Sub. : Outcome Of The Board Meeting

• Security Code: 532710
• Company: SADBHAV

In compliance to the provisions of SEBI (LODR) Regulations 2015, this is to inform you that at meeting of Board of Directors held on today, August 14, 2017 at 11.00 a.m. and concluded at 12:50 p.m., Board of Directors has inter alia approved and adopted :

1. In compliance to Regulation 33, the Unaudited Financial Results for the Quarter ended 30.06.2017 (Q1). The copy of the said result along with Limited Review Report submitted by the Statutory Auditors of the Company are enclosed herewith.

2. The 28th Annual General Meeting of the Company will be held on Tuesday September 26, 2017 at 03:00 p.m.

3. Members of the Company, holding shares either in physical form or in dematerialized form, as on August 25, 2017 (cut off date), shall be entitled for receiving of the Annual Report for the period 2016-17, physically or through their registered mail id.

4. Register of Members and Share Transfer Books of Company shall remain closed from Saturday, September 16, 2017 to Tuesday, September 26, 2017 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend.

5. The remote e-voting period commences on September 23, 2017 @9.00 a.m. and ends on September 25, 2017 @ 5.00 p.m. During this period, Members of the Company, holding shares either in physical form or in dematerialized form, as on September 16, 2017 (cut off date for e-voting), may cast their vote through remote e-voting.

6. The Related Party Transactions with Sadbhav Udaipur Highway Pvt. Ltd.and Sadbhav Vidharbh Highway Pvt. Ltd., step down subsidiary companies, for EPC contract and other related services, subject to approval of members at ensuing Annual General Meeting.







7. The Audit Committee and the Board have recommended the appointment of M/s. Dhirubhai Shah & Doshi, Chartered Accountants (Firm Registration No. 102511W) as Statutory Auditor of the Company for a period of one year from the conclusion of this 28th Annual General Meeting (AGM) until the conclusion of the 29th Annual General Meeting to be held in year 2018 in place of M/s. Surana Maloo & Co., Chartered Accountants, Ahmedabad (Firm Registration No. 112171W) in compliance with the mandatory rotation of auditors as per the provisions of the Companies Act, 2013.

M/s. Dhirubhai Shah & Doshi was established in 1961. The firm is being managed by eight partners and supported by sixteen Chartered Accountants. The firm is registered with the Institute of Chartered Accountants of India (Firm Registration No. 102511W). They are one of the oldest firms in Gujarat spanning for more than 50 years. Their Core competence lies in the field of Audit, Advisory and Taxation.