Sab Events & Governance Now Media Limited (SABEVENTS) — regulation 31 | 16 July 2026

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📢 Key Event
Reclassification application rejected by BSE and NSE

🔄 What Changed
Promoter Markand Navnitlal Adhikari remains classified as promoter; no change in holding structure

💡 Investor Takeaway
Shareholders must retain promoter status disclosures and monitor compliance with board composition rules.

Sab Events & Governance Now Media Limited received rejection from BSE and NSE for reclassifying Markand Navnitlal Adhikari from promoter to public category under SEBI Regulation 31A. The rejection cites non-compliance as he remains a board director and key managerial personnel, violating Regulation 31A(3)(b)(iv) and (v).

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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