Sadbhav Infrastructure Project Limited has informed the Exchange regarding Change in Director(s) of the company.
SADBHIN · price
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Sadbhav Infrastructure Project has submitted a revised board meeting outcome covering multiple items. Mr. Shashin V. Patel (son of the late group Chairman) has been reappointed as Executive Chairman for 3 years effective February 14, 2026, subject to shareholder approval. The board also approved Q1 FY26 results — standalone revenue was just ₹43.55 million with a net loss of ₹171 million, while consolidated revenue rose to ₹1,862.81 million with a net profit of ₹258.57 million (₹119.78 million attributable to owners). The 19th AGM is set for September 30, 2025, with the e-voting window from September 27–29. Auditors flagged a material going concern uncertainty, qualifying their review on ₹8,047.15 million of receivables and investments tied to two toll-road subsidiaries (RPTPL and RHTPL) and ₹1,198.50 million tied to SRHL.
The going concern flag and qualified auditor opinion on nearly ₹9,000 million of subsidiary-related exposures are negative signals, though consolidated results turned profitable this quarter. Continuity of the promoter-family leadership provides stability, but the multiple pending arbitration and concession terminations keep near-term risks elevated for shareholders.