Sadbhav Infrastructure Project Limited Board Approves New Directors, Audits Resignation and Q2 Financial Results
Sadbhav Infrastructure Project Limited conducted a Board of Directors meeting on August 11, 2026, during which several key corporate decisions were made, including the adoption of unaudited financial results for the quarter ended June 30, 2026, the appointment of two new Additional Directors, and the approval of the resignation of its statutory auditors.The Board meeting approved both the standalone and consolidated Unaudited Financial Results of the Company for the quarter ending June 30, 2026. Additionally, the board considered and approved the resignation of M/s. SGDG & Associates LLP, Chartered Accountants, effective August 12, 2026.
Key Director Appointments Announced
The Board appointed Mr. Jaldeep Prakash Patel (DIN: 11821907) and Mr. Ankit Kishorbhai Shah (DIN: 11821847) as Additional Directors of the Company in the capacity of Non-Executive Independent Director, effective August 11, 2026. These appointments are subject to approval by shareholders at the upcoming General Meeting.The company welcomed Mr. Patel and Mr. Shah to the board, who bring extensive experience to their respective roles.
| Director Name | Role & Appointment Details | Profile Highlights |
|---|---|---|
| Jaldeep Prakash Patel (DIN: 11821907) | Additional Non-Executive Independent Director appointed effective August 11, 2026. | Has over 20 years of experience in Sales & Marketing across India and global regions. Previously led integrated brand campaigns for major brands at companies such as LG Electronics India and Triton Advertising. |
| Ankit Kishorbhai Shah (DIN: 11821847) | Additional Non-Executive Independent Director appointed effective August 11, 2026. | Possesses over 20 years of experience in the steel trading industry, where he played a pivotal role at Jainex Steel. Holds a Master's degree in Finance from KS School of Management, Ahmedabad. |
Statutory Auditor Resignation Details
The company approved the resignation of its statutory auditor, M/s. SGDG & Associates LLP, effective August 12, 2026. The firm indicated that the reason for their resignation was the prolonged absence and size of operational activities in the Company compared to the scale and resources of the audit firm.Future Asset Management Plans
The Board discussed several future plans involving the sale, disposal, and lease of assets across various subsidiaries. These potential actions are subject to shareholder approval at the ensuing General Meeting. The planned actions include:- Sale, disposal, and lease of assets, including pledge of shares by the Company in Sadbhav Hybrid Annuity Projects Limited (SHAPL).
- Pledge of shares in Maharashtra Border Check Post Limited (MBCPNL).
- Sale, disposal, and lease of assets involving subsidiaries Sadbhav Nainital Highway Limited (SNHL), Sadbhav Rudrapur Highway Limited (SRHL), and Sadbhav Vidarbha Highway Limited (SVHL).
Annual General Meeting Details
The 20th Annual General Meeting of the Company is scheduled to be held on Wednesday, September 30, 2026, via Video Conferencing or Other Audio-Visual Means. Members holding shares as of August 28, 2026, are entitled to receive the Annual Report for 2025-26. The remote e-voting period will run from Sunday, September 27, 2026, at 9:00 a.m., until Tuesday, September 29, 2026, at 5:00 p.m.SADBHIN Stock Price Movement
Shares of Sadbhav Infrastructure Project Limited slipped by 0.37% to settle at ₹2.61 on Tuesday. The equity saw a traded volume of 73,943 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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