Sanghvi Movers Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to BSE Limited and National Stock Exchange of India Ltd on August 3, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, outlines the company’s environmental, social, and governance performance for the financial year ended March 31, 2026.

The report highlights significant progress in renewable energy adoption, noting the commissioning of a 120-kilowatt solar power system to reduce grid dependence. Sanghvi Movers also reported zero lost-time injuries and zero fatalities among employees and workers during FY26. The company’s CSR expenditure reached ₹1.08 crore, focused on education, healthcare, and sports initiatives benefiting vulnerable groups. As of March 31, 2026, the company had no pending complaints from shareholders or other stakeholders.

Operational and Environmental Highlights

Sanghvi Movers operates a fleet of over 450 cranes with lifting capacities ranging from 40 MT to 1600 MT. These assets are deployed across more than 130 customer locations in India, supporting sectors such as power, steel, cement, and refineries. The company is increasingly aligning its operations with renewable energy infrastructure, providing crane solutions for wind turbine installations.

Environmental risk mitigation remains a priority. The company identified emissions and pollutants as a material risk due to fuel consumption during crane operations. To address this, Sanghvi Movers has invested in solar power installations at its registered office in Pune and main workshop in Satte, Maharashtra, with capacities of 90 KW and 30 KW respectively. Additionally, the company implemented a recycling system for used oil and lubricants to minimize hazardous waste.

Governance and Stakeholder Engagement

The Board of Directors oversees sustainability-related issues, with Managing Director Rishi C. Sanghvi and Chief Financial Officer Pradeep Mehta designated as responsible authorities. The company maintains an Anti-Bribery and Anti-Corruption Policy and a Vigil Mechanism for whistleblowers. No disciplinary actions were taken against directors or employees for corruption or bribery during FY26.

Grievance redressal mechanisms were active across all stakeholder groups. One complaint was received from shareholders regarding non-receipt of the shareholder list, which was resolved promptly. No complaints were filed by communities, investors, employees, customers, or value chain partners. The company reported 100% assessment coverage of its value chain partners for health, safety, and environmental impacts.

Workforce and Social Impact

As of March 31, 2026, Sanghvi Movers employed 496 permanent employees and 2,310 workers. The workforce composition included 94.56% male and 5.44% female permanent employees. The company provided health insurance to 100% of permanent employees and workers. Training programs covered 100% of permanent employees on health and safety measures.

CSR initiatives in FY26 benefited over 800 individuals across education, sports, environment, and healthcare. Key projects included scholarships, school infrastructure support, athlete training, and mental health programs. All beneficiaries belonged to vulnerable and marginalised groups. The company also planted over 3,000 trees as part of its environmental conservation efforts.

Key Metrics at a Glance

What the Numbers Show

The data reveals a strong emphasis on operational safety and regulatory compliance, evidenced by zero safety incidents and resolved shareholder grievances. The investment in 120 kilowatts of solar capacity signals a tangible step toward reducing carbon intensity, although emissions remain a cited material risk. The high proportion of female beneficiaries in CSR projects (100%) underscores a targeted approach to inclusive development, aligning social impact with strategic sustainability goals.

Sanghvi Movers Limited has announced that its 37th Annual General Meeting (AGM) will be held on Monday, August 24, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting aims to secure shareholder approval for a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, alongside key governance resolutions including the appointment of statutory auditors and alterations to the Articles of Association. The record date for determining dividend entitlement is fixed as August 14, 2026, while the cut-off date for voting rights is August 17, 2026.

The Board of Directors, in its meeting held on May 20, 2026, recommended the final dividend for shareholder consideration. In compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has designated August 14, 2026, as the record date. The AGM notice and annual report for FY26 will be dispatched electronically to shareholders with registered email addresses, with physical letters containing web links sent to those without registered emails.

Key Resolutions for Approval

Shareholders will vote on several ordinary and special business items. The ordinary business includes adopting the audited standalone and consolidated financial statements for FY26 and appointing M/s MSKA & Associates LLP as Statutory Auditors for a second term of five years, from the conclusion of the 37th AGM until the 42nd AGM. Additionally, Mr. Rishi C. Sanghvi will retire by rotation and offer himself for re-appointment as a Director.

Special business items require significant shareholder attention:

The alteration to the Articles of Association seeks to link the face value of equity shares to the Memorandum of Association, providing flexibility for future capital structure changes without requiring further amendments to the Articles. This change is consequential to a proposed subdivision of equity shares.

Managing Director Remuneration Ratification

A critical agenda item is the ratification of the total remuneration paid to Mr. Rishi C. Sanghvi, Managing Director, amounting to ₹6,45,86,595 for the period April 1, 2025, to March 31, 2026. This payment exceeds the limits prescribed under Regulation 17(6)(e) of the SEBI Listing Regulations due to performance-linked incentives.

The breakdown of the remuneration is as follows:

The Nomination and Remuneration Committee and the Board have justified the payout based on the scale of operations, roles undertaken, and alignment with industry practices. Shareholders are asked to ratify this payment through a special resolution.

What the Numbers Show

The decision to ratify remuneration exceeding regulatory thresholds highlights the company’s reliance on performance-linked incentives for its top leadership. With nearly half of the total remuneration (₹3.29 crore) coming from commission, the compensation structure is heavily tied to operational outcomes. This approach aligns executive rewards with financial performance but requires explicit shareholder oversight under SEBI regulations when prescribed limits are breached.

Voting and Participation Details

Remote e-voting will be available from August 21, 2026, at 9:00 AM IST to August 23, 2026, at 5:00 PM IST, facilitated by Central Depository Services (India) Limited (CDSL). Shareholders holding shares in demat mode can vote via their depository accounts (CDSL/NSDL), while physical shareholders must use the CDSL e-voting portal. Proxy appointments are not permitted for this VC/OAVM meeting. Large shareholders (holding 2% or more), promoters, and institutional investors are exempt from the first-come-first-served restriction for attending the virtual meeting.