Catalyst Trusteeship Limited has taken a significant action against Sadbhav Engineering , invoking a pledge on a substantial portion of the company's shares. This development comes in the wake of default events and failure to meet debt obligations related to non-convertible debentures issued by Sadbhav Infrastructure Project Limited.

Pledge Invocation Details

Catalyst Trusteeship Limited, acting as the debenture trustee for the benefit of debenture holders, invoked a pledge over 1,83,50,000 equity shares of Sadbhav Engineering. This represents 10.70% of the company's total share capital, which stands at 17,15,70,800 shares.

Background of the Pledge

The pledged shares were originally secured through a deed. The pledgors involved in this arrangement were:

1. Sadbhav Finstock Private Limited
2. Shashin Vishnubhai Patel

Both entities had provided these shares as collateral for the non-convertible debentures issued by Sadbhav Infrastructure Project Limited.

Regulatory Disclosure

In compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Catalyst Trusteeship Limited filed a disclosure. The disclosure, signed by Deesha Srikkanth, Senior Vice President of Catalyst Trusteeship Limited, provides detailed information about the share acquisition resulting from the pledge invocation.

Impact on Shareholding

The invocation of the pledge has resulted in a significant change in the shareholding pattern of Sadbhav Engineering. The details are as follows:

Implications

This event signals financial stress for Sadbhav Infrastructure Project Limited, the issuer of the non-convertible debentures. The invocation of the pledge by Catalyst Trusteeship Limited suggests that there have been difficulties in meeting the debt obligations associated with these debentures.

For Sadbhav Engineering, this development could potentially lead to changes in the company's ownership structure and may have implications for its future strategic decisions.

Investors and stakeholders of both Sadbhav Engineering and Sadbhav Infrastructure Project Limited will likely be closely monitoring the situation for any further developments or potential impacts on the companies' operations and financial health.

Sadbhav Engineering Limited (SEL), a prominent player in the infrastructure sector, has announced significant corporate developments that signal a strategic move to strengthen its leadership team and engage with shareholders.

New Non-Executive Director Appointment

The company has appointed Mr. Siddharth Bhupendrabhai Vyas as a Non-Executive Director, subject to shareholder approval. This decision, made through a circular resolution by the Board of Directors on September 4, 2025, comes on the recommendation of the Nomination and Remuneration Committee.

Mr. Vyas brings a wealth of experience to the board:

• Holds an MBA from the National Institute of Management (NIM)
• Extensive experience working with top management and as a CFO
• Expertise in financial modeling, policy making, implementation, and financial discipline

The appointment is effective from September 4, 2025, and Mr. Vyas will be liable to retire by rotation. It's noteworthy that he is not related to any existing directors or key managerial personnel of the company and currently holds no shares in Sadbhav Engineering Limited.

Annual General Meeting Scheduled

In the same board resolution, Sadbhav Engineering Limited approved the notice for its Annual General Meeting (AGM). The AGM is scheduled to take place on Tuesday, September 30, 2025, providing an opportunity for shareholders to engage with the company's management and vote on important matters.

Regulatory Compliance

The company has made these announcements in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move underscores SEL's commitment to transparency and adherence to regulatory standards.

Looking Ahead

The appointment of Mr. Vyas and the scheduling of the AGM reflect Sadbhav Engineering's proactive approach to corporate governance and stakeholder engagement. As the company moves forward, these developments may play a crucial role in shaping its strategic direction and financial performance in the infrastructure sector.