Sadbhav Engineering Approves AGM Notice & Preferential Issue

Sadbhav Engineering Ltd's Board of Directors has approved the notice for the 37th Annual General Meeting (AGM) scheduled for September 30, 2026. The board also approved the issuance of equity shares on a preferential basis. This includes up to 14,47,94,474 equity shares at ₹9.34 per share to lenders and up to 7,55,55,555 equity shares at ₹9.00 per share to promoter group member Mr. Shashin Patel. These issuances are part of a resolution plan to convert outstanding obligations and loans, subject to regulatory and shareholder approvals.