Sadbhav Infrastructure authorizes KMPs for disclosures
Sadbhav Infrastructure Project Limited has authorized its directors and Key Managerial Personnel (KMPs) to determine the materiality of events and make disclosures to stock exchanges following the appointment of Mr. Kaivan Vora as CFO. The authorization supersedes earlier intimations and is in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board has designated specific officers for two distinct purposes: determining materiality and making disclosures.
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Sadbav Infrastructure Project Limited has authorized its directors and Key Managerial Personnel (KMPs) to determine the materiality of events and make disclosures to stock exchanges following the appointment of Mr. Kaivan Vora as CFO. The authorization supersedes earlier intimations and is in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted this filing to BSE Limited and National Stock Exchange of India Limited on May 28, 2026.
The Board has designated specific officers for two distinct purposes: determining materiality and making disclosures. Mr. Shashin V. Patel, Chairman & Whole Time Director, and Mr. Kaivan Vora, CFO, are authorized for both determining materiality and making disclosures. Mr. Kedar Pandya, Company Secretary, is authorized solely for the purpose of making disclosures to the stock exchanges.
Authorized Personnel
The following table details the directors and KMPs authorized by the company:
| Sr. No. | Name of KMP | Designation | Contact Details |
|---|---|---|---|
| A | For determining materiality and making disclosures: | ||
| 1 | Mr. Shashin V. Patel | Chairman & Whole Time Director | Tel: 079-40400400 Email: Investor@sadbhavinfra.co.in |
| 2 | Mr. Kaivan Vora | CFO | Tel: 079-40400400 Email: Investor@sadbhavinfra.co.in |
| B | For making disclosures: | ||
| 1 | Mr. Kedar Pandya | Company Secretary | Tel: 079-40400400 Email: Investor@sadbhavinfra.co.in |
The filing was signed by Shashin V. Patel, Executive Chairman of Sadbhav Infrastructure Project Limited.
Historical Stock Returns for Sadbhav Infrastructure Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.91% | +1.83% | -1.42% | -23.84% | -44.29% | -87.70% |
How will the appointment of Mr. Kaivan Vora as CFO influence the company's financial strategy and capital allocation in the coming fiscal year?
What specific criteria will the newly authorized officers use to determine the materiality of events under Regulation 30(5)?
Could this restructuring of disclosure responsibilities signal upcoming strategic shifts or increased transparency initiatives for Sadbhav Infrastructure?
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