Sadbhav Engineering Approves ₹203 Crore Preferential Debt Conversion

Board approved preferential issue of up to 22.04 Cr shares: 14.48 Cr to lenders at Rs 9.34 for Rs 135.2 Cr coupon conversion and 7.56 Cr to promoter at Rs 9 for Rs 68 Cr loan conversion. Advances the RBI resolution plan through staged lender-obligation conversion and promoter loan conversion, extending the restructuring process. Issue remains subject to shareholder, statutory and regulatory approvals; ownership dilution and the eventual impact on debt obligations are not disclosed.