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.

Sanghvi Movers Limited has incorporated a wholly owned subsidiary in The Republic of Botswana, marking its expansion into the African market. The company informed the stock exchanges on January 14, 2026, about the incorporation of Sanghvi Movers Botswana Proprietary Limited under Regulation 30 of SEBI listing regulations.

Subsidiary Details

The newly incorporated subsidiary was established on January 13, 2026, with the business registration extract received on the same date. The subsidiary has been set up specifically for crane rental services, aligning with the parent company's core business operations.

Ownership Structure

Sanghvi Movers Limited will hold 100% of the share capital of the Botswana subsidiary, making it a wholly owned subsidiary. This structure provides the parent company with complete control over the operations and strategic direction of the new entity.

Business Rationale

The subsidiary has been incorporated to carry on crane rental services in Botswana, which is within the main line of business of the listed entity. This expansion allows Sanghvi Movers to extend its crane rental services to the African market, potentially tapping into new business opportunities in the region.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited (Scrip Code: 530073) and National Stock Exchange of India Limited (Symbol: SANGHVIMOV) about the incorporation. The intimation was made pursuant to Regulation 30 read with Schedule III of SEBI listing regulations and SEBI Circular dated November 11, 2024.

Current Status

The subsidiary is yet to commence business operations, with nil turnover reported at the time of incorporation. As a newly established entity, the subsidiary will likely focus on setting up its operational infrastructure and exploring business opportunities in the Botswana crane rental market.