Corporate Governance5 Sept 2026, 10:20 pm
Sadbhav Infra Board Comments on Stock Exchange Fine
AI Summary
Sadbhav Infrastructure Project Ltd's Board of Directors met on September 05, 2026, to discuss a fine imposed by the National Stock Exchange of India Ltd. and BSE Ltd. for non-compliance with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning board composition. The Board noted that compliance has been ensured following the appointment of Mr. Jaldeep Patel and Mr. Ankit Shah as Additional Directors (non-executive independent) effective August 11, 2026. The company has requested stakeholders to take note of this clarification.
Key Highlights
- Board addressed stock exchange fine regarding board composition non-compliance.
- Fine imposed by NSE and BSE for violating LODR Regulations.
- Compliance achieved with new independent director appointments.
- Company clarifies regulatory adherence post-appointments.
Price Impact
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