Sanghvi Movers Limited to Hold 37th AGM, Announces Rs 2 Dividend and Ratifies MD Remuneration

Sanghvi Movers Limited to Hold 37th AGM, Announces Rs 2 Dividend and Ratifies MD Remuneration​

Sanghvi Movers Limited announced details for its Thirty-Seventh Annual General Meeting (AGM), scheduled for Monday, August 24, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

The AGM agenda includes receiving and adopting the Audited Standalone and Consolidated financial statements of the Company for the Financial Year ended March 31, 2026, alongside the Board of Directors' report. A key decision to be passed is the declaration of a Final Dividend amounting to Rs 2 per equity share for the Financial Year 2025-26.

The company fixed Monday, August 14, 2026, as the Record Date to determine the entitlement of Members to receive this dividend.

Governance and Appointments​

During the AGM, members will consider and pass resolutions relating to corporate governance, including:

• Appointment of Auditors: The appointment of M/s MSKA & Associates LLP, Chartered Accountants (Firm Registration No. 105047W), as the Statutory Auditors of the Company for a period of five years, starting from the conclusion of the AGM and ending with the Forty Second Annual General Meeting.
• Director Reappointment: A resolution regarding the appointment of a Director in place of Mr Rishi C Sanghvi (DIN: 08220906), who is retiring by rotation and has offered himself for re-appointment.

Ratification of Managing Director Remuneration​

The AGM will also seek shareholder approval through a Special Resolution to ratify the remuneration paid to Mr Rishi C Sanghvi (DIN: 08220906), Managing Director, for the period spanning April 01, 2025, to March 31, 2026.

The total remuneration amount of Rs 6,45,86,595 was paid or payable during this financial year. The breakdown of the compensation is as follows:


The Board of Directors and the Nomination and Remuneration Committee have reviewed the remuneration, deeming it justified and commensurate with the roles and scale of the Company’s operations.

Alteration of Articles of Association​

A Special Resolution is also scheduled to alter the Articles of Association (AoA) of the Company. This alteration pertains specifically to Clause 2, relating to the definition of 'Equity Shares.' The proposed amendment defines 'Equity Shares' or 'Shares' as the issued, subscribed and fully paid up equity shares of the Company having a face value as may be specified in the Memorandum of Association, allowing for flexibility related to the company’s capital structure.

The AGM invites shareholders to consider these ordinary and special business items relevant to the functioning and corporate structure of Sanghvi Movers Limited.

SANGHVIMOV Stock Price Movement​

Today, Sanghvi Movers Limited saw its stock rally, closing at ₹437.5 after gaining 7.37%, or ₹30.20. The shares were highly active in the market session, with a total traded volume reaching 1.8 million shares.