Sadbhav Engineering Signs ₹1,517 Cr Debt MRA

Sadbhav Engineering Limited executed a Master Restructuring Agreement on March 25, 2026 with six consortium lenders covering total debt of ₹1,516.71 crore.
The restructuring covers fund-based exposure of ₹906.35 crore (to be converted into non-convertible debentures) and non-fund-based limits of ₹610.36 crore.
Part of interest obligations on debentures and promoter debt are proposed to be converted into equity, with pricing per SEBI and RBI guidelines.
Lenders have been granted the right to appoint nominee directors; no fresh funding is provided under the MRA.