Sadbhav Infra Q2 FY26: standalone loss, going concern flag, CFO quits

Going-concern doubtQualified audit opinionEmphasis of matterNet loss reportedExceptional itemRevenue declinedResults View source PDF Explain this filing

SADBHIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.6%Reaction day

₹3.88

prior close

₹3.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.5% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5sector+4.5%-9.1% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 9.1 pts less than its Road Assets - Toll Annuity Hybrid-Annuity peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-3.1

15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-0.1-4.5+4.5-9.1

Next day

-4.9-0.2-4.7-0.7-4.2

-3.9+0.4-4.3-1.9-2.0

-3.6-0.4-3.2-2.5-1.1

-4.6-0.6-4.1-3.1-1.6

-5.2-0.9-4.3-5.2+0.0

-7.2-3.0-4.2-11.3+4.1

15d

-4.9-3.9-1.0-12.4+7.5

-6.2-4.8-1.4-11.4+5.2

-6.2-7.8+1.6-12.1+5.9

-2.1-7.2+5.2-24.6+22.6

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The company posted standalone loss of Rs 175.06 million for Q2 FY26 and Rs 369.92 million for H1 FY26 against Rs 100.67 million profit in H1 FY25. Revenue from operations is near zero. Auditor issued a qualified review, unable to corroborate over Rs 9,245 million in investments, loans and receivables to three subsidiaries. Material uncertainty on going concern was flagged due to sustained losses and debenture holder demands. CFO Jatin Thakkar resigned for personal reasons; Kedar Pandya named Company Secretary.

Likely market impact

Going concern flag, qualified audit, near-zero revenue and CFO exit are serious red flags for shareholders.