Board meet: Q1 results, auditor exit, 2 independent directors appointed
SADBHIN · price
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Sadbhav Infra Project board met on 11 Aug 2026. Approved Q1 FY27 (June 2026) unaudited results with a modified opinion. Appointed Mr. Jaldeep Patel and Mr. Ankit Shah as Non-Executive Independent Directors, subject to shareholder nod. Statutory auditor SGDG and Associates resigned w.e.f. 12 Aug, citing limited operational scale. Board approved pledging shares and asset sales at subsidiaries SHAPL, MBCPNL, SNHL, SRHL and SVHL, subject to approvals. 20th AGM on 30 Sep 2026.
Modified audit opinion and auditor exit may raise concerns; subsidiary asset actions could affect financials. New independent directors strengthen board.