Sadbhav Engineering Limited has informed the Exchange about General Updates
SADBHAV · price
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Sadbhav Engineering informed the exchanges that the non-compliance with Regulation 17(1) of SEBI LODR Regulations 2015 regarding board composition has been reviewed by the Board on August 14, 2025. The non-compliance arose due to the resignation of Mr. Sandip Patel as an Independent Director, leaving a vacancy on the board. The company has already paid the fines imposed by both NSE and BSE for this non-compliance. The Board is actively searching for a suitable candidate to fill the vacant Independent Director position and aims to restore compliance with SEBI Listing Regulations at the earliest.
This is a governance issue rather than a financial one. The fine has already been paid, and the company is working to fill the vacant Independent Director position. Short-term stock price may see mild pressure due to governance concerns, but impact is limited if compliance is restored quickly.