Sadbhav Engineering Limited — Others, 14-08-2025: Shareholders meeting

Sadbhav Engineering's Board has approved the financial results for the quarter ended June 30, 2025, reporting a standalone loss of 0.42 Cr and a consolidated loss of 19.94 Cr. Mr. Shashin Patel was re-appointed as Chairman and Managing Director until December 2028, pending shareholder approval at the upcoming Annual General Meeting (AGM) on September 30. Despite auditor concerns about going concern due to financial difficulties and loan defaults, management is confident in its restructuring plan, including asset monetization and arbitration settlements, to restore operational stability. Shareholders should note the record date of September 23 for AGM participation.