Sadbhav Infrastructure Project Limited (SIPL) has announced the resignation of its Chief Financial Officer, Mr. Jatin Thakkar, effective November 12, 2025. Thakkar is stepping down due to personal reasons, with his resignation taking effect after normal office hours on the same day. The company disclosed this information during a meeting of the Board of Directors held on November 12, 2025, where they also approved the standalone and consolidated unaudited financial results for the quarter and half-year ending September 30, 2025. The results were in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In the same board meeting, the directors appointed Mr. Kedar Pandya as the new Company Secretary and Compliance Officer, effective immediately after Thakkar’s departure. Pandya, a member of the Institute of Company Secretaries of India (ICSI), is expected to bring a fresh perspective to the role, leveraging his expertise in corporate law, legal drafting, and compliance with listed companies. His appointment aims to strengthen the governance framework at Sadbhav Infrastructure.

The company’s financial performance for the period reveals a total asset value of ₹13,257.92 million, a slight decrease from ₹13,271.70 million as of March 31, 2025. Notably, total equity stands at ₹5,790.07 million, reflecting a downward shift from ₹6,159.69 million in the previous audited period. The board's recent decisions, alongside the changes in key managerial personnel, aim to enhance operational efficiency and ensure robust financial management as SIPL navigates future projects.