
Sadbhav Infrastructure Board Approves Unaudited Results, Appoints Directors
Sadbhav Infrastructure Project Ltd's Board of Directors met on August 11, 2026, to approve standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The board also appointed Mr. Jaldeep Prakash Patel and Mr. Ankit Kishorbhai Shah as Additional Directors (Non-Executive Independent). Additionally, approvals were granted for the sale, disposal, and lease of assets, including pledge of shares, for material subsidiaries Sadbhav Hybrid Annuity Projects Limited, Maharashtra Border Check Post Limited, Sadbhav Nainital Highway Limited, Sadbhav Rudrapur Highway Limited, and Sadbhav Vidarbha Highway Limited, subject to shareholder and regulatory approvals. The resignation of statutory auditors, M/s. SGDG & Associates LLP, was accepted, effective August 12, 2026. The Annual General Meeting is scheduled for September 30, 2026.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Two new Non-Executive Independent Directors appointed.
- Approvals for asset disposal and share pledges in subsidiaries.
- Statutory Auditors resigned; resignation effective August 12, 2026.
- AGM scheduled for September 30, 2026.
Price Impact
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