A meeting of the Board of Directors of Sadbhav Infrastructure Project Limited was held on Tuesday, 11th August 2026, commencing at 08:00 PM and concluding at 10:30 PM. The Board considered and approved the following agenda items:
1. Financial Results Approval
The Board approved and adopted the standalone and consolidated Unaudited Financial Results of the Company for the quarter ended 30th June 2026. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is submitting:
- Standalone and consolidated Unaudited Financial Results for Q1 FY27
- Limited Review Report with Modified opinion with respect to these Unaudited Financial Results
2. Director Appointments
On the recommendation of the Nomination and Remuneration Committee and subject to approval of shareholders at the ensuing General Meeting, the Board appointed two Additional Directors:
- Mr. Jaldeep Prakash Patel (DIN: 11821907) as Non-Executive Independent Director
- Mr. Ankit Kishorbhai Shah (DIN: 11821847) as Non-Executive Independent Director
Both appointments are effective from 11th August 2026. They are not liable to retire by rotation and will hold office until the conclusion of the ensuing General Meeting. The appointments are for five consecutive years commencing from the date of passing of special resolution by members.
Director Profiles:
- Mr. Jaldeep Prakash Patel has over 20 years of experience in Sales & Marketing, currently serving as Business Development and Strategic Growth leader at Binary Republik. He has held leadership positions with LG Electronics India, Triton Media, RMG Connect Advertising, and Optimum Media (Mudra Group).
- Mr. Ankit Kishorbhai Shah has over 20 years of experience in the steel trading industry and is a key force behind Jainex Steel. He holds a Master's degree in Finance from KS School of Management, Ahmedabad.
Both directors are not related to any existing Directors or Key Managerial Personnel of the Company. They hold no shares in the company and hold no directorships in other listed entities.
3. Asset Transactions in Material Subsidiaries
The Board approved seeking shareholder approval for various asset transactions in material subsidiaries:
- Sadbhav Hybrid Annuity Projects Limited (SHAPL): Sale, disposal, lease of assets and pledge of shares pursuant to Regulation 24(5) and (6) of SEBI LODR
- Maharashtra Border Check Post Limited (MBCPNL): Pledge of shares pursuant to Regulation 24(5) of SEBI LODR
- Sadbhav Nainital Highway Limited (SNHL), Sadbhav Rudrapur Highway Limited (SRHL), and Sadbhav Vidarbha Highway Limited (SVHL): Sale, disposal, lease of assets and pledge of shares pursuant to Regulation 24(6) of SEBI LODR
All approvals are subject to shareholder approval at the ensuing General Meeting and relevant regulatory/statutory approvals.
4. Auditor Resignation
The Board considered and approved the resignation of Statutory Auditors M/s. SGDG & Associates LLP, Chartered Accountants, effective 12th August 2026.
The resignation letter dated 11th August 2026 from SGDG & Associates LLP (Firm Registration No. W100188, LLP Identity No. AAI-3248) stated the reason for resignation as "prolonged absence of operational activities and size of Company's operations as compared to the scale and resources of the audit firm." The firm confirmed there are no other material reasons for resignation.
The auditors were re-appointed at the 17th Annual General Meeting held on September 30, 2023, to serve until the conclusion of the 22nd Annual General Meeting.
5. Annual General Meeting Details
The 20th Annual General Meeting of the Company will be held on Wednesday, 30th September 2026 through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Shareholder Details:
- Members holding shares as on Friday, 28th August 2026 (cut-off date) will be entitled to receive the Annual Report for 2025-26
- Remote e-voting period: Sunday, 27th September 2026 at 9:00 AM to Tuesday, 29th September 2026 at 5:00 PM
- Cut-off date for remote e-voting: Wednesday, 23rd September 2026