Sanghvi Movers Launches Second Phase of 100-Day Saksham Niveshak Campaign for KYC Updates and Dividend Claims

2 min read     Updated on 17 Apr 2026, 12:36 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Sanghvi Movers Limited has launched the second phase of its "Saksham Niveshak - 100 Days Campaign" from April 01 to July 09, 2026, following Ministry of Corporate Affairs directions. The campaign encourages shareholders to update KYC details and claim unclaimed dividends before IEPF transfer. Shareholders must submit required forms through MUFG Intime India Private Limited via post, email, or online platforms to ensure compliance with SEBI regulations and avoid folio freezing.

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Sanghvi movers Limited has announced the launch of the second phase of its "Saksham Niveshak - 100 Days Campaign" to help shareholders update their KYC details and claim unclaimed dividends. The campaign, running from April 01, 2026 to July 09, 2026, follows directions from the Ministry of Corporate Affairs dated March 27, 2026.

Campaign Objectives and Timeline

The 100-day initiative aims to create awareness among shareholders and facilitate resolution of pending issues before dividends and shares are transferred to the Investor Education and Protection Fund (IEPF). The campaign addresses critical shareholder requirements mandated by regulatory authorities.

Parameter: Details
Campaign Duration: April 01, 2026 to July 09, 2026
Campaign Name: Saksham Niveshak - 100 Days Campaign
Phase: Second Phase
Regulatory Authority: Ministry of Corporate Affairs (MCA)

Key Focus Areas

The campaign encourages shareholders to take action on several critical areas:

  • KYC Updates: Mandatory updating of PAN, KYC, nomination, bank details, and contact information
  • Unclaimed Dividends: Filing claims for unpaid or unclaimed dividends before IEPF transfer
  • Share Claims: Recovery of shares already transferred to IEPF
  • Demat Account Linking: Ensuring proper linkage where applicable

Regulatory Compliance Requirements

Pursuant to SEBI circulars dated May 17, 2023 and December 16, 2021, it is mandatory for all investors to update their details to avoid freezing of folios and ensure seamless processing of corporate benefits. The company has emphasized that dividends are payable only in electronic mode, requiring direct bank account credits.

Required Documentation and Process

Shareholders must submit specific forms through the Registrar and Share Transfer Agent - MUFG Intime India Private Limited:

Form Type: Purpose
Form ISR-1: KYC document updates with self-attested documents
Form ISR-2: Bank detail updates with banker's attestation
Form SH-13: Adding nominee details
Form ISR-3: Opting out of nomination

Submission Methods

Shareholders can submit required documents through multiple channels:

  • Physical Submission: Post self-attested copies to MUFG Intime India Private Limited, Pune office
  • Email Submission: Send digitally signed documents from registered email ID to pune@in.mpms.mufg.com
  • Online Upload: Use the website www.mpms.mufg.com for document submission

Additional Resources

Shareholders can access detailed information about unclaimed dividends and shares transferred to IEPF on the company's website at www.sanghvicranes.com under the Investor Information section. For IEPF claim procedures, shareholders are directed to visit www.iepf.gov.in . Those holding dematerialized shares should contact their Depository Participants for detail updates.

Historical Stock Returns for Sanghvi Movers

1 Day5 Days1 Month6 Months1 Year5 Years
+2.05%+3.60%+32.86%-15.97%+1.09%+403.03%

How might the success rate of this second phase campaign compare to the first phase in terms of shareholder participation and KYC compliance?

What potential impact could widespread non-compliance with KYC updates have on Sanghvi Movers' dividend distribution costs and administrative burden?

Will other listed companies likely adopt similar structured campaigns following Sanghvi's approach to address SEBI's mandatory compliance requirements?

Sanghvi Movers Limited Appoints Saumil Dave as Chief Operating Officer

1 min read     Updated on 15 Apr 2026, 10:15 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Sanghvi Movers Limited has appointed Mr. Saumil Dave as Chief Operating Officer and Senior Management Personnel, effective April 14, 2026. The appointment was approved by the Board following recommendations from the Nomination and Remuneration Committee. Mr. Dave brings extensive experience from IFS Logistics, Canadian Tire Corporation, Quantum Mail Logistics Solutions India Pvt. Ltd., and Flipkart, along with educational qualifications including a Bachelor of Commerce degree from Mumbai University and certifications from Ryerson University, Canada.

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Sanghvi movers Limited has announced the appointment of Mr. Saumil Dave as Chief Operating Officer (COO), marking a significant addition to the company's senior management team. The appointment was formalized on April 14, 2026, following approval from the Board of Directors based on recommendations from the Nomination and Remuneration Committee.

Appointment Details

The company has designated Mr. Dave as Senior Management Personnel under the Chief Operating Officer role. The appointment represents a full-time employment arrangement, strengthening the company's operational leadership structure.

Parameter Details
Position Chief Operating Officer (COO)
Appointment Date April 14, 2026
Employment Type Full Time
Designation Senior Management Personnel
Approval Process Board approval based on Nomination and Remuneration Committee recommendation

Professional Background

Mr. Saumil Dave brings substantial industry experience to his new role at Sanghvi Movers Limited. His professional journey includes significant positions across multiple organizations in the logistics and retail sectors. He has previously worked with IFS Logistics, Canadian Tire Corporation, Quantum Mail Logistics Solutions India Pvt. Ltd., and Flipkart, gaining diverse operational expertise.

Educational Qualifications

Mr. Dave's educational foundation includes a Bachelor of Commerce degree from Mumbai University. He has further enhanced his professional capabilities through specialized certifications in Marketing and Management from Ryerson University, Canada. Additionally, he holds a Project Management Program certification, which adds to his operational and strategic management credentials.

Qualification Type Details
Undergraduate Degree Bachelor of Commerce, Mumbai University
International Certification Marketing and Management, Ryerson University, Canada
Professional Certification Project Management Program

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all necessary disclosure requirements as mandated by SEBI regulations for senior management appointments. The formal intimation was communicated to both BSE Limited and National Stock Exchange of India Limited on April 15, 2026, ensuring complete regulatory transparency.

Historical Stock Returns for Sanghvi Movers

1 Day5 Days1 Month6 Months1 Year5 Years
+2.05%+3.60%+32.86%-15.97%+1.09%+403.03%

What operational restructuring or expansion plans might Sanghvi Movers be preparing for that necessitated hiring a COO with e-commerce and logistics experience?

How could Mr. Dave's background with major players like Flipkart and Canadian Tire influence Sanghvi Movers' digital transformation strategy?

Will this senior management strengthening signal potential new business verticals or geographic expansion for the company in 2026-27?

More News on Sanghvi Movers

1 Year Returns:+1.09%