A meeting of the Board of Directors of Sadbhav Engineering Limited was held on Wednesday, 4th November 2026, commencing at 6:00 PM and concluding at 8:00 PM.

Key Business Transacted

1. Approval of Financial Results

The Board approved and adopted the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended 30th September 2026. This was done pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following documents were referenced:

  • Standalone and Consolidated Unaudited Financial Results for the quarter and half year ended 30th September 2026.
  • A Standalone and Consolidated Limited Review Report for the aforementioned results, which contains a modified opinion.

2. Resignation of Statutory Auditors

The Board considered and approved the resignation of the Company's statutory auditors, M/s. Manubhai & Shah LLP, Chartered Accountants. The resignation is effective from the close of business hours on 4th November 2026.

Details of Auditor Resignation

The letter of resignation from Manubhai & Shah LLP, dated 4th November 2026, specifies the reason for resignation as a "significant reduction in Company's operational activities coupled with the matters stated in the qualified opinion/conclusion on Company's financial statements/results." The firm stated that its client acceptance and continuance policy does not permit it to continue as statutory auditor under these circumstances.

The auditors confirmed there are no other material reasons for the resignation, in accordance with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019.

Auditor Tenure and History

Manubhai & Shah LLP was initially appointed at the annual general meeting held on 30th September 2019 for a term of five consecutive financial years (2020-2021 to 2024-2025). Their term was scheduled to expire at the conclusion of the annual general meeting for the financial year 2029-2030.

Prior to resignation, the firm submitted its latest Limited Review report on 4th November 2026 for the standalone and consolidated financial results for the quarter and period ended 30th September 2026. The firm also audited the financial statements for the year ended 31st March 2026.

The annexure provided confirms that the auditor was not prevented from performing appropriate audit procedures, that a lack of information did not have a significant impact on previous financial statements, and that no other facts are relevant to the resignation.