Sadbhav Infrastructure Project Approves FY Results and Appoints New Chief Financial Officer
Sadbhav Infrastructure Project Limited announced significant board decisions following a meeting held on May 27, 2026. During the meeting, the Board of Directors approved the company's standalone and consolidated audited financial results for the quarter and the year ended March 31, 2026.In connection with the financial performance, the Board noted that the Auditors' Report on the standalone and consolidated audited financial results contained a modified opinion regarding the figures for the quarter and year ended March 31, 2026. The company issued a statement detailing the impact of this audit qualification.
Key Management Appointment
Separately, the Board of Directors, following the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Kaivan Vora as the Chief Financial Officer (CFO) of the Company. This appointment is effective from May 27, 2026, placing him in the category of Key Managerial Personnel.Mr. Vora's profile indicates he holds a Master of Business Administration (MBA) in Finance. He brings extensive experience spanning over 18 years in various domains including corporate finance, treasury management, project finance, banking operations, working capital management, and fund raising. His professional history includes exposure to the infrastructure, banking, and pharmaceutical sectors through his association with Sadbhav group, Otsuka Pharmaceutical India Private Limited, and ICICI Bank Limited.
A summary of the details regarding Mr. Kaivan Vora's appointment is provided below:
| Disclosure Requirement | Details |
|---|---|
| Reason for Change | On the recommendation of Nomination and Remuneration Committee, the Board of Directors appointed Mr. Kaivan Vora as Chief Financial Officer of the Company. |
| Date of Appointment | The appointment is effective from May 27, 2026. |
| Brief Profile | Mr. Kaivan Vora is a seasoned finance professional with over 18 years of diversified experience in corporate finance, treasury management, project finance, banking operations, working capital management, and fund raising. He has extensive exposure in infrastructure, banking, and pharmaceutical sectors. |
| Shareholding in the Company | Nil |
| Names of Listed Entities | Nil |
SADBHIN Stock Price Movement
Sadbhav Infrastructure Project Limited shares slipped by 1.49% on Wednesday, settling at ₹2.65 in after-hours trading. The stock saw significant activity, recording a total traded volume of 148,746 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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