Sri Adhikari Brothers Television Network informs about outcome of board meeting

09 Jul 2024 Evaluate

According to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements), Regulations, 2015, Sri Adhikari Brothers Television Network has informed that the Board of Directors of the Company in their meeting held on 8th July 2024 has considered and approved the following: 1. To increase in the Authorized Share Capital of the Company from existing INR 48,50,00,000 TO INR 56,40,00,000 and corresponding amendments to the Clause V of the Memorandum of Association of the Company, subject to approval of the shareholders, more particularly described in the annexure attached as Annexure-I. 2. Alteration in the Object Clause of the Memorandum of Association, in order to align the objects of the Company with the proposed business dynamics, more particularly described in the annexure attached as Annexure-I. 3. Based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the Shareholders, the re-appointment of Markand Adhikari (DIN: 00032016) as Chairman & Managing Director of the Company for a period of 5 years with effect from 18th August 2024 to 17th August 2029, liable to retire by rotation. The details with respect to the increase in authorised share capital and alteration in the object clause of the Memorandum of Association, in brief are provided in ‘Annexure-I’ and the re-appointment of the Chairman & Managing Director are provided in ‘Annexure-II’, as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July 2023. The Meeting commenced at 01:20 pm and concluded at 01:40 pm.

The above information is a part of company’s filings submitted to BSE.

Sri Adhikari Brother Share Price

1733.10 33.95 (2.00%)
22-Nov-2024 11:37 View Price Chart
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