Announced Sat, 5 Sept · 22:07 IST
Board clears AGM notice, auditor change and subsidiary disposal
SADBHIN · 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
+3.1%1-day move
₹2.55
prior close
₹2.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+1.6+1.6+3.1+0.0-0.8+0.0-1.6-2.0————
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AI summary
Sadbhav Infrastructure Project board approved the AGM notice for September 30, 2026. It recommended M/s. O R Maloo and Co as new statutory auditor for 5 years (till 2031 AGM), filling the casual vacancy left by the resignation of M/s. S G D G and Associates LLP on August 12, 2026. The board also approved disposal of two material subsidiaries, Sadbhav Maintenance Infrastructure and Sadbhav Infra Solutions, both contributing negligibly to consolidated turnover.
Likely market impact
Subsidiary disposal may simplify the group. Auditor change follows prior auditors mid-term exit.