25-Aug-2026 19:13:26
SADBHAVGeneral news
SADBHAV ENGINEERING : ADDS SBI, ICICI BANK TO DEBT RESTRUCTURING PLAN
• Sadbhav Engineering Limited has executed a Deed of Accession to its Master Restructuring Agreement ('MRA') with SBI and ICICI Bank as assenting lenders for its debt restructuring plan. • The lenders entered into the agreement as of August 25, 2026. • The Deed of Accession records the terms of the restructuring plan with ICICI Bank and State Bank of India for debt aggregating to ₹194.93 Crores (₹167.86 Cr fund-based, ₹27.07 Cr non-fund based). • The fund-based exposure will be restructured as non-convertible debentures.
Sadbhav Engineering Limited
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