Sadbhav Engineering Limited
Incorporated in 1988, Sadbhav EngineeringLtd is an EPC contractor of road construction, mining and irrigation
What Sadbhav files
- Others47
- Important16
- Board Meeting14
- Insider Trade5
- Credit Ratings2
- Updates2
Sadbhav Engineering approved quarterly financial results. The board appointed two new Independent Directors. Shareholders' approval will be sought to expand authorized share capital from ₹50 Cr to ₹100 Cr, signaling potential future growth initiatives.
Sadbhav Engineering's Q1 saw a consolidated profit of Rs 46.10 Cr, despite a standalone loss of Rs 9.73 Cr. The company appointed two independent directors and plans to increase authorized share capital to Rs 100 Cr. Auditors flagged going concern uncertainty and issues with asset recoverability.
Sadbhav Engineering updated authorized personnel for communicating with stock exchanges and determining material events. This follows the appointment of Mrs. Radhika Bhavin Tanna as Company Secretary & Compliance Officer.
Sadbhav Engineering's Board addressed its non-compliant director composition, deciding to pay fines levied by stock exchanges. The company is actively searching for a suitable director candidate to ensure full compliance moving forward.
Sadbhav Engineering has successfully implemented its financial restructuring plan! This is a crucial step to resolve earlier stressed assets under RBI guidelines. Major lenders, led by PNB and constituting a significant majority, confirmed the plan's implementation. This signals a positive move towards greater financial stability and a clearer path forward...