Board approves payment of fines for non-compliance with board composition norms

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SADBHAV · price

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Price reactionminutes from the announcement price · days from the prior close

+5.6%Reaction day

₹10.45

prior close

₹10.64

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+5.9% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5sector-0.1%+5.7% vs sector

On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 5.7 pts more than its Road Assets - Toll Annuity Hybrid-Annuity peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

+0.6

15m

+6.4

30m

+4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.6-0.3+5.9-0.1+5.7

Next day

+18.2+0.9+17.2-0.2+18.4

+40.6+2.3+38.3-1.5+42.1

+29.1+2.4+26.7+0.4+28.7

+22.7+1.8+20.9-1.7+24.4

+16.6+1.3+15.3-0.9+17.4

+5.4+0.4+4.9-2.9+8.2

15d

-15.6-1.1-14.5-6.1-9.4

-31.5-3.3-28.1-10.0-21.4

-19.4-0.5-18.9-7.6-11.8

-23.4-8.2-15.3-22.0-1.5

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sadbhav Engineering's board approved payment of fines imposed by NSE and BSE for non-compliance with Regulation 17(1) of SEBI LODR Regulations, which governs the composition of the Board of Directors. The non-compliance arose due to insufficient directors on the board. After appointing Mr. Siddharth Vyas as a Non-Executive Director, the company has restored compliance. The board met on December 17, 2025 and decided to pay the fines as specified by the exchanges.

Likely market impact

Minor penalty paid for governance lapse in board composition. Issue now rectified with new director appointment. Limited impact on shareholders.