Sanghvi Movers Holds 37th AGM, Declares ₹2 Dividend, Reports ₹1,070 Cr Revenue
Sanghvi Movers Limited held its 37th AGM on August 24, 2026. The company reported FY26 revenue of ₹1,070 crore, up 36.9%, and profit after tax of ₹184 crore, up 17.7%. A final dividend of ₹2 per equity share was recommended. The secured order book stands at ₹1,250 crore.
The AGM proceedings often contain material information regarding financial performance, dividends, and strategic updates, which are of high importance to investors.
The announcement highlights strong financial performance, including significant revenue growth, increased profit, and a recommended dividend, along with a healthy order book, indicating positive business momentum.
The 37th Annual General Meeting (AGM) of Sanghvi Movers Limited was held on August 24, 2026, via Video Conference (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 10:30 A.M. and concluded at 10:55 A.M. IST.
During the AGM, the Managing Director, Mr. Rishi Sanghvi, provided an update on the company's progress under its "Elevate 2030" strategic framework. He highlighted the company's significant achievement of crossing ₹1,000 crore in revenue for the first time in FY 2025-26, with revenue from operations reaching ₹1,070 crore, a 36.9% increase year-on-year. The company reported an EBITDA of ₹429 crore (40.1% margin) and a profit after tax of ₹184 crore, up 17.7%.
The Board recommended a final dividend of ₹2.00 per equity share for the financial year. Key operational and financial metrics presented included an improved fleet utilization of 79% and a 35% growth in the domestic crane hiring business. The company deployed ₹474 crore in capital expenditure, with investments in India and Saudi Arabia, maintaining a net debt-to-equity ratio of 0.47 and a net worth of ₹1,310 crore. The secured order book stood at approximately ₹1,250 crore.
The AGM transacted ordinary business, including the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, declaration of the final dividend, and appointment of statutory auditors. Special business included the alteration of Articles of Association and ratification of the Managing Director's remuneration. The e-voting facility was available from August 21 to August 23, 2026, and also during the AGM for a limited period.
A plain-language summary of a public exchange filing by Sanghvi Movers Limited. Read the original for the full detail.