Sadbhav Infrastructure Project Limited — Proxy Solicitation & Information Statement 2019

Jul 19, 2019

TODAY f OR 1 OMORHOW

Ref: SIPL/2019-20/0035

19th July, 2019

To, The Manager (Listing) The Manager (Listing) Corporate Relationship Dept. National Stock Exchange of India Limited BSE Limited "Exchange Plaza", P J Tower, Plot No C/1, G Block Dalal Street, BandraKurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051

NSE Symbol: SADBHIN (NSE)

Company Code: 539346 (BSE)

Dear Sir / Madam,

Sub: Postal Ballot Notice, Postal Ballot Form and Calendar of Events for the Postal Ballot Process

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), read with our Letter vide Ref: SIPL/2019-20 /0034 dated 18th July, 2019, please find enclosed following:

1. Copy of Postal Ballot Notice, seeking approval of the Members for sale of equity share capital of Subsidiary Companies under Section 180(1) (a) of the Companies Act, 2013.

2. Postal Ballot Form.

3. Calendar of Events for conducting the Postal Ballot.

The Postal Ballot Notice, together with Explanatory Statement and Postal Ballot Form, would be sent to the Members whose names appear on the Register of Members/list of Beneficial Owners received from the Registrar and Share Transfer Agent, National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as on 19[t] h July, 2019 i.e. Cutoff date.

The Company is pleased to provide to all its Members (holding shares both in physical and in electronic form) the facility to exercise their vote for the Postal Ballot through the electronic voting ( e-voting) services provided by CDSL. The voting through postal ballot and e-voting will commence on Monday, 29thJuly, 2019 @ 09:00 a.m. and ends on Tuesday, 27th August, 2019@ 05:00 p.m.

The results of postal ballot will be declared on Thursday, 29th August, 2019.

You are requested to take the same on record. Thanking You, Yours Faithfully,

Fo. r Sadbhaiv Infrastructure Project Limited Jf.J•ra(!,' �ardikModi Company Secretary Membership No. F9193 Encl: a.a.

Sadbhav Infrastructure Project Limited

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Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F : +91 79 26400210 E : investor@sadbhavinfra.co.in Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808

SADBHAV INFRASTRUCTURE PROJECT LIMITED

CIN: L45202GJ2007PLC049808

Registered Office: ‘Sadbhav House’ Opp. Law Garden Police Chowki Ellisbridge, Ahmedabad-380006, Gujarat Tel No. :+91-79-26463384 Fax:+91-79-26400210 E-mail: investor@sadbhavinfra.co.in Web: www.sadbhavinfra.co.in

POSTAL BALLOT NOTICE

[Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014]

Dear Member(s),

Notice is hereby given pursuant to the provisions of Section 110 and other applicable provisions, if any, of the Companies Act, 2013 (‘the Act’), read together with the Companies (Management and Administration) Rules, 2014 (including any statutory modification, amendment or re-enactment thereof for the time being in force) and pursuant to other applicable laws and regulations, that the resolution appended below be passed by the Members through postal ballot or electronic voting (e-voting). The explanatory statement pertaining to the appended resolution setting out the material facts and the reasons thereof is annexed hereto along with a postal ballot form for your consideration.

The Board of Directors of the Company has appointed Mr. Ravi Kapoor, Practicing Company Secretary, Proprietor of M/s. Ravi Kapoor & Associates (Membership No. FCS 2587), as the Scrutinizer for conducting the postal ballot and e-voting process in a fair and transparent manner.

Members desiring to exercise their vote by postal ballot are requested to carefully read the instructions printed in the postal ballot form and return the same duly completed in the enclosed self-addressed Business Reply Envelope. Postage will be borne and paid by the Company. Postal Ballot Form(s), if sent by courier or by registered post / speed post at the expense of the Member(s) will also be accepted. The Postal Ballot Form(s) may also be deposited personally at the address given on the self-addressed Business Reply Envelope. The duly completed postal ballot form(s) should reach the Scrutinizer not later than 05:00 p.m. on Tuesday, 27[th] August, 2019 to be eligible for being considered, failing which, it will be strictly considered that no reply has been received from the Member.

Members desiring to opt for e-voting as per the facilities arranged by the Company are requested to read carefully the instructions in the Notes under the section ‘Voting through Electronic Means’. References to Postal Ballot(s) in this Postal Ballot Notice include votes received electronically.

The Scrutinizer will submit his report to the Chairman of the Company after the completion of the scrutiny of the postal ballots. The result of postal ballot shall be declared on Thursday, 29[th] August, 2019 and communicated to the Stock Exchanges, Depository, Registrar and Share Transfer Agent and shall also be displayed on the Company’s website at www.sadbhavinfra.co.in

SPECIAL BUSINESS

1. SALE OF EQUITY SHARE CAPITAL OF SUBSIDIARY COMPANIES:

To consider and, if thought fit, to pass, with or without modifications, the following resolution as a Special Resolution :

“ RESOLVED THAT pursuant to the provisions of Sections 180(1)(a) and all other applicable provisions, if any, of the Companies Act, 2013 read with the rules made thereunder (as amended from time to time), and pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) and any other applicable laws, regulations and guidelines, the provisions of the Memorandum and Articles of Association of the Company, and subject to such approvals, sanctions, consents and permissions, as may be required, consent of Members of the Company be and is hereby accorded to authorize the Board of Directors of the Company (hereinafter referred to as the “ Board ” which term shall be deemed to include any committee which the Board may constitute to exercise its powers, including the powers conferred by the Resolution) for proposed sale and transfer of 100% of the equity shares held or to be held by the Company (including through its nominees) in the following subsidiary companies (the “ SPVs ”), to IndInfravit Trust, an irrevocable trust registered with the Securities and Exchange Board of India, as an infrastructure investment trust (the “ Buyer ”), acting through its trustee, namely, IDBI Trusteeship Services Limited and acting through its investment manager, namely, LTIDPL INDVIT Services Limited (the “ Proposed Transaction ”), for a lumpsum cash consideration of Rs. 66,112 million, subject to adjustments and allotment of units of the Buyer, not exceeding 10% of the total outstanding units of the Buyer and on such other terms and conditions as stated in the respective share purchase agreements dated July 1, 2019, entered into by the Company with, inter alia , the Buyer and the respective SPVs:

1. Aurangabad-Jalna Toll Way Limited

2. Bhilwara-Rajsamand Tollway Private Limited

3. Dhule Palesner Tollway Limited**

4. Ahmedabad Ring Road Infrastructure Limited

5. Bijapur-Hungund Tollway Private Limited**

6. • Hyderabad-Yadgiri Tollway Private Limited

8. Nagpur-Seoni Express Way Limited** 8. Shreenathji-Udaipur Tollway Private Limited

9. Mysore Bellary Highway Private Limited **

** post acquisition by the Company of the securities held by other entities in the said entities.

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RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board and any of the Committee thereof as may be delegated by the Board from time to time be and is hereby authorized to do all such acts, deeds, matters and things, as may be necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in this regard, deal with all such matters and take all such necessary steps as it may in its discretion deem necessary, expedient or desirable, from time to time, to give effect to the foregoing resolution, and to settle, negotiate, finalize, sign and execute any deeds/ documents/ undertakings/ agreements/ papers/ writings, as may be required in this regard and to file applications and make representations to seek approvals and consents.

RESOLVED FURTHER THAT the Board be and is hereby authorised to delegate all or any of the powers or authorities herein conferred by this resolution, to any Director(s) or to any other official of the Company or to any Committee of Directors or any other Officer(s)/ Authorized Representative(s) of the Company or to engage any advisor, consultant, agent or intermediary, as may be deemed necessary to give effect to this resolution.”

By Order of the Board For Sadbhav Infrastructure Project Limited

Sd/Hardik Modi Place : Ahmedabad Company Secretary Date : 18/07/2019 Membership No.: F9193 Registered Office: ‘Sadbhav House’ Opp. Law Garden Police Chowki Ellisbridge, Ahmedabad-380006

NOTES

1. The explanatory statement pursuant to Section 102 of Companies Act, 2013 relating to special business is annexed.

2. The Postal Ballot Notice is being sent to the Members whose names appear on the Register of Members/List of Beneficial Owners as received from NSDL and CDSL as on Friday, 19th July, 2019. The Postal Ballot Notice is being sent to Members in electronic form to the email addresses registered with their Depository Participants (in case of electronic shareholding)/the Company’s Registrar and Share Transfer Agents (in case of physical shareholding). For Members whose email IDs are not registered, physical copies of the Postal Ballot Notice are being sent by permitted mode along with a postage prepaid self addressed Business Reply Envelop.

3. Members whose names appear on the Register of Members / List of Beneficial Owners as on Friday, 19th July, 2019 will be considered for the purpose of voting.

4. Resolutions passed by the Members through postal ballot are deemed to have been passed as if they have been passed at a General Meeting of the Members.

5. The Members can opt for only one mode of voting, i.e., either by physical ballot or e-voting. In case Members cast their votes through both the modes, voting done by e-voting shall prevail and votes cast through physical Postal Ballot Forms will be treated as invalid.

6. In compliance with Sections 108 and 110 of the Companies Act, 2013 and the Rules made thereunder, the Company has provided the facility to the Members to exercise their votes electronically and vote on all resolution through the e-voting service facility arranged by CDSL. The instructions for electronic voting are annexed to this Notice.

7. A Member cannot exercise his vote by proxy on postal ballot.

8. Relevant documents referred to in the accompanying Notice and the Statement are open for inspection by the members at the Corporate Office of the Company situated at ‘Sadbhav’, Near Havmor Restaurant, B/H Navrangpura Bus Stand, Navrangpura, Ahmedabad-380009, Gujarat on all working days between 11:00 a.m. to 02:00 p.m. up to Tuesday, 27[th] August, 2019.

9. Members desiring to exercise their vote by physical postal ballot are requested to carefully read the instructions printed in the Postal Ballot Form and return the Form duly completed and signed, in the enclosed self-addressed Business Reply Envelope to the Scrutinizer, so that it reaches the Scrutinizer not later than close of working hours (i.e. 05:00 p.m.) on Tuesday, 27[th] August, 2019. If any postal ballot is received after 05:00 p.m. on Tuesday, 27[th] August, 2019, it will be considered that no reply from the Member has been received.

10. The date of declaration of result of the postal ballot would be Thursday, 29[th] August, 2019. However date of passing of the resolution shall be the last date of voting i.e Tuesday, 27[th] August, 2019 date on which the resolution would be deemed to have been passed, if approved by the requisite majority.

11. Pursuant to the provisions of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Sections 108, 110 and other applicable provisions of the Companies Act, 2013, read with the related Rules, the Company is pleased to provide e-voting facility to all its Members, to enable them to cast their votes electronically instead of dispatching the physical Postal Ballot Form by post. The Company has engaged the services of CDSL for the purpose of providing e-voting facility to all its Members.

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Instructions for Members for e-voting are as under :

• (i) Log on to the e-voting website www.evotingindia.com during the voting period.

• (ii) Click on “Shareholders” tab.

• (iii) Now Enter your User ID

• a. For CDSL: 16 digits beneficiary ID,

• b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

• c. Members holding shares in Physical Form should enter Folio Number registered with the Company.

• (iv) Next enter the Image Verification as displayed and Click on Login.

• (v) If you are holding shares in Demat form and had logged on to www.evotingindia.com and casted your vote earlier for EVSN of any Company, then your existing password is to be used. If you are a first time user follow the steps given below.

• (vi) Now, fill up the following details in the appropriate boxes:

PAN

Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders) Members who have not updated their PAN with the Company/Depository Participant are requested to use the sequence number which is printed on Postal Ballot indicated in the PAN feld.

DOB OR Dividend Bank Details

Enter your Date of Birth in dd/mm/yyyy format. OR Enter the Bank Account Number as recorded in your demat account or in the Company’s records for the said demat account or Folio No. Please enter any one of the details in order to login. In case both the details are not recorded with the Depository or the Company, please enter the number of shares held on cut of date i.e. Friday, 19thJuly, 2019 in the Bank Account Number feld.

• (vii) After entering these details appropriately, click on “SUBMIT” tab.

• (viii) For Members holding shares in physical form, the details can be used only for e-voting on the resolution contained in this Notice. Members holding shares in physical form will then reach directly the EVSN selection screen.

• (ix) Members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolution of any other Company on which they are eligible to vote, provided that Company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

• (x) Click on the EVSN for Sadbhav Infrastructure Project Limited.

• (xi) On the voting page, you will see Resolution Description and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

• (xii) Click on the “Resolution File Link” if you wish to view the entire Resolution.

• (xiii) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

• (xiv) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

• (xv) You can also take out print of the voting done by you by clicking on “Click here to print” option on the Voting page.

• (xvi) If Demat account holder has forgotten the changed password then Enter the User ID and Captcha Code click on Forgot Password & enter the details as prompted by the system.

• (xvii) Shareholders can also use Mobile app - “m - Voting” for e voting. Shareholders may log in to m - Voting using their e voting credentials to vote for the company resolution(s).

• (xviii) Note for Non – Individual Shareholders and Custodians

• Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

• A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to helpdesk.evoting@ cdslindia.com.

• After receiving the login details, user would be able to link the account(s) for which they wish to vote on.

• The list of accounts linked in the login should be mailed to helpdesk.evoting@cdslindia.com and on approval of the accounts they would be able to cast their vote.

• A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

• (xix) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com under help section or write an email to helpdesk.evoting@cdslindia.com

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Other Instructions:

• I. The e-voting period commences on Monday, 29[th] July, 2019 at 9.00 a.m. and ends on Tuesday, 27[th] August, 2019 at 5.00 p.m. During this period, Members of the Company, holding shares either in physical form or in dematerialized form, as on Friday, 19[th] July, 2019, may cast their vote through e-voting. The e-voting module shall be disabled by CDSL for voting thereafter. Once the vote on a resolution is cast by the Member, he shall not be allowed to change it subsequently.

• II. The voting rights of Members shall be in proportion to their shares of the paid up equity share Capital of the Company as on Friday, 19[th] July, 2019.

• III. Mr. Ravi Kapoor, Practicing Company Secretary, Proprietor of M/s. Ravi Kapoor & Associates (Membership No. FCS 2587), has been appointed as the Scrutinizer to scrutinize the Postal Ballot and e-voting process in a fair and transparent manner.

• IV. The Scrutinizer will submit his report to the Chairman after the completion of scrutiny and the result of the voting by postal ballot will be announced by the Chairman or Managing Director or Director or Company Secretary of the Company duly authorized, on Thursday, 29[th] August, 2019.

• V. The result declared along with the Scrutinizer’s Report shall be placed on the Company’s website www.sadbhavinfra.co.in and on the website of CDSL www.evotingindia.com and communicated to the BSE Limited and National Stock Exchange of India Limited, where the shares of the Company are listed.

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 AND 110 OF COMPANIES ACT, 2013

Item No. 1

As per the provisions of Section 180 (1)(a) of the Companies Act, 2013 read with applicable rules framed thereunder, each as amended from time to time, the Board of Directors of the Company (the “ Board ”) requires the consent of the Company in a general meeting, to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking(s) of the Company.

As the Members are aware, the Company has executed share purchase agreements (“ SPAs ”) and other ancillary agreements on July 1, 2019 inter alia with IndInfravit Trust, an infrastructure investment trust (SEBI Registration Number: IN/InvIT/17-18/0007) (the “ Buyer ”), acting through its trustee, namely IDBI Trusteeship Services Limited and its investment manager, namely LTIDPL Indvit Services Limited, for the proposed sale of 100% of the equity shares held or to be held by the Company (including through its nominees) in 8 subsidiary companies and Mysore-Bellary Highway Private Limited (currently 74% of its equity share capital is held by Sadbhav Engineering Limited) (the “ Proposed Transaction ”). The Proposed Transaction is subject to completion of the conditions precedent and other additional conditions as detailed under the said SPAs.

The consideration for the Proposed Transaction is payable (i) partly in cash; and (ii) partly in units such that, upon the consummation of the Proposed Transaction, the Company will be allotted and will hold not exceeding 10% of the total outstanding units of the Buyer, subject to statutory and/or regulatory approvals. The consideration of Rs.66,112 million to be paid by the Buyer to the Company is subject to certain adjustments at the time of consummation/ closing of the Proposed Transaction, and accordingly the final consideration payable to the Company at the time of closing may vary.

Upon completion of the Proposed Transaction, the Company will continue to focus on its core expertise of development of new roads and it proposes to utilise the sale proceeds from the Proposed Transaction for bidding on new road projects, injecting equity in the current under-construction projects and to prepay debt.

Further, post completion of the Proposed Transaction, the Company will continue to own and operate 3 operational road project companies and 12 under-construction road projects under the ‘Hybrid Annuity Model’.

As part of the Proposed Transaction, the Company will continue to undertake routine maintenance and major maintenance of the 9 portfolio assets forming part of the Proposed Transaction and in this regard, has executed major maintenance and routine maintenance agreements inter alia with the Buyer on July 1, 2019. Further, the investment manager of the Buyer has identified and recommended the Company for the role of ‘Project Manager’ for the portfolio assets forming part of the Proposed Transaction, to the Buyer. Pursuant to the provisions of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, and circulars, rules, notifications issued thereunder, the Company has executed a project management and implementation agreement dated July 1, 2019 with inter alia the Buyer, setting out obligations of the Company inter alia as the ‘Project Manager’ with respect to operation, maintenance, implementation and management of the portfolio assets.

The Board recommends the resolutions in Item No.1 of the Notice for your approval as a special resolution. Accordingly, approval of the Members of the Company is sought to authorize the Proposed Transaction and all matters related thereto.

None of the Directors, Key Managerial Personnel and Managers of the Company or their relatives, except to the extent of their shareholding in the Company, are concerned or interested, either financially or otherwise, in the said Resolution.

Place : Ahmedabad Date : 18/07/2019 Registered Office: ‘Sadbhav House’ Opp. Law Garden Police Chowki Ellisbridge, Ahmedabad-380006

By Order of the Board For Sadbhav Infrastructure Project Limited Sd/Hardik Modi Company Secretary Membership No.: F9193

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Sadbhav Infrastructure Project Limited
CIN: L45202GJ2007PLC049808
Registered Ofce: 'Sadbhav House', Opp. Law Garden Police Chowki,
Ellisbridge, Ahmedabad-380006, Gujarat
Tel No. :+91-79-26463384 Fax:+91-79-26400210,
E-mail: investor@sadbhavinfra.co.in, Web: www.sadbhavinfra.co.in
[To be returned to scrutinizer]
3. Joint Holder(s) Name
4.
5.
18th July, 2019
Particulars of Resolution No. of Shares
for which
votes cast
Sale of Equity Share Capital of Subsidiary
Companies (Special Resolution)
Electronic Voting Particulars
The e-voting facility is available at the link https://www.evotingindia.com. The electronic voting particulars are set out as follows:
The e-voting facility will be available during the following voting period:
Commencement of e-voting End of e-voting
Monday, 29th July, 2019 @ 09:00 a.m. Tuesday, 27th August, 2019 @ 05:00 p.m.
----- End of picture text -----

Notes:

1. Please read the instructions printed overleaf carefully before �lling this Form and for e-voting, please refer to the instructions for voting through electronic means provided in the Postal Ballot Notice sent herewith.

2. The last date for the receipt of Postal Ballot Forms by the Scrutinizer is Tuesday, 27th August, 2019 up to 05:00 p.m.

3. A Member desiring to exercise his/her vote by Postal Ballot may complete this Postal Ballot Form (no other form or photocopy thereof is permitted) and send it to the Scrutinizer, Mr. Ravi Kapoor, Practicing Company Secretary (“Scrutinizer”) at the address of the Registrar & Share Transfer Agent of the Company, Link Intime India Pvt. Ltd., C 101, 1st Floor, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 083, in the attached self -addressed business reply envelope, on or before 5:00 p.m. on Tuesday, 27th August, 2019. The postage will be borne and paid by the Company. However, envelopes containing postal ballot form(s), if sent by courier or registered/speed post at the expense of the Member on or before 5:00 p.m. on Tuesday, 27th August, 2019 will also be accepted.

4. This form should be completed and signed by the Member (as per the specimen signature registered with the Company/Depository Participants). In case of joint holding, this Form should be completed and signed by the first named Member and in his/her absence by the next named Member. In case postal ballot form is signed through a Delegate/Authorised person, a copy of Power of Attorney attested by the Member shall be annexed to the Ballot.

5. Duly completed postal ballot form should reach the Scrutinizer at the address of the Registrar & Share Transfer Agent of the Company, Link Intime India Pvt. Ltd., C 101, 1st Floor, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 083, not later than Tuesday, 27th August, 2019 before 5:00 p.m. All postal ballot forms received after this date will be strictly treated as if reply from such Member has not been received.

6. There will be only one postal ballot form for every folio/DP ID-Client ID irrespective of the number of joint Member (s). On receipt of the duplicate Postal Ballot Form, the original will be rejected.

7. A Member may request for a duplicate Postal Ballot Form and the duly completed Postal Ballot Form should reach the Scrutinizer not later than the last date for voting mentioned above.

8. In case of shares held by Companies, trusts, societies etc., the duly completed postal ballot form should be accompanied by a certified true copy of the Board Resolution/Authority Letter.

9. The voting rights for the equity shares are one vote per equity share, registered in the name of the shareholders / beneficial owners as on Friday, 19th July, 2019.

10. Members are requested not to send any other paper along with the Postal Ballot Form in the enclosed self -addressed Business Reply Envelope, as all such envelopes will be sent to the Scrutinizer and any extraneous paper found in such envelope would be destroyed by the Scrutinizer.

11. A Member need not use all the votes nor need to cast all the votes in the same way.

12. The Scrutinizer's decision on the validity of a postal ballot will be final and binding.

13. Incomplete, unsigned or incorrect postal ballot forms will be rejected.

14. Kindly note that the Members can opt only one mode of voting i.e. either by physical ballot or e-voting. If you are opting for e-voting, then do not vote by physical ballot also and vice versa. However, in case Members cast their vote by physical ballot and e-voting, then voting done through valid e-voting shall prevail and voting done by physical ballot will be treated as invalid.

15. The result of the postal ballot would be announced by the Chairman or Managing Director or Director or Company Secretary of the Company on Thursday, 29th August, 2019 and displayed on the Notice Board of the Company at its Corporate Office situated at 'Sadbhav', Near Havmor Restaurant, B/H Navrangpura Bus Stand, Navrangpura, Ahmedabad-380009, Gujarat and communicated to the Stock Exchange. The result will be displayed on the website of the Company i.e. www.sadbhavinfra.co.in, for the information of the Members.

SADBHAV INFRASTRUCTURE PROJECT LIMITED

CALENDAR OF EVENTS – POSTAL BALLOT - 2019

	CALENDAR OF EVENTS – POSTAL BALLOT - 2019
Sr. No.	Particulars of Events	Propose Date
1.	Date of Board Meeting for approving: i. Postal Ballot Notice (For Sale of equity share capital of Subsidiary Companies) ii. Appointment of Scrutinizer	18-07-2019
2.	Outcome of board meeting to Stock Exchanges along with intimation about Postal Ballot	18-07-2019
3.	Cut–off date to be reckoned for determining the members who will be entitled to participate in the Postal Ballot	19-07-2019
4.	Proposed Date of completion of dispatch of notice(s)along with Postal Ballot forms & filing copies with Stock Exchanges	25-07-2019
5.	Proposed date on or before which publication in English newspaper and one vernacular newspaper about dispatch of Notice of Postal Ballot	26-07-2019
6.	Voting period Start Date	29-07-2019
7.	Voting period End Date/ Last date for receiving Postal Ballot Forms by Scrutinizer	27-08-2019
8.	Date on which the resolution will be deemed to be passed	27-08-2019
9.	Last Date of submission of the Report to the Chairman by the Scrutinizer	29-08-2019
10.	Declaration of result of Postal Ballot and intimation to the Stock Exchanges and display on website of the Company	29-08-2019