Sadbhav Engineering Limited has informed the Exchange regarding 'Intimation of comments made by Board of Directors on non-compliance with therequirements pertaining to composition of Board of Directors.'.
SADBHAV · price
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Sadbhav Engineering Limited has informed the stock exchanges that its Board of Directors met on May 30, 2026 to discuss non-compliance with board composition requirements under SEBI Listing Regulations. The company failed to comply with Regulation 17(1) which mandates proper composition of the Board of Directors. As a result, both NSE and BSE have imposed fines on the company for this non-compliance. The Board has decided to pay the fines as specified by both exchanges. Additionally, the company has stated that it is currently searching for suitable candidates to fill the required director positions to ensure future compliance with the regulations.
This indicates governance non-compliance which could raise concerns among investors about the company's internal controls. The fines imposed by exchanges represent a direct financial impact, though relatively small. The company is actively working to rectify the board composition issue.