AGM Announcement

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the 37th Annual General Meeting (AGM) of Sanghvi Movers Limited will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) on Monday, August 24, 2026, at 10:30 A.M. (IST). The meeting is convened in compliance with the Companies Act, 2013, SEBI LODR, and relevant circulars from the Ministry of Corporate Affairs (MCA) and SEBI.

Dividend Information

The Board of Directors, at its meeting held on May 20, 2026, recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, for shareholder approval at the AGM.

Record Date

Ordinary Business

The agenda for the AGM includes the following ordinary business items:

  • Item 1: To receive, consider, and adopt the Audited Standalone and Consolidated financial statements for the year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
  • Item 2: To declare the recommended final dividend of ₹2 per equity share.
  • Item 3: Appointment of M/s MSKA & Associates LLP (Firm Registration No. 105047W) as Statutory Auditors for their second term of five years, from the conclusion of the 37th AGM until the conclusion of the 42nd AGM. Their remuneration is to be mutually agreed upon with the Board.
  • Item 4: To appoint a director in place of Mr. Rishi C. Sanghvi (DIN: 08220906), who retires by rotation and is eligible for re-appointment.

Special Business

The agenda includes the following special business items requiring a special resolution:

  • Item 5: Alteration of Articles of Association. The proposal is to amend Clause 2 (Interpretation of Equity shares) to state: \"'Equity Shares' or 'Shares' shall mean the issued, subscribed and fully paid-up equity shares of the Company having a face value of such amount as prescribed under the Memorandum of Association.\" This change aims to provide flexibility by linking the face value to the MoA, avoiding future amendments to the AoA for face value changes.
  • Item 6: Ratification of remuneration paid to Managing Director. The resolution seeks shareholder approval to ratify the remuneration of ₹6,45,86,595 paid/payable to Mr. Rishi C. Sanghvi for his role as Managing Director for the period April 1, 2025, to March 31, 2026. This remuneration exceeded the limits prescribed under Regulation 17(6)(e) of the SEBI LODR. The breakdown of remuneration is provided as Fixed Salary: ₹3,16,77,386 and Performance Linked Commission: ₹3,29,09,209.

Voting and Shareholder Information

The remote e-voting period begins on Friday, August 21, 2026, at 9:00 AM IST and ends on Sunday, August 23, 2026, at 5:00 PM IST. The cut-off date for determining voting rights is August 17, 2026. The notice and annual report are being sent electronically to shareholders with registered email addresses. For those without registered emails, a letter with a weblink will be sent. All documents are also available on the company's website (www.sanghvicranes.com) and the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).

Taxation on Dividend

The company will deduct Tax at Source (TDS) on the dividend payment as per the Income Tax Act, 1961. For resident shareholders, TDS will be 10% under Section 194, unless exempt (e.g., if annual dividend is below ₹5,000 for individuals, or upon submission of Form 15G/15H). For non-resident shareholders, TDS will be 20% plus applicable surcharge and cess under Section 195. If PAN is not available, TDS will be deducted at 20% under Section 206AA.

Compliance and Regulatory References

The notice is issued pursuant to SEBI LODR Regulations 30, 36, and 42. The AGM is conducted under the framework provided by MCA Circulars, including General Circular No. 09/2024 and others, which allow virtual AGMs.