Sanghvi Movers Limited has announced that its wholly owned subsidiary, Sanghvi Movers Botswana Proprietary Limited, has been awarded a significant work order worth USD 4.3 million from Jindal Energy Botswana (Pty) Limited. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Contract Specifications

The awarded contract is for a 4*175 MW project, with execution scheduled to commence from Q4 of FY 2025-26 and completion targeted by Q4 of FY 2027-28. Under the agreement, Sanghvi Movers Botswana Proprietary Limited will supply cranes along with agreed material and manpower to Jindal Energy Botswana as per contract requirements.

Regulatory Disclosure

The company confirmed that this is an international contract with no related party transactions involved. The promoter, promoter group, or group companies have no interest in Jindal Energy Botswana (Pty) Limited, ensuring the contract maintains arm's length transaction status.

Strategic Significance

This substantial order reinforces Sanghvi Movers' international expansion strategy through its subsidiary operations in Africa. The multi-year contract duration provides revenue visibility and demonstrates the company's capability to secure long-term projects in the international crane and heavy lifting services market. The project's scale and timeline indicate significant operational commitment in the Botswana market, potentially opening doors for future opportunities in the region.

Sanghvi Movers Limited has informed stock exchanges about the conversion of its statutory auditor from a partnership firm to a Limited Liability Partnership structure. The disclosure was made on January 19, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Conversion Details

The company's statutory auditor M S K A & Associates has converted itself into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective from January 13, 2026, with the firm now operating under the name M S K A & Associates LLP.

Impact on Audit Services

Sanghvi Movers Limited has clarified that the conversion will have no impact or bearing on the ongoing services in the capacity of statutory auditors. The firm will continue to provide audit services to the company under its new LLP structure without any disruption to the existing engagement.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, with Company Secretary and Chief Compliance Officer Vinav Agarwal (ACS: 40751) signing the notification to stock exchanges. The company has requested both BSE Limited (Scrip Code: 530073) and National Stock Exchange of India Limited to take note of this change in their records.

Auditor Communication

M S K A & Associates LLP, through Partner Yogesh Yewale (Membership No: 158877), formally communicated the conversion to Sanghvi Movers Limited. The auditing firm, which operates from Cerebrum IT Park in Pune's Kalyani Nagar area, has multiple offices across major Indian cities including Mumbai, Bengaluru, Chennai, and Hyderabad.