Announced Tue, 25 Aug · 19:15 IST
SBI and ICICI Bank join Sadbhav Engineering debt restructuring plan
SADBHAV · price
▲ 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
+4.1%1-day move
₹8.14
prior close
₹8.14
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-1.1-0.7-1.4+4.1+9.2+3.8-1.4-1.5+0.4-7.7———
Up moveDown movePending
AI summary
Sadbhav Engineering has added SBI and ICICI Bank as assenting lenders to its debt restructuring plan signed earlier in March 2026. Total debt of Rs 194.93 crore (fund-based Rs 167.86 crore and non-fund-based Rs 27.07 crore) is being restructured under RBI stressed assets framework. Fund-based debt will convert into non-convertible debentures, with part of interest also converting to equity. Promoter debt will also convert to equity. Lenders get nominee director rights.
Likely market impact
Signals financial stress; restructuring may dilute equity but could ease debt burden and avoid default.