Please find enclosed comments made by the Board of Director on the fine Imposed by the Stock Exchnage

Sebi PenaltyRegulatory & Legal View source PDF

SADBHAV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.6%1-day move

₹9.45

prior close

₹10.13

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-3.2-7.5-7.5-2.5+1.6-1.1-2.3+2.5-1.2+5.8-7.5-3.1——

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AI summary

Sadbhav Engineering Ltd has disclosed that the Board of Directors met on May 30, 2026 to discuss a penalty imposed by both NSE and BSE. The penalty was levied for non-compliance with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which pertains to the required composition of the Board of Directors. The Board has decided to pay the fines as specified in the notices from both exchanges. The company stated it is actively searching for suitable candidates to fill the vacant director position to achieve compliance with the regulation.

Likely market impact

This is a regulatory compliance issue indicating governance weakness. While the fine amount is not disclosed, the company faces reputational risk and potential continued scrutiny until proper board composition is achieved.