AGM/EGM25 Sept 2026, 05:40 pm
Sadbhav Engineering Ltd: Addendum to AGM Notice for Preferential Allotment
AI Summary
Sadbhav Engineering Ltd has issued an addendum to its 37th Annual General Meeting (AGM) notice, scheduled for September 30, 2026. This addendum provides additional disclosures for agenda items 8 and 9 concerning a preferential allotment of up to 22,03,50,029 shares. The addendum clarifies that only Shashin Patel from the promoter group intends to subscribe, and it details the pre- and post-issue shareholding patterns. The preferential issue is linked to debt restructuring and conversion of lender debt, as per RBI guidelines.
Key Highlights
- Addendum issued for 37th AGM concerning preferential allotment.
- Preferential issue aims to allot over 22 crore shares.
- Only promoter Shashin Patel intends to subscribe.
- Shareholding patterns pre- and post-allotment detailed.
- Issue linked to debt restructuring and lender debt conversion.
Price Impact
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