37th AGM on Sep 30, 2026; debt restructuring via equity to lenders and promoter
SADBHAV · price
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Sadbhav Engineering 37th AGM on Sep 30, 2026 via video conferencing. Key items: issue up to 14.48 crore equity shares at Rs. 9.34 each to 8 lenders (SBI, PNB, Axis, etc.) under RBI Resolution Plan, worth about Rs. 135.24 crore. Also issue 7.56 crore shares at Rs. 9 each to promoter Shashin Patel by converting about Rs. 68 crore unsecured loan into equity. Raise authorized capital from Rs. 50 crore to Rs. 100 crore. Appoint two new independent directors. Reappoint Mr. Siddharth Vyas.
Significant equity dilution from debt restructuring and promoter loan conversion. Promoter converting loan to equity shows support. Share count will rise materially.