Sri Adhikari Brothers Television Network Ltd

AGM Details

• AGM held on 30 Sep 2026 at 2:00 PM IST, physical meeting in Malad, Mumbai.
• Chair: Parth Rupareliya; voting period 27-29 Sep 2026; results to be published on BSE/NSE.

Resolutions & Voting Status

• Adopt Audited Financials for year ended 31 March 2026; voting results pending.
• Re-appointment of Parth Rupareliya as Director by rotation; results pending.
• Appointment of Bilimoria Mehta & Co as Statutory Auditor for five years; results pending.
• Appointment of Pooja M Patel & Associates as Secretarial Auditor for five years; results pending.
• Regularization of Vishnu Rupareliya as Executive Director; results pending.
• Appointment of Parth Rupareliya as Managing Director & Chairperson for five years; results pending.
• Appointment of Krunal Hapliya as Non-Executive Independent Director; Special Resolution; results pending.

Director Changes

• Parth Rupareliya re-appointed as Director by rotation; continues as MD.
• Vishnu Rupareliya regularized as Executive Director.
• Krunal Hapliya appointed as Non-Executive Independent Director.
• Parth Rupareliya appointed MD & Chairperson (KMP) for five years.

Auditor Appointments

• Statutory Auditor: Bilimoria Mehta & Co appointed for five-year term.
• Secretarial Auditor: Pooja M Patel & Associates appointed for five-year term.

Aqylon Nexus Limited: Trading window closed from October 01, 2026 until end of 48 hours after the declaration of the Un-Audited Financial Results (Standalone) for the quarter and half year ended September 30, 2026

Aqylon Nexus Ltd – Closure of Trading Window from October 01, 2026 till the end of 48 hours after the declaration of the Un-Audited Financial Results (Standalone) for the quarter and half year ended September 30, 2026.

Transaction details

• Target: Aqylon Nexus Limited; Acquirer: Kurjibhai Premjibhai Rupareliya (promoter group).
• Pre-transaction voting rights: 8,32,47,874 (32.81%); encumbrance: 2,90,00,000 (11.43%); total 11,22,47,874 (44.24%).
• Acquired/Sold: 1,77,36,601 shares (6.99%); mode: Open Market; date: 18-09-2026.
• Post-transaction holdings: voting rights 6,55,11,273 (25.82%); encumbrance 2,90,00,000 (11.43%); total 9,45,11,273 (37.25%).
• Equity capital before/after: 25,37,30,560 shares; total diluted capital: 25,37,30,560.

Reg 29(2) disclosure

• Target Company: Aqylon Nexus Limited.
• Disclosing Party: Kurjibhai Premjibhai Rupareliya (promoter group).
• Transaction Type: Disposal of voting-rights shares.
• Pre-Transaction Holding: voting rights 8,66,94,976 (34.17%); encumbrance 2,90,00,000 (11.43%).
• Total pre-holding: 11,56,94,976 shares (45.60%).
• Transaction Details: Sold 34,47,102 voting-rights shares (1.36%), open market, on 15-09-2026.
• Post-Transaction Holding: voting rights 8,32,47,874 (32.81%); encumbrance 2,90,00,000 (11.43%); total 11,22,47,874 (44.24%).
• Date of Transaction: 15-09-2026.
• Share Capital Context: before/after equity capital 25,37,30,560 shares; diluted capital: 25,37,30,560.

Financial highlights

• Revenue from operations: 1320.44 Lakhs for FY2025-26.
• YoY revenue rise noted from 601.34 Lakhs in 2024-25.
• EBITDA: 93.46 Lakhs before depreciation and finance costs.
• Profit after tax: 575.80 Lakhs; EPS 0.23 Rs.
• MAT credit entitlement: (166.49) Lakhs against taxes.
• Stock split: 1 for 10; post-split capital 2,537.31 Lakhs.
• Promoter open offer completed in November 2025; promoter control established.
• Dividend: no dividend declared; dividend policy adopted and public on website.
• AGM scheduled: 31st AGM on 30 September 2026.

Capital structure & equity

• Stock split details: face value Rs10 to Rs1; 1:10 split.
• Post-split equity capital: Rs 2,537.31 Lakhs.
• Promoter holding: 58.33% as at 31-03-2026.
• Total borrowings: 1,303.32 Lakhs (short-term).
• Total equity is negative at (567.79) Lakhs; going concern risks noted.
• Bank facility: IDFC Bank overdraft; interest 8%; secured by fixed deposits.
• Shares dematerialised: 100% as at 31-03-2026.

Governance & board changes

• Board strength: 7 directors as at 31-03-2026.
• Parth Rupareliya appointed Managing Director & Chairperson w.e.f. 4 Sep 2026.
• Bilimoria Mehta & Co appointed Statutory Auditor for 2027-31.
• Secretarial Auditor: Pooja M Patel & Associates appointed for 2026-31.
• Related party loan from promoter: 353.00 Lakhs approved by postal ballot 12 Feb 2026.
• Independent Directors confirmed eligibility; no disqualifications reported.

Operations & strategic focus

• Business focus aligned to AI data centres, semiconductors, and AI technology services.
• Shift from media to AI-driven services; MOUs non-binding.
• Management pursuing AI infra and cloud opportunities; emphasis on scalable, secure solutions.

ESG & sustainability

• BRSR included; energy metrics, governance, and ESG disclosures.
• Board composition: 8 directors with 2 women (25%).
• POSH policy in place; no complaints during FY2025-26.
• CSR not applicable; company notes equity and governance focus.

Risks & going concern

• Auditor notes material uncertainty about going concern; promoter financial support pledged for 12 months.
• Regulatory changes under Labour Codes monitored; no material immediate impact reported.
• Ongoing need for capital to fund AI/data centre investments and cybersecurity.

Shareholder communications

• AGM date set for 30 Sept 2026; remote e-voting 27-29 Sept 2026.
• Annual report and notice available on aqylon.co and stock exchange sites.
• 100% dematerialised shares facilitate electronic voting and transfers.

Acquisition – 30.07.2026

• Target: Aqylon Nexus Limited.
• Acquirer: Pine Oak Global Fund Class B; not part of promoter group.
• Transaction: Acquisition of 39,00,000 shares via Open Market.
• Pre-transaction holding: 15,17,501 shares (0.60%).
• Post-transaction holding: 54,17,501 shares (2.14%).
• Date: 30 July 2026.
• Equity capital before: 25,37,30,560; after: 25,37,30,560.
• Total diluted capital after: 25,37,30,560.

Acquisition – 06.08.2026

• Target: Aqylon Nexus Limited.
• Acquirer: Pine Oak Global Fund Class B; non-promoter.
• Date: 06 August 2026.
• Acquired: 24,30,000 shares via Open Market.
• Pre-transaction holding: 54,17,501 shares (2.14%).
• Post-transaction holding: 78,47,501 shares (3.09%).
• Equity capital before: 25,37,30,560; after: 25,37,30,560.
• Total diluted capital after: 25,37,30,560.

Transaction details

• PINE OAK GLOBAL FUND disposed 46,00,050 AQYLON NEXUS LIMITED shares in open market on 31.07.2026 & 04.08.2026.

Holding changes

• Pre 14,242,650 (5.61%); Post 9,642,600 (3.80%).

Promoter status

• Acquirer not member of promoter/promoter group.

Capital context

• Equity share capital before/after: 25,37,30,560; diluted capital unchanged at 25,37,30,560.