Sadbhav Engineering Approves Preferential Issue of Shares

Sadbhav Engineering Limited's Board of Directors met on September 1, 2026, and 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 Mr. Shashin Patel, a promoter group member, converting unsecured loans. These issuances are part of a resolution plan approved by lenders under RBI framework. The Board also approved the notice for the 37th Annual General Meeting scheduled for September 30, 2026.