Sadbhav Infrastructure Project Limited has informed the Exchange regarding Revised Outcome of Board meeting held on August 12, 2025.
SADBHIN · price
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Sadbhav Infrastructure Project filed a revised outcome of its August 12, 2025 board meeting, which had originally missed disclosing the reappointment of Executive Chairman Mr. Shashin V. Patel for a 3-year term (Feb 14, 2026 to Feb 13, 2029), subject to shareholder approval. The board approved Q1 FY26 (quarter ended June 30, 2025) results: on a standalone basis, revenue rose to ₹43.55 million but the company posted a net loss of ₹171 million, while on a consolidated basis, revenue was ₹1,862.81 million with a net profit of ₹258.57 million (EPS of ₹0.34). The 19th AGM has been scheduled for September 30, 2025 via video conferencing, with the e-voting window from September 27-29, 2025. The auditor issued a qualified (modified) opinion, flagging inability to verify recoverable value of investments, subordinate debt, and receivables of around ₹8,047 million in two toll road subsidiaries (RPTPL and RHTPL) and ₹1,198.50 million in SRHL.
Short-term: the qualified audit opinion and going-concern flag from the auditor are negative signals, even as consolidated Q1 swung to a profit. For shareholders: the chairman's continuity is positive for stability, but unresolved disputes with NHAI, a termination notice on the MBCPNL subsidiary, and the going-concern uncertainty remain key risks to monitor ahead of the September 30 AGM.