Announced Tue, 1 Sept · 22:54 IST
Sadbhav to issue up to 22 crore shares to lenders and promoter for debt conversion
SADBHAV · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹8.03
prior close
₹8.43
base price
After-mkt
timing
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+0.0+0.0+0.0+0.0+0.2+1.7+0.1-0.9+4.0-1.6————
Up moveDown movePending
AI summary
Sadbhav Engineering board approved issuing up to 22.03 crore equity shares at Rs 9.34 per share (Rs 9 to promoter) to eight lenders including SBI, PNB, ICICI, Axis and Union Bank, plus promoter Shashin Patel. The allotment is under an RBI-approved debt resolution plan (Master Restructuring Agreement dated August 25, 2026), converting about Rs 203 crore of debt and unsecured loans into equity. The 37th AGM is scheduled on September 30, 2026.
Likely market impact
Debt-to-equity conversion under RBI resolution plan causes significant equity dilution but reduces debt burden. Pending shareholder approval.