Sanghvi Movers accepted the resignation of Amitabha Mukhopadhyay as an independent director effective September 7, 2026. The company cited other professional commitments and preoccupations as the reason for his departure.

The resignation was communicated to the Bombay Stock Exchange and the National Stock Exchange of India on September 8, 2026. The filing referenced Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Mukhopadhyay’s resignation took effect at the close of business hours on Monday, September 7, 2026. He confirmed that there were no other material reasons for his resignation beyond those stated in his letter.

Vinav Agarwal, Company Secretary and Chief Compliance Officer of Sanghvi Movers, signed the intimation letter. The full details are available on the company’s website.

Other Directorships

Mr. Mukhopadhyay holds directorships in several listed and unlisted entities. His portfolio includes:

He also served on the audit committees for all the above entities, including Sanghvi Movers Limited.

Sanghvi Movers shareholders approved a final dividend of ₹2 per equity share for FY26 and ratified the remuneration of Managing Director Rishi C. Sanghvi at its 37th Annual General Meeting on August 24, 2026.

The company also adopted its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Shareholders approved the appointment of M/s MSKA & Associates LLP as statutory auditors for a second term of five years, covering FY27 to FY31.

Voting Results Overview

The meeting was conducted through video conferencing and other audio-visual means. Of the 865.76 lakh shares on record, approximately 57.1% were polled across various resolutions. All six resolutions placed before the house were passed with requisite majorities.

Key Corporate Actions

Mr. Rishi C. Sanghvi, who retires by rotation, offered himself for re-appointment as a director. The resolution received overwhelming support from promoter and public non-institutional shareholders.

The special resolution to alter the Articles of Association aimed to amend Clause 2 regarding the interpretation of equity shares. The change updates the definition to align with face value prescriptions under the Memorandum of Association.

Auditor Appointment Details

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shareholders approved the re-appointment of M/s M S K A & Associates LLP (Firm Registration No. 105047W) as Statutory Auditors. The firm will hold office from the conclusion of the 37th AGM until the conclusion of the 42nd AGM in FY31.

M/s MSKA & Associates LLP, established in 1978, is registered with the ICAI and PCAOB. It is a member firm of BOO International and operates in nine major Indian cities including Mumbai, Pune, New Delhi, Gurugram, Ahmedabad, Bengaluru, Chennai, Goa, Hyderabad, and Kolkata.

What the Numbers Show

The ratification of Mr. Sanghvi’s remuneration revealed a distinct divergence in shareholder sentiment based on investor category. While promoter group votes (which were disregarded as related-party interest) and public non-institutional investors voted almost unanimously in favor (99.99%), public institutional investors opposed the resolution by 65.45%. This split highlights institutional scrutiny regarding executive compensation exceeding limits prescribed under Regulation 17(6)(e) of the SEBI Listing Regulations, even as the resolution ultimately passed due to broader shareholder support.