Sadbhav Engineering Corrects Balance Sheet Figures in Q2 FY26 Results

Sadbhav Engineering Limited (SEL) has issued a corrigendum to its consolidated financial results for the quarter and half year ended September 30, 2025, addressing typographical errors in its balance sheet figures.

Key Corrections

The company has revised two significant items in its balance sheet:

Item	Original Figure	Corrected Figure
Equity Share Capital	Rs. 4,963.21 lakhs	Rs. 1,715.71 lakhs
Other Equity	Rs. (27,286.03) lakhs	Rs. (24,038.53) lakhs

Impact on Financial Results

SEL clarified that these corrections do not affect the profit and loss statement or other balance sheet items. The standalone results for Q2 FY26 show:

Net loss: Rs. 1,091.94 lakhs

Financial Performance

The consolidated financial results for Q2 FY26 reveal:

Revenue from operations: Rs. 24,988.63 lakhs
Total income: Rs. 30,537.42 lakhs
Profit before tax: Rs. 3,503.01 lakhs
Profit after tax: Rs. 2,685.66 lakhs

Other Notable Points

The company's auditors have expressed a qualified opinion on certain aspects of the financial results, including concerns about the recoverability of contract assets and compliance with regulatory requirements.
SEL is currently facing challenges in meeting its payment obligations to suppliers and statutory authorities, with delays in loan repayments leading to most lenders classifying the company's accounts as Non-Performing Assets.
The management has submitted a restructuring plan to the consortium of lenders, which includes asset monetization, fund infusion by promoters, and other strategic initiatives.

Management's Outlook

Despite the current financial challenges, the management remains confident in the company's ability to resume operations and generate cash flows. They cite the ongoing restructuring plan, expected realization of receivables, and potential growth in the infrastructure sector as key factors supporting their optimistic outlook.

Investors and stakeholders are advised to closely monitor the company's progress in implementing its restructuring plan and resolving the issues raised in the auditors' report.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.27%	-1.25%	-5.80%	-19.23%	-59.93%	-78.03%

Sadbhav Engineering Limited , a prominent infrastructure development company, has announced the resignation of Jatin Thakkar from his position as Non-Executive Director. The company disclosed this information in a regulatory filing to the stock exchanges.

Key Details of the Resignation

Aspect	Details
Director Name	Jatin Thakkar
DIN	09312406
Position	Non-Executive Director
Effective Date	November 12, 2025 (close of business hours)
Reason	Personal reasons and to explore another opportunity

Impact on Company Structure

The resignation of Jatin Thakkar affects the composition of Sadbhav Engineering's board of directors. As per the company's statement, Thakkar will be relieved from his roles and responsibilities after the close of normal office hours on the specified date.

Regulatory Compliance

Sadbhav Engineering Limited has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details as required under the SEBI regulations, including the reason for the change and the effective date of cessation.

Company's Statement

In its filing, Sadbhav Engineering stated, "Mr. Jatin Thakkar (DIN: 09312406) has tendered his resignation as a Non-Executive Director of the Company with effect from 12/11/2025, due to his personal reasons and to explore another opportunity."

The company has not announced any immediate plans for replacing Thakkar on the board.