Sadbhav Engineering Limited has informed the Exchange regarding Change in Director(s) of the company.
SADBHAV · price
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Sadbhav Engineering's board approved standalone and consolidated unaudited results for Q1 FY26 (quarter ended June 30, 2025), reporting standalone revenue of Rs. 3,301.52 lakhs (down sharply from Rs. 11,316.28 lakhs in Q1 FY25) and a net loss of Rs. 42.05 lakhs, narrower than the Rs. 2,213.14 lakh loss a year ago. The board re-appointed Mr. Shashin Patel as Chairman and Managing Director for three years from December 17, 2025, subject to shareholder approval. The 36th AGM is scheduled for September 30, 2025, with a record date of September 23, 2025. Auditors issued a qualified review report flagging multiple issues, including a going-concern uncertainty, non-appointment of a CFO since April 2024, and questions over recoverability of dues from subsidiaries and tollway SPVs.
Negative near-term: collapsing revenue, ongoing lender defaults (NPA status), historic NCLT admission, and a vacant CFO role signal serious financial stress despite a narrowing loss. The re-appointment of the existing CMD provides leadership continuity but does not address the deep going-concern and governance concerns highlighted by auditors.