NSEGeneral Updates16 Jul 2026 · 16 Jul 2026, 06:14 pm
General Updates
Sab Events & Governance Now Media Limited · SABEVENTS
✦ AI Summary▼ NegativePromoter Reclassif.
Sab Events & Governance Now Media Limited has received rejection letters from BSE and NSE for the reclassification of Mr. Markand Navnitlal Adhikari from 'Promoter' to 'Public' category due to non-compliance with SEBI LODR Regulations.
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Earnings Impact0/10
Growth Catalyst0/10
Governance Concern8/10
Regulatory Risk8/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment2/10
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Sab Events & Governance Now Media Limited has informed the Exchange about General Updates
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GOVE~ RNANCNE @I 93 SGAOBV EERVNEANNTSC E& NOW
Media Limited
July 16, 2026
To, To,
The Manager - CRD, The Manager,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Fort, Mumbai - 400 001 Bandra (East), Mumbai - 400 051
Scrip Code: 540081 Symbol: SABEVENTS
Subject: Intimation of the decision of the BSE Limited and National Stock Exchange of
India Limited (‘Stock Exchanges’) on the application for re-classification in relation to Mr.
Markand Navnitlal Adhikari from ‘Promoter * to ‘Public’ category as per Regulation 31(A)
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
In relation to the application made by SAB Events & Governance Now Media Limited
(the “Company”) on November 15, 2025, for re-classification of Mr. Markand Navnitlal
Adhikari from the ‘Promoter’ category to ‘Public’ category, we wish to inform you that the
Company has received the rejection letters on July 16, 2026 from BSE Limited (vide its letter
bearing no. LIST /COMP/KR/144/2026-27) and National Stock Exchange of India Limited
(vide its letter bearing no. NSE/LIST/SABEVENTS/541,/2026-2027).
The copy of the letters as received from the Stock Exchanges are attached for your
reference and information.
Kindly take the above information on record.
Thanking You,
Yours Faithfully,
For SAB Events & Governance Now Media Limited
Kailasnath Markand Adhikari
Chairman & Managing Director
DIN: 07009389
Registered Offic:
7th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (W), Mumbai- 400 053,
Tel.: 022 - 40230711 | Fax: 022 - 26395459
Website: www.governancenow.com
CIN: L22222MH2014PLC254848
The Powér of Vibrance
LIST/COMP/KR/144/2026-27 July 16, 2026
The Company Secretary
Sab Events & Governance Now Media Limited
7th Floor, Adhikari Chambers, Oberoi Complex,
New Link Road, Andheri (W), Mumbai 400053
Subject: Application for Reclassification of Promoter(s)/Promoter Group(s) to Public Category under
Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015,
(‘SEBI LODR Regulations 2015’)
Dear Sir/ Madam,
This is in reference to your application dated November 15, 2025, seeking no-objection from the BSE Limited for
reclassification of promoter /promoter group (list enclosed below) to public category under Regulation 31A of
SEBI LODR Regulations, 2015
iSr. No. Name of Outgoing Promoter who is seeking for reclassification
1 Markand Navnitlal Adhikari
In this regard, you may draw your attention to Regulation 31A(3)(b) of SEBI LODR Regulations 2015 which states
that:
“31A. Conditions for re-classification of any person as promoter / public
(3) Reclassification of status of a promoter including promoter group, shall be subject to the following
conditions:
(b) “the promoter(s) seeking re-classification and persons related to the promoter(s) seeking re-classification
shall not:
iv. be represented on the board of directors (including not having a nominee director) of the listed entity;
v. act as key managerial personnel in the listed entity;”
The immediate relative (as per Regulation 31A(1)(b) of SEBI LODR Regulations 2015 read with Regulation 2(1)
(pp) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations
2018 i.e., child of promoter seeking reclassification) is represented on the Board of Directors as the Managing
Director of the listed entity, which is not in compliance with regulation 31A(3)(b)(iv) & (v) of the SEBI LODR 2015.
In light of the above, the application of the promoter for seeking reclassification cannot be considered under
Regulation 31A of the SEBI LODR Regulations 2015. The application for reclassification is disposed off
accordingly.
Yours faithfully,
g8 PR
Jayshree Soni Krishna Rathi
Deputy Vice President Deputy Manager
Listing Compliance Listing Compliance
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +9122 2272 1234/33 | E: corp.comm@bseindia.com
www.bseindia.com | Corporate Identity Number : L67120MH2005PLCIS5188
NNiflyso
° NSE
Ref: NSE/LIST/SABEVENTS/541/2026-2027 Date: July 16,2026
The Company Secretary
Sab Events & Governance Now Media Limited (‘the listed entity’)
7th Floor, Adhikari Chambers, Oberoi Complex,
New Link Road, Andheri (W), Maharashtra, India, 400053 Mumbai
Subject: Application for Reclassification of Promoter(s)/Promoter Group(s) to Public Category under
Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
‘SEBI LODR Regulations”)
Dear Sir/ Madam,
This is in reference to your application dated November 15, 2025, seeking no-objection from the National Stock
Exchange for reclassification of promoter /promoter group (list enclosed below) to public category under
Regulation 31A of SEBILODR Regulations.
Sr. No. | Name of Outgoing Promoter who is seeking for reclassification
1. Markand Navnitlal Adhikari
In this regard, you may draw your attention to Regulation 31A(3)(b) of SEBI LODR Regulations which states
that:
“31A4. Conditiofnosr re-classification of any person as promoter / public
(3) Reclassification of status of a promoter including promoter group, shall be subject to the following
conditions:
(b) “the promoter(s) seeking re-classification and persons related to the promoter(s) seeking re-classification
shall not:
iv. be represented on the board of directors (including not having a nominee director) of the listed entity;
v. act as key managerial personnel in the listed entity;”
The immediate relative (as per Regulation 31A(1)(b) of SEBI LODR Regulations read with Regulation 2(1)(pp)
of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations
2018 i.e., child of promoter seeking reclassification) is represented on the Board of Directors as the Managing
Director of the listed entity, which is not in compliance with regulation 31A(3)(b)(iv) & (v) of the SEBILODR.
In light of the above, the application of the promoter for seeking reclassification cannot be considered under
Regulation 31A of the SEBILODR Regulations. The application for reclassification is disposed off accordingly.
Yours faithfully,
for National Stock Exchange of India Limited
Dhaval Shah
Senior Manager — Listing Compliance
This Document is Digitally Signed
National Stock Exchagne of India Limited | Exchange Plaza, C-1, Block G, Bandra Ku u 1dra (E), Mumbeai — 400 061,
India +91 22 26598100 | www.nseindia.com| CIN U67120MH1992PLCO69769