Sadbhav Infrastructure Projects Ltd disclosed the voting results of its 20th Annual General Meeting (AGM) held on September 30, 2026. All resolutions contained in the notice dated September 5, 2026, were approved by the requisite majority of shareholders.

The meeting was conducted via Video Conferencing and Other Audio Video Means due to regulatory guidelines. Voting took place through remote e-voting and e-voting during the AGM session. The consolidated scrutinizer's report on these voting modes has been enclosed with the disclosure filed with BSE Limited and National Stock Exchange of India Ltd.

Meeting attendance details

The company reported specific attendance figures for members participating through electronic means. The total number of shareholders as on the record date was 53,387. Attendance via physical presence or proxy was marked as not applicable due to the virtual format of the meeting.

Voting process and approval

Shareholders exercised their voting rights through two distinct mechanisms: remote e-voting prior to the meeting and e-voting during the live AGM session. The disclosure confirms that every resolution proposed by the Board received the necessary shareholder approval to pass. The Executive Chairman, Shashin V. Patel, signed the digital submission confirming the completion of the statutory requirements under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sadbhav Infrastructure Projects has scheduled its 20th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will be held via Video Conferencing or Other Audio-Visual Means at 12:00 pm.

The company approved the disposal of two material subsidiaries, Sadbhav Maintenance Infrastructure Private Limited and Sadbhav Infra Solutions Private Limited, during its board meeting on September 5, 2026. The board also recommended appointing M/s. O R Maloo & Co. as statutory auditor for a five-year term.

Subsidiary Disposal Details

The board considered the sale, transfer, or liquidation of the target subsidiaries, involving assets exceeding 20% of their total assets. This results in cessation of control, complying with Regulations 24(5) and 24(6) of SEBI LODR Regulations, 2015.

Neither entity contributed to turnover in FY25-26. The transaction is not a related-party transaction. Sale agreements and buyer details remain unconfirmed.

Auditor Appointment

Following the resignation of M/s. S G D G & Associates LLP on August 12, 2026, a casual vacancy arose. The Audit Committee recommended M/s. O R Maloo & Co. (FRN: 135561W) under Section 139 of the Companies Act, 2013.

Subject to shareholder approval, the firm will serve from the conclusion of the 20th AGM in 2026 until the 25th AGM in 2031. The firm brings over 35 years of experience in infrastructure, real estate, and manufacturing.

AGM Agenda Items

Shareholders will vote on routine business items including:

• Reappointment of Director: Reappointment of Mr. Siddharth Vyas, who retires by rotation.
• Independent Directors: Appointment of Mr. Ankit Kishorbhai Shah and Mr. Jaldeep Prakashbhai Patel for five-year terms starting August 11, 2026.
• Cost Auditor: Ratification of remuneration for M/s. J. B. Mistri & Co. for FY26-27.
• Pledge of Shares: Approval for pledging shares in five material subsidiaries, including Maharashtra Border Check Post Network Limited and Sadbhav Hybrid Annuity Project Limited.