Sadbhav Engineering Approves ₹203 Crore Preferential Debt Conversion

Board approved preferential issuance of up to 22.04 crore shares: 14.48 crore to eight lenders at ₹9.34, converting ₹135.24 crore of NCD coupon, and 7.56 crore to promoter-group member Shashin Patel at ₹9, converting a ₹68 crore unsecured loan, subject to approvals. Context: advances the previously incomplete restructuring implementation.