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Sri Adhikari Brothers Shareholders Clear Key Postal Ballot Resolutions on Name Change and Governance

Story Highlights
  • Shareholders approved changes to the company’s objects clause and its corporate name.
  • Investors also endorsed appointing a new statutory auditor, strengthening governance structures.
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Sri Adhikari Brothers Shareholders Clear Key Postal Ballot Resolutions on Name Change and Governance

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The latest update is out from Sri Adhikari Brothers Television Network Limited ( (IN:SABTNL) ).

Sri Adhikari Brothers Television Network Limited has announced that shareholders have approved several key resolutions via a postal ballot conducted through remote e-voting, including an amendment to the object clause of its Memorandum of Association, a change in the company’s name with related alterations to its constitutional documents, and the appointment of a statutory auditor to fill a casual vacancy. These approvals signal a strategic repositioning of the company’s corporate objectives and brand identity, while also reinforcing its governance framework through the timely appointment of a new auditor, developments that may influence how the company is perceived in the market and how it executes its future business plans.

More about Sri Adhikari Brothers Television Network Limited

Sri Adhikari Brothers Television Network Limited operates in the media and entertainment industry, historically focused on television broadcasting and related content businesses in India. The company’s securities are listed on both BSE and the National Stock Exchange of India, giving it access to public capital markets and a broad base of shareholders.

Average Trading Volume: 2,711

Technical Sentiment Signal: Buy

Current Market Cap: 40.6B INR

See more data about SABTNL stock on TipRanks’ Stock Analysis page.

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