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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Sadbhav Engineering Ltd

Sadbhav Engineering Q2 FY27 Results; Statutory Auditor Resigns

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 04 Nov 2026, 08:29 PM IST  ·  BSE ID: f54947b4-52ae-4e9e-9d6f-e190f89116ab
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its financial results for July-September 2026 and its independent auditors resigned, citing reduced operations.
🤖 AI Summary
  • Board approved standalone and consolidated unaudited financial results for Q2 FY27 and half year ended September 30, 2026.
  • Revenue from operations for Q2 FY27 reached Rs. 3,693 Lakhs.
  • Statutory Auditors M/s. Manubhai & Shah LLP resigned effective November 4, 2026.
  • Auditor's resignation reason cited as significant reduction in Company's operational activities.
  • Limited Review Reports with modified opinions were enclosed for the unaudited results.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27 Standalone)
3,693 Lakhs
Total Comprehensive Loss (Q2 FY27 Standalone)
11,858.76 Lakhs
Basic & Diluted Loss Per Share (Q2 FY27 Standalone)
6.92
Loans to RPTPL under qualified opinion
20123.30 Lakhs
Contract Assets under qualified opinion
35019.52 Lakhs
🏢 How This Affects the Company
📈
Business Impact
The auditor's stated reason for resignation, a significant reduction in operational activities, indicates a contraction in the company's core business scope.
💰
Financial Impact
Standalone revenue from operations for Q2 FY27 was Rs. 3,693 Lakhs, with a reported loss for the period.
⚙️
Operational Impact
The resignation of the statutory auditor due to reduced operational activities signals a scaling down or contraction of the company's projects and execution capabilities.
⚠️
Risk Impact
The auditors expressed a qualified conclusion on the recoverability of Rs. 20123.30 Lakhs loan to RPTPL and Rs. 35019.52 Lakhs contract assets, indicating significant financial uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the disclosed financial performance and the departure of the statutory auditors, which may indicate underlying business challenges.
🔍
Management Signal
Management's decision to approve the auditor's resignation due to reduced operational activities suggests an acknowledgement of scaled-down business scope.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for changes in revenue from operations.
Appointment of new statutory auditors — assess qualifications and reputation.
Updates on recoverability of RPTPL loans and contract assets.
HIGH RISK Qualified auditor opinion on substantial receivables, auditor resignation citing reduced operations, and stated going concern uncertainty.
💡 Investor Takeaway
Sadbhav Engineering reported standalone revenue from operations of Rs. 3,693 Lakhs for Q2 FY27. Statutory auditors resigned citing a significant reduction in operational activities. The auditors provided a qualified conclusion regarding the recoverability of Rs. 20123.30 Lakhs in loans and Rs. 35019.52 Lakhs in contract assets.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone Other Equity increased to Rs. 104722.57 Lakhs as of September 30, 2026, from Rs. 102053.48 Lakhs as of March 31, 2026.
  • Current loans and advances increased to Rs. 42188.79 Lakhs as of September 30, 2026, from Rs. 39825.21 Lakhs as of March 31, 2026.

⚠️ Concerns

  • Standalone revenue from operations for Q2 FY27 was Rs. 3,693 Lakhs, lower than Rs. 4,148.11 Lakhs in Q2 FY26.
  • The statutory auditor resigned due to a significant reduction in the Company’s operational activities, effective November 4, 2026.
❓ Frequently Asked Questions
What was Sadbhav Engineering's standalone revenue from operations in Q2 FY27?
Sadbhav Engineering's standalone revenue from operations for the quarter ended September 30, 2026 (Q2 FY27) was Rs. 3,693 Lakhs.
Why did Sadbhav Engineering's statutory auditors resign?
M/s. Manubhai & Shah LLP, the statutory auditors, resigned due to a significant reduction in Sadbhav Engineering's operational activities, effective November 4, 2026.
What significant financial items did the auditors express a qualified conclusion on for Sadbhav Engineering?
The statutory auditors expressed a qualified conclusion on the recoverability of Rs. 20123.30 Lakhs in loans to RPTPL and Rs. 35019.52 Lakhs in contract assets as of September 30, 2026.
What was Sadbhav Engineering's standalone total comprehensive loss for Q2 FY27?
For Q2 FY27, Sadbhav Engineering reported a standalone total comprehensive loss of Rs. 11,858.76 Lakhs.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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