Sadbhav Infra reports Q2 & H1 FY26 results, appoints new CS, and CFO resigns
Sadbhav Infra reported Q2 & H1 FY26 losses, appointed Kedar Pandya as CS & Compliance Officer, and accepted CFO Jatin Thakkar's resignation. Auditors issued a qualified opinion on subsidiary investments.
The announcement includes substantial financial losses, a qualified audit opinion, and a 'going concern' warning, which are critical factors that typically have a high impact on investor perception and stock performance. The change in key management positions also adds to the significance.
The company reported significant standalone losses for both the quarter and half-year. The auditor's qualified opinion on the recoverability of investments in key subsidiaries (RPTPL and RHTPL) and the explicit mention of 'going concern' issues are significant negative indicators, despite management's confidence.
* The Board of Directors of Sadbhav Infrastructure Project Limited met on Wednesday, November 12, 2025, to approve and adopt the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025. * For the quarter ended September 30, 2025, the company reported a standalone loss before tax of ₹58.62 million (₹5.86 crore) and a total comprehensive loss of ₹58.62 million (₹5.86 crore). * For the half year ended September 30, 2025, the standalone loss before tax was ₹1369.62 million (₹136.96 crore) and total comprehensive loss was ₹1380.51 million (₹138.05 crore). * The Board approved the appointment of Mr. Kedar Pandya as the Company Secretary & Compliance Officer, effective November 12, 2025. * Mr. Jatin Thakkar resigned from the position of Chief Financial Officer (CFO) due to personal reasons, effective November 12, 2025. * The company's statutory auditors expressed a qualified conclusion on the unaudited standalone financial results regarding the recoverable value of the company's investments and loans given to subsidiaries Rohtak Panipat Tollway Private Limited (RPTPL) and Rohtak Hissar Tollway Private Limited (RHTPL). * Management acknowledges substantial losses and concerns about the company's ability to continue as a going concern but is confident in its assessment due to improving liquidity from asset monetization, claim realizations, and cost control measures.
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Sadbhav Infrastructure Project Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sadbhav Infrastructure Project Limited. Read the original for the full detail.