Sadbhav Infra Board Approves AGM Notice, Auditor Appointment, and Asset Disposal
Sadbhav Infrastructure Project Ltd's Board of Directors met on September 5, 2026, approving the notice for the Annual General Meeting (AGM) scheduled for September 30, 2026. Key decisions included recommending the appointment of M/s. O R Maloo & Co. as Statutory Auditors, subject to shareholder approval, to fill a casual vacancy. The board also approved the sale, transfer, or disposal of assets exceeding 20% of material subsidiaries, Sadbhav Maintenance Infrastructure Private Limited and Sadbhav Infra Solutions Private Limited, potentially leading to a cessation of control. The appointment of the new auditors is for a term of five consecutive years, from the conclusion of the 2026 AGM until the conclusion of the 2031 AGM.
Key Highlights
- AGM notice approved for September 30, 2026.
- M/s. O R Maloo & Co. recommended as new Statutory Auditors.
- Approval for disposal of assets in material subsidiaries.
- New auditors appointed for a five-year term.
- Potential cessation of control over subsidiaries discussed.
Price Impact
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