StockWatch
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Civil Construction
Board Meeting11 Aug 2026, 11:10 pm

Sadbhav Infra Appoints Two Directors, Auditor Resigns

AI Summary

Sadbhav Infrastructure Project Ltd announced the appointment of Mr. Jaldeep Prakash Patel and Mr. Ankit Kishorbhai Shah as Additional Directors (Non-Executive Independent) effective August 11, 2026. The company also approved its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, along with a limited review report. Additionally, the Board accepted the resignation of statutory auditors, M/s. SGDG & Associates LLP, effective August 12, 2026. The company also discussed potential sale, disposal, lease of assets, and pledge of shares for its material subsidiaries. The 20th Annual General Meeting is scheduled for September 30, 2026.

Key Highlights

  • Two new Non-Executive Independent Directors appointed.
  • Unaudited financial results for Q1 FY27 approved.
  • Statutory Auditors M/s. SGDG & Associates LLP resigned.
  • AGM scheduled for September 30, 2026.
  • Discussions on subsidiary asset sales and share pledges.