Sri Adhikari Brothers: Resolution plan implemented a year early

Sri Adhikari Brothers Television Network Limited (SABTNL) has filed its annual report for the financial year ended March 31, 2025. The report confirms that the company successfully implemented its resolution plan on May 27, 2025, one year ahead of schedule, paying off all financial and operational creditors. This follows the NCLT's approval of the plan on December 8, 2023.

The company's financial highlights for FY 2024-25 show revenue from operations of INR 601.34 lakhs (standalone) and INR 610.52 lakhs (consolidated). SABTNL reported a loss after tax of INR (2,236.83) lakhs (standalone) and INR (2,238.99) lakhs (consolidated) for the year. The company's total comprehensive income for the period was INR (2,236.83) lakhs (standalone) and INR (2,238.27) lakhs (consolidated).

The board of directors’ composition as of March 31, 2025, includes eight directors, with five independent directors, two non-executive non-independent directors, and one executive director. Key managerial changes include Markand Adhikari's resignation as chairman & managing director on August 14, 2024, and Kailasnath Markand Adhikari's appointment as managing director on the same date. The company also confirmed compliance with all mandatory listing requirements and adopted a Business Responsibility and Sustainability Report.