Sadbhav Infrastructure to pay fines for board composition lapse

0 min read Updated on 29 May 2026, 09:35 AM

Reviewed by

Anirudha BScanX News Team

AI Summary

Sadbhav Infrastructure Project Limited will pay fines imposed by BSE and NSE for non-compliance with Regulation 17(1) regarding Board composition. The Board, in a meeting on May 27, 2026, decided to comply with the penalty and is searching for a suitable director to rectify the lapse.

*this image is generated using AI for illustrative purposes only.

Sadbhav Infrastructure Project Limited will pay fines imposed by stock exchanges for non-compliance with regulations regarding the composition of its Board of Directors. The decision follows notices received from BSE Limited and National Stock Exchange of India Ltd. regarding the lapse under Regulation 17(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors discussed the matter during its meeting held on May 27, 2026. The Board confirmed that the company will pay the fines as specified by the exchanges in their communications, which included an email from BSE and letters from NSE dated May 27, 2026.

To address the root cause of the non-compliance, the Board stated that it is actively searching for a suitable candidate for the post of director. The appointment is intended to ensure the company meets the requirements stipulated by the aforementioned regulations.

The intimation was signed by Shashin Patel, Executive Chairman of Sadbhav Infrastructure Project Limited. The company has requested the exchanges to take note of the Board's decision and the ongoing efforts to rectify the board composition.

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%

What is the timeline for appointing a new director to comply with Regulation 17(1)?

How will the fines impact Sadbhav Infrastructure's financial performance in the upcoming quarter?

Could this non-compliance affect investor confidence or the company's stock price?

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Sadbhav Infrastructure authorizes KMPs for disclosures

1 min read Updated on 29 May 2026, 09:35 AM

Reviewed by

Riya DScanX News Team

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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.

*this image is generated using AI for illustrative purposes only.

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?