Sadbav Engineering Limited disclosed a non-compliance with board composition requirements under Regulation 17 and the payment of a fine, according to an intimation dated May 30, 2026. The company confirmed that the comments from its board addressed the failure to meet specific regulatory standards regarding its directorial structure.

Regulatory Non-Compliance

The filing specifically cited violations related to the composition of the board. While the detailed nature of the composition gap was not elaborated upon in the document, the company acknowledged the lapse in adhering to the mandated requirements set forth by the relevant regulations.

Financial Penalty

As a consequence of the non-compliance, Sadbhav Engineering Limited paid a fine. The document confirms the settlement of this financial penalty, though the specific amount was not disclosed in the available information. The payment serves as a resolution to the regulatory action taken against the company for the structural oversight.

Sadbhav Engineering Limited has appointed Mrs. Radhika Bhavin Tanna as its Company Secretary and Compliance Officer. The appointment necessitated the authorization of specific personnel to determine the materiality of events and make disclosures to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has authorized Mr. Shashin V. Patel, Chairman and Managing Director, and Mrs. Radhika Bhavin Tanna to determine the materiality of information. Additionally, Mrs. Tanna is authorized to make disclosures to the stock exchanges. These appointments are in supersession of earlier intimations.

Authorized Personnel for Materiality and Disclosures

The following table details the personnel authorized for materiality determination and disclosures:

The authorization ensures compliance with regulatory requirements regarding timely and accurate disclosures to the BSE Limited and the National Stock Exchange of India Ltd.