Sri Adhikari Brothers to split equity shares from Rs 10 to Re 1

MUMBAI: Sri Adhikari Brothers Television Network Limited is setting the stage for a fresh chapter. Through a postal ballot launched this week, the company has put forward a bundle of proposals that signal renewal, ambition and a clear bid to draw investors back into the spotlight.

At the heart of the move is a share split. The company plans to subdivide its equity shares from a face value of Rs 10 to Re 1 each. In simple terms, every existing share would turn into ten smaller ones, without changing the overall value of a shareholder’s holding. The idea is straightforward and popular in the market: make shares more affordable, boost liquidity and invite wider participation from retail investors.

Alongside the split, the company will alter the capital clause of its memorandum of association to reflect the new share structure. While this sounds technical, it is largely a housekeeping exercise needed to align legal documents with the proposed change.

Money, however, is where things get more interesting. Shareholders are being asked to approve the acceptance of unsecured loans of up to Rs 100 crore from the company’s promoter, with an option to convert those loans into equity shares at a later stage. The company says this promoter-backed funding would give it breathing room to reboot operations without the heavy interest burden that comes with traditional bank borrowing.

In a related move, the board is also seeking approval to significantly enhance its borrowing powers, lifting the overall cap to Rs 500 crore. This is positioned as a financial toolkit for future restructuring, expansion and strategic flexibility, rather than an immediate borrowing spree.

Leadership changes complete the picture. Managing director Srivatsava Sunkara has been appointed chairperson, subject to shareholder approval. A technologist by training and a strategist by reputation, Sunkara brings over two decades of experience across artificial intelligence, fintech and enterprise technology. The company is betting that his combined roles will provide sharper direction and faster decision making at a time when momentum matters.

Voting on all five resolutions will take place entirely online, with the e voting window open from 14 January to 12 February 2026. Results will be announced shortly after.

Taken together, the proposals read like a deliberate reset. Smaller shares, promoter support, expanded borrowing headroom and a reinforced leadership structure. For Sri Adhikari Brothers, this postal ballot is not just about compliance. It is a statement of intent to turn the page and make the story worth watching again.