StockWatch
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Civil Construction
Board Meeting13 Aug 2026, 08:50 pm

Sadbhav Engineering Proposes Share Capital Increase, Appoints Directors

AI Summary

Sadbhav Engineering Limited held a Board of Directors meeting on August 13, 2026. The board approved and adopted the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with limited review reports. Key decisions included the appointment of Mr. Jaldeep Prakash Patel and Mr. Ankit Kishorbhai Shah as Additional Directors (Non-Executive Independent) effective August 13, 2026. Furthermore, the company proposed to increase its authorized share capital from ₹50 crore to ₹100 crore, which will necessitate an alteration of the Memorandum of Association, subject to shareholder approval. The 37th Annual General Meeting is scheduled for September 30, 2026.

Key Highlights

  • Board approved Q1 FY27 unaudited financial results.
  • Appointed two new Non-Executive Independent Directors.
  • Proposes to double authorized share capital to ₹100 crore.
  • AGM scheduled for September 30, 2026.
  • Alteration of Memorandum of Association proposed.