Mumbai: Shri Adhikari Brothers (SAB) Television Network has reappointed Markand Adhikari as Chairman and Managing Director, effective from August 18, 2024, to August 17, 2029.
In a notification to the Bombay Stock Exchange, the network announced that its Board of Directors has approved a proposal to increase the company’s Authorized Share Capital from Rs 48.50 crore to Rs 56.40 crore, pending shareholder approval.
According to the intimation, The Board of Directors of the Company, in their meeting, considered and approved an increase in the Authorized Share Capital of the Company from the existing Rs 48,50,00,000 to Rs 56,40,00,000 and corresponding amendments to Clause V of the Memorandum of Association of the Company, subject to the approval of the shareholders.
The network informed BSE that, based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders, Markand Adhikari had been re-appointed as Chairman & Managing Director of the Company for a period of 5 years, from 18th August 2024 to 17th August 2029, and would be liable to retire by rotation.
Adhikari possesses over 37 years of experience in the Media & Entertainment industry. He is spearheading the group’s venture into filmmaking, positioning SABTNL as a media conglomerate with interests in publishing, content production, broadcasting, and film production.
