Sri Adhikari Brothers Television Network Ltd has approved the resignation of Chairperson Kiran Kumar Inampudi and appointed Srivatsava Sunkara as the new Chairperson. The board also approved a 1:10 share split, signaling strategic restructuring aimed at enhancing shareholder value and strengthening leadership for future growth.
Sri Adhikari Brothers Television Network Ltd has announced significant board-level changes alongside a corporate action to restructure its equity base. The company confirmed the resignation of Chairperson Kiran Kumar Inampudi and the appointment of Srivatsava Sunkara as the new Chairperson. In addition, the board approved a share split in the ratio of 1:10, aimed at improving liquidity and accessibility for investors.
Key highlights from the announcement include
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Board approved the resignation of Chairperson Kiran Kumar Inampudi.
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Srivatsava Sunkara has been appointed as the new Chairperson of the company.
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The board sanctioned a share split in the ratio of 1:10, reducing the face value of shares to make them more affordable for retail investors.
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The leadership transition is expected to bring fresh strategic direction to the company’s operations.
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The share split is designed to enhance market participation and improve trading volumes.
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Industry observers note that the twin developments reflect the company’s focus on governance and shareholder-friendly measures.
The announcements mark a pivotal moment for Sri Adhikari Brothers Television Network Ltd, combining leadership renewal with a corporate action that could boost investor confidence. The company’s proactive steps highlight its commitment to strengthening governance and enhancing shareholder value.
Sources: Reuters, Economic Times, Business Standard