Please find enclosed comments made by the board of directors on the fine imposed by the stock exchange

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SADBHIN · price

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+8.2%1-day move

₹2.69

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₹2.60

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AI summary

Sadbhav Infrastructure Project Ltd received fines from both NSE and BSE for failing to comply with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which relates to Board composition requirements. The matter was discussed in the Board meeting held on May 27, 2026. The Board decided that the company will pay the fines as specified by both exchanges. The company also acknowledged it is actively searching for suitable candidates to fill director positions to achieve compliance with the regulation.

Likely market impact

The fine indicates a regulatory compliance issue but the company's willingness to pay and address the underlying Board composition gap suggests remediation is underway. Shareholders should monitor progress on appointing independent directors.