Sadbhav Infrastructure Projects has announced the appointment of Mr. Siddharth Bhupendrabhai Vyas as a Non-Executive Director, effective September 4, 2025. This strategic move, approved by the company's Board of Directors through a circular resolution, aims to strengthen SIPL's leadership team.

Appointment Details

The appointment of Mr. Vyas comes on the recommendation of SIPL's Nomination and Remuneration Committee. His position as a Non-Executive Director will be subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 30, 2025. Mr. Vyas will be liable to retire by rotation, as per the company's statement.

Professional Background

Mr. Siddharth Bhupendrabhai Vyas brings a wealth of experience to his new role:

• Holds a Master's degree in Business Administration from the National Institute of Management (NIM)
• Extensive experience working with top management and as a Chief Financial Officer (CFO)
• Expertise in financial modelling, policy making, implementation, and financial discipline

Key Points of the Appointment

Compliance and Disclosure

SIPL has made this announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Vyas is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Annual General Meeting

In addition to the appointment, SIPL's Board of Directors has approved the notice for the company's Annual General Meeting, which is set to take place on September 30, 2025. Shareholders will have the opportunity to vote on Mr. Vyas's appointment during this meeting.

This appointment reflects SIPL's commitment to enhancing its corporate governance and bringing diverse expertise to its board. Mr. Vyas's background in financial management and strategy is expected to contribute significantly to the company's future growth and decision-making processes.

Sadbhav Infrastructure Projects has reported a turnaround in its financial performance for the first quarter, posting a consolidated net profit of INR 258.57 million compared to a loss of INR 159.29 million in the same quarter last year.

Revenue Growth

The company's revenue from operations increased by 11.7% year-over-year to INR 1,862.81 million, up from INR 1,668.24 million in the corresponding quarter of the previous year. This growth was primarily driven by improved performance across its infrastructure projects.

Profitability Improvement

Sadbhav Infrastructure's profitability saw a significant improvement, with the company reporting a profit before exceptional items and tax of INR 356.11 million, compared to a loss of INR 138.34 million in the corresponding quarter of the previous year. This turnaround can be attributed to better operational efficiency and cost management.

Financial Highlights

Segment Performance

The company's operating segment is identified as "Design, Build, Operate and Transfer (DBOT)" or "Hybrid Annuity" basis. Sadbhav Infrastructure's management reviews business performance at an overall group level as one segment.

Balance Sheet Position

The group's accumulated losses exceeded its paid-up capital by INR 5,758.11 million. However, the management remains confident about the company's ability to continue as a going concern, citing improvements in liquidity position due to the conclusion of stake sales and harmonious substitution of Special Purpose Vehicles (SPVs).

Future Outlook

Sadbhav Infrastructure's management has stated that the company holds investments in two toll road and two Hybrid Annuity Model (HAM) assets. They are focusing on monetization of assets, realization of claims, and cost control measures to improve the company's financial position.

Corporate Governance

The company has scheduled its 19th Annual General Meeting to be conducted virtually. The board has also approved both standalone and consolidated results during their meeting.

Sadbhav Infrastructure Projects continues to navigate challenges in the infrastructure sector while showing signs of recovery in its financial performance. The company's focus on operational efficiency and strategic asset management will be crucial for sustaining this positive momentum in the coming quarters.