Sadbhav Infrastructure Project Board Addresses Non-Compliance, Plans Director Appointment
Sadbhav Infrastructure Project Limited held a Board of Directors meeting on May 27, 2026, to address matters pertaining to the composition of its Board and associated compliance requirements. The meeting focused specifically on non-compliance issues and corresponding fines levied by the stock exchanges.During the session, the Board discussed the matter of non-compliance with requirements related to the composition of the Board of Directors. The company acknowledged the fines imposed by both the National Stock Exchange of India Ltd. (NSE) and the Bombay Stock Exchange (BSE) concerning this lapse.
Following the discussion, the Board determined that Sadbhav Infrastructure Project Limited would pay the fines as specified by the Exchanges in their official notices and letters.
In addition to settling the financial penalties, the Board further confirmed that the company is actively searching for a suitable candidate for the post of director. This effort aims to ensure continuous compliance with the necessary corporate regulations governing the composition of the company's board.
SADBHIN Stock Price Movement
Sadbhav Infrastructure Project Limited shares slipped by 1.49% on Wednesday, closing at ₹2.65. The stock saw a total traded volume of 148,746 shares throughout the session.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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