Sri Adhikari Brothers Assets Holdings: 12,00,000 shares (6.03%)
  • Sri Tirupati Balaji Family Trust: 55,17,035 shares (27.70%)
  • Sri Mahakaal Family Trust: 55,17,035 shares (27.70%)
  • Public Category: 73,00,000 shares (36.65%)
  • Total (A+B): 1,95,34,070 shares (98.08%)

Post Warrant Conversion:

  • Jigneshbhai Maganbhai Bhuva: 20,00,000 shares (7.72%)
  • Hiteshbhai Maganbhai Bhuva: 20,00,000 shares (7.72%)
  • Tarangkumar Manubhai Savaliya: 20,00,000 shares (7.72%)
  • Total: 60,00,000 shares (23.15%)

Other Significant Information:

  • Implementation of Pre-Packaged Insolvency Resolution Plan approved by Hon'ble NCLT
  • Scheme of Amalgamation of Sri Adhikari Brothers Digital Network Private Limited with SAB Events
  • All issuances subject to receipt of requisite statutory and regulatory approvals