SAB TV Network re-appoints Markand Adhikari as Chairman & MD
In its intimation to BSE, the network has also said that its Board of Directors has approved increasing the Authorized Share Capital of the company from existing Rs 48.50 crore to Rs 56.40 crore
Shri Adhikari Brothers (SAB) Television Network has reappointed Markand Adhikari as Chairman & Managing Director of the company.
Adhikari’s re-appointment will be with effect from August 18, 2024 to August 17, 2029.
In its intimation to the Bombay Stock Exchange, the network has also said that its Board of Directors has approved increasing the Authorized Share Capital of the Company from existing Rs 48.50 crore to Rs 56.40 crore subject to approval of the shareholders.
“We wish to inform you that the Board of Directors of the Company in their meeting… has considered and approved… to increase in the Authorized Share Capital of the Company from existing INR 48,50,00,000 TO INR 56,40,00,000 and corresponding amendments to the Clause V of the Memorandum of Association of the Company, subject to approval of the shareholders.”
“Based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the Shareholders, the re-appointment of Mr. Markand Adhikari as Chairman & Managing Director of the Company for a period of 5 years w.e.f. 18th August 2024 to 17th August 2029, liable to retire by rotation,” the network told BSE.
Adhikari has an experience of more than 37 years in the Media & Entertainment Industry.
He is leading the group’s foray into films which is establishing the SABTNL as a media conglomerate with a presence in publishing, content production, broadcast and filmmaking.
