Sadbhav Engineering Limited disclosed the shareholding position of its promoters and promoter group as of March 31, 2026, complying with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, submitted by Shashin V. Patel on behalf of all promoters and the promoter group, details the total equity shares held and the number of encumbered shares. The declaration confirms that no new encumbrances were created during the financial year ended March 31, 2026, other than those already disclosed.

The disclosure covers eight entities and individuals associated with the company. Shashin V. Patel, a member of the promoter group, holds the largest stake among the group members. The total shareholding data provides transparency regarding the ownership structure and any pledges against the shares held by the promoters.

Shareholding Details

The following table outlines the number of equity shares held and encumbered by each member of the promoter and promoter group as of March 31, 2026:

Regulatory Compliance

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited. The document confirms that the promoters have not made any encumbrance of shares directly or indirectly during the financial year ended March 31, 2026, other than those already disclosed. The filing was signed by Shashin V. Patel, a member of the promoter group duly authorized by the promoters and members of the promoter group.

Sadbhav Engineering Limited has returned to profitability for the financial year ended March 31, 2026, reporting a consolidated net profit of ₹9,468.95 lakh. This marks a significant turnaround from the net loss of ₹16,569.76 lakh recorded in the previous financial year ended March 31, 2025. The company’s total income from operations for the year stood at ₹97,272.85 lakh, compared to ₹103,644.53 lakh in the prior year.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹12,229.78 lakh, a reversal from the net loss of ₹16,533.35 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter was ₹27,094.15 lakh, down from ₹28,977.51 lakh in the same period last year. On a standalone basis, the net profit for the quarter was ₹2,944.09 lakh.

Financial Performance

The company’s earnings per share (EPS) on a consolidated basis for the year ended March 31, 2026, was ₹1.53, compared to a loss of ₹11.04 per share in the previous year. For the quarter, the consolidated EPS stood at ₹4.73. The paid-up equity share capital remained constant at ₹1,715.71 lakh with a face value of Re. 1 each.

Key Appointments and Governance

The Board of Directors, at its meeting held on May 30, 2026, appointed Mr. Hitesh Chelani as the Chief Financial Officer (CFO) and Mrs. Radhika Bhavin Tanna as the Company Secretary and Compliance Officer, effective May 30, 2026. These appointments were made pursuant to Section 203 of the Companies Act, 2013 and relevant SEBI regulations. The audited financial results were reviewed by the Audit Committee and approved by the Board.

Audit Qualifications and Restructuring

The statutory auditors, Manubhai & Shah LLP, issued a qualified opinion on the standalone and consolidated financial results. Key qualifications include the recoverability of contract assets amounting to ₹35,019.32 lakh, investments and loans to subsidiary Sadbhav Infrastructure Project Limited (SIPL) aggregating ₹87,802.93 lakh, and outstanding dues from step-down subsidiary Rohtak Panipat Tollway Private Limited (RPTPL) of ₹20,178.30 lakh. Additionally, the auditors noted the non-appointment of a CFO since April 8, 2024, prior to the recent appointment.

During the quarter, the consortium lenders implemented the Restructuring Plan approved under the RBI Directions, 2019. Consequently, the company executed a Master Restructuring Agreement and issued secured Non-Convertible Debentures (NCDs) aggregating ₹71,325 lakh. The plan also involves the waiver of additional interest above 9%, resulting in an exceptional income of ₹15,638.89 lakh.

Key Financial Metrics