Sadbhav Engineering Board Approves Preferential Issue to Lenders and Promoter

Sadbhav Engineering Limited's Board of Directors has approved the issuance of equity shares on a preferential basis to its lenders and a promoter group member. This move is part of a resolution plan approved by lenders under the RBI framework. The company will issue up to 14,47,94,474 equity shares to lenders at ₹9.34 per share and up to 7,55,55,555 equity shares to promoter Mr. Shashin Patel at ₹9.00 per share. These issuances aim to convert outstanding obligations and loans. The board also approved the notice for the 37th Annual General Meeting scheduled for September 30, 2026.