Sadbhav Infrastructure Project Limited — Others, 12-02-2025: Resignation

Sadbhav Infrastructure Project Ltd. reported its standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The standalone revenue from operations was ₹16.65 Cr, with a net loss of ₹174.15 Cr. The results reflect substantial challenges, particularly highlighted by significant losses due to impaired investments in subsidiaries amid ongoing disputes with the National Highway Authority of India (NHAI).

The company also accepted the resignation of Company Secretary Mr. Hardik Modi and Independent Director Mrs. Daksha Shah, indicating possible shifts in management structure. Investors may view this as a sign of strategic realignment, although ongoing financial pressures and operational uncertainties present potential risks. Overall, the current outcomes suggest a cautious outlook for the company moving forward.