Sadbhav Engineering: 2 Lenders Accede to Debt Restructuring

Sadbhav Engineering Limited announced that two additional lenders, State Bank of India and ICICI Bank, have executed a Deed of Accession to the Master Restructuring Agreement (MRA). This accession, effective August 25, 2026, brings these lenders into the debt restructuring plan for the company. The agreement pertains to a debt aggregating to Rs. 194.93 Crores, comprising fund-based exposure of Rs. 167.86 Crore and non-fund based limits of Rs. 27.07 Crore. The fund-based exposure will be restructured as non-convertible debentures. Key terms include lenders' right to appoint nominee directors, conversion of interest into equity, and conversion of promoter debt into equity.