This media firm, whose shares rose 89,000% in last 5 years, announces 1:10 stock split

This media firm, whose shares rose 89,000% in last 5 years, announces 1:10 stock split

• Sri Adhikari Brothers announces 1:10 stock split to boost retail participation
• Shares rose 1.6% after announcement, up 89,000% in five years
• Board approved borrowing Rs 500 crore and promoter loans Rs 100 crore

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Shares of Sri Adhikari Brothers Television Network Ltd rose 1.6% to Rs 1,705 apiece on January 6 after the media and entertainment firm announced a 1:10 stock split.

Shares of the smallcap firm rose a gravity-defying 89,000% in the last five years.

"The Board of Directors has approved the sub-division/split of existing 1 (one) equity share of face value of Rs 10 each, fully paid-up into 10 (Ten) equity shares of face value of Re 1 each, fully paid- up. The record date for the purpose of above sub-division/split of equity shares shall be decided after obtaining shareholders’ approval through a Postal Ballot," said Sri Adhikari Brothers Ltd in a stock exchange filing on January 6.

The split of equity shares will make the shares more affordable and attractive to invest, thereby encouraging greater participation of retail investors and will also enhance the liquidity of the company's shares in the market, Sri Adhikari Brothers told stock exchanges.

Established in 1994, Sri Adhikari Brothers Television Network Ltd, is a media company and operates in the field of content production and syndication of content to various broadcasters, aggregators and satellite networks.

On January 6, the Board of Directors of the company has also approved the acceptance of loans from the promoter up to an extent of Rs 100 crore, including the option to convert such loans into equity shares of the company and recommended the same for shareholders’ approval through a postal ballot.

In Q2FY26, the company reported a standalone net profit of Rs 14.1 crore, nearly 83 times higher than the Rs 0.17 crore posted in Q2FY25. Revenue from operations surged 244.44% YoY to Rs 4.34 crore during the quarter ended September 30, 2025.

The Board of Directors has also, on January 6, approved the borrowing powers of the company where the total borrowed amount shall not exceed the sum of Rs 500 crore and recommended the same for shareholders’ approval through a postal ballot.

The Board of Directors have also appointed Srivatsava Sunkara as Chairperson of the company with effect from January 6, 2026.

"He has experience in Artificial Intelligence and the development of Large Language Models (LLMs), with proven expertise in transforming organizational operations to enhance efficiency and foster innovation," said Sri Adhikari Brothers.