Archive · 18 Nov 2025
SAB TV Network: Top Management Resigns Amidst Change in Control
The top management of SAB TV Network, including the Chairman and Managing Director, have resigned due to a change in management and control.
This follows an open offer by Grow House Wealth Management Pvt Ltd to acquire a significant stake in the company.
The company's stock has been put under surveillance due to increased volatility.
Ravi Gautam Adhikari resigns as Chairman and Non-Executive Director
Managing Director Kailasnath Markand Adhikari also resigns
Non-Executive Director Latasha Laxman Jadhav and Independent Directors Umakanth Bhyravajoshyulu, Ganesh Prasad Raut, and Pritesh Rajgor step down
Resignations follow an open offer by Grow House Wealth Management Pvt Ltd
SAB TV Network shares locked in 5% upper circuit at Rs 1,076.35
- Who
- Ravi Gautam Adhikari, Kailasnath Markand Adhikari, Latasha Laxman Jadhav, Umakanth Bhyravajoshyulu, Ganesh Prasad Raut, Pritesh Rajgor
- What
- Resigned from their respective posts at SAB TV Network
- When
- November 18, 2025
- Where
- SAB TV Network Ltd
- Why
- Due to a change in management and control following an open offer
- Resigning Officials
- Ravi Gautam Adhikari (Chairman & Non-Executive Director), Kailasnath Markand Adhikari (Managing Director), Latasha Laxman Jadhav (Non-Executive Director), Umakanth Bhyravajoshyulu, Ganesh Prasad Raut, Pritesh Rajgor (Independent Directors)
- Open Offer Entity
- Grow House Wealth Management Pvt Ltd, acting on behalf of Kurjibhai Premjibhai Rupareliya and Leading Leasing Finance and Investment Company Ltd (LLFICL)
- Proposed Acquisition
- Up to 53,46,238 equity shares, representing 13.24% of the emerging voting share capital
- Previous Significant Sale
- 1.5 crore equity shares to Kurjibhai Rupareliya in June, accounting for around 59.12% of the company's existing equity share capital at that time
- Stock Status
- Locked in 5% upper circuit at Rs 1,076.35, under long-term ASM Stage 1 framework