Vikram Patel Disposes 4,37,500 Equity Shares in Sadbhav Engineering to Promoter Group

Vikram Rasiklal Patel has disposed of 4,37,500 equity shares in Sadbhav Engineering Limited through an off-market transfer to Shashin Vishnubhai Patel, as disclosed in a regulatory filing dated January 2, 2026. The disposal represents 0.25% of the company's total share capital and was completed on December 26, 2025.

Transaction Details

The share disposal was executed through an off-market transfer to Shashin Vishnubhai Patel, who is identified as a member of the promoter group. The transaction was disclosed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Parameter	Details
Shares Disposed	4,37,500 equity shares
Percentage of Total Capital	0.25%
Transaction Date	December 26, 2025
Transfer Mode	Off-market transfer
Transferee	Shashin Vishnubhai Patel (Promoter Group Member)

Shareholding Pattern Changes

Following this disposal, Vikram Rasiklal Patel's shareholding in Sadbhav Engineering Limited has decreased significantly. The transaction represents an internal transfer within the promoter group structure, with shares moving from one promoter group member to another.

Holding Period	Number of Shares	Percentage of Total Capital	Percentage of Diluted Capital
Before Disposal	32,97,249	1.92%	1.82%
After Disposal	28,59,749	1.67%	1.58%
Net Change	-4,37,500	-0.25%	-0.24%

Company Capital Structure

Sadbhav Engineering Limited's capital structure remains unchanged following this internal transfer. The company maintains its equity base with shares listed on both major Indian stock exchanges.

Capital Component	Details
Equity Share Capital	171,570,800 shares of ₹1.00 each
Total Diluted Capital	181,570,800 shares of ₹1.00 each
Stock Exchanges	BSE Limited (Code: 532710) and NSE (Symbol: SADBHAV)

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Vikram Rasiklal Patel, who belongs to the promoter group, filed the necessary intimation with both stock exchanges and the company's compliance officer. The transaction represents a routine internal restructuring within the promoter group holdings, with no change to the overall promoter group stake in the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.36%	-14.74%	-2.32%	-12.35%	-59.86%	-82.73%

Sadbhav Engineering Limited has taken decisive action to address regulatory compliance matters concerning board composition requirements, with the company's board approving payment of penalties imposed by stock exchanges.

Board Meeting and Compliance Resolution

The company's board of directors convened to address the matter of non-compliance with board composition requirements under Regulation 17(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board formally approved the payment of fines as specified by both the National Stock Exchange of India Limited and BSE Limited in their respective notices.

Parameter	Details
Regulation	SEBI LODR Regulation 17(1)
Exchanges Involved	NSE and BSE
Action Taken	Fine payment approved

Regulatory Compliance Achievement

The board was informed that the company has successfully ensured due compliance with Regulation 17(1) following a key appointment. The appointment of a new director has enabled Sadbhav Engineering to meet the prescribed board composition requirements under the SEBI regulations.

Stock Exchange Communication

Sadbhav Engineering Limited has formally communicated this development to both major stock exchanges where its shares are listed. The company has ensured transparency in regulatory compliance matters by addressing the communication to the Corporate Relationship Departments of both exchanges.

Corporate Governance Measures

The resolution of this compliance matter demonstrates the company's commitment to adhering to regulatory requirements and maintaining proper corporate governance standards. The board's proactive approach in addressing the non-compliance issue and implementing corrective measures reflects responsible corporate management practices.