Announced Sat, 5 Sept · 22:03 IST
New auditor appointed, plans to divest two material subsidiaries
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————
Up moveDown movePending
AI summary
Board appointed M/s. O R Maloo & Co as new Statutory Auditor for 5 years (till 2031) to fill the casual vacancy after previous auditor S G D G & Associates LLP resigned effective August 12, 2026. Board also approved sale, transfer or disposal of assets exceeding 20 percent in two material subsidiaries: Sadbhav Maintenance Infrastructure Pvt Ltd and Sadbhav Infra Solutions Pvt Ltd, which may result in loss of control. AGM notice approved for September 30, 2026.
Likely market impact
Auditor change follows a midterm exit, and the planned subsidiary divestment signals restructuring of non-core or underperforming units.