Sri Adhikari Brothers Television Network : Defaults on Payment of Interest/Principal

April 29, 2022

To,

The Manager

National Stock Exchange of India Ltd.

Exchange Plaza, C/1, Block G

Bandra - Kurla Complex, Bandra (East) Mumbai 400 051

Fax No.: 2659 8237 / 38/8347/48 / 66418124/25/26

NSE Symbol: SABTN

Dear Sir,

Sub: Disclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019/ 140 dated November 21, 2019

We enclose herewith the disclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P /2019 / 140 dated November 21, 2019, for the quarter ended March 31, 2022.

Sri Adhikari Brothers Television Network Limited ("SABTNL") is currently undergoing Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 ("Code"). Therefore, the debts of SABTNL shall be resolved in accordance with the provisions of the Code.

Yours faithfully,

For Sri Adhikari Brothers Television Network Limited

Vijendra Kumar Jain

Resolution Professional (IBBI/IPA-001/IP-P00721/2017-18/11253)

Encl.: As above

(Sri Adhikari Brothers Television Network Limited is under corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from December 20, 2019, its affairs, business and assets are being managed by, and the powers of the board of directors are vested in the Resolution Professional, Mr. Vijendra Kumar Jain, appointed by Hon'ble National CompanyLaw Tribunal, Mumbai Bench, vide order dated December 20, 2019)

Disclosure as per SEBI circular dated November 21, 2019 in respect of defaults of payment of interest/ repayment of principal amount on loans/ financial institutions and listed debt securities as at March 31, 2022

Sr.	Type of disclosure	In INR crore
1	Loans / revolving facilities like cash credit from banks / financial institutions	178.86
A	Total amount outstanding as on date	178.86
B	Of the total amount outstanding, amount of default as on date	178.86
2	Unlisted debt securities i.e. NCDs and NCRPS	NIL
A	Total amount outstanding as on date	NIL
B	Of the total amount outstanding, amount of default as on date	NIL
3	Total financial indebtedness of the listed entity including short-term and long-term debt	193.34

Note:

As the Company is under Insolvency and Bankruptcy Code 2016 (IBC) and all the lenders have filed their claims and therefore, all amounts outstanding as per Financial Statements are considered as in default.