- Is there such a film in Hindi?
- If yes, was it shelved or got released?
There are two questions you have asked. I will try to answer both of them.
Firstly, yes there was a Hindi-language adaptation of the film. It was not named "Sarath Sandhya" as mentioned in your question. The name was "Sharad Sandhya".
Secondly, it was released on 1st January, 1982 but the movie got completely unnoticed.
Here is the IMDB link for same: Sharad Sandhya