Sadbhav Engineering Ltd has informed BSE that the Board of Directors on January 05, 2011, has decided the following business by a resolution passed through circulation: - Approved allotment of 12,78,120 equity shares of Re. 1/- each against conversion of 12,78,120 Detachable Warrant. Pursuant to present allotment, the equity paid up capital of the Company is Rs. 132528120 divided into 132528120 equity shares of Re. 1/- each.