General information about company

Scrip code530073
NSE SymbolSANGHVIMOV
MSEI SymbolNOTLISTED
ISININE989A01032
Name of the entitySANGHVI MOVERS LIMITED
Date of start of financial year01-04-2025
Date of end of financial year31-03-2026
Reporting Quarter TypeYearly
Date of Quarter Ending31-03-2026
Type of companyEquity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?Yes
Risk management committeeApplicable
Market Capitalisation as per immediate previous Financial YearTop 1000 listed entities
Is SCORE ID Available ?Yes
SCORE Registration IDs00074
Reason For No SCORE ID
Type of SubmissionOriginal
Remarks (website dissemination)
Remarks for Exchange (not for Website Dissemination)



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular ChairpersonYes
Whether Chairperson is related to MD or CEONo
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of Birth
1MrRishi C. SanghviBKSPS1690H08220906Executive DirectorNot ApplicableMD26-05-1989
2MrsMaithili Rishi SanghviBUAPP5607B08334635Non-Executive - Non Independent DirectorNot Applicable05-02-1988
3MrsMadhu DubhashiABMPD2659P00036846Non-Executive - Independent DirectorNot Applicable06-02-1951
4MrIndraneel Govind ChitaleAISPC6132D07720280Non-Executive - Independent DirectorNot Applicable25-04-1989
5MrTushar Vinayak MehendaleACDPM3069L01846705Non-Executive - Independent DirectorNot Applicable02-11-1975
6MrDeepak Ambadas ThombreAABPT6692G02421599Non-Executive - Independent DirectorChairperson03-08-1954
7MrAmitabha MukhopadhyayADBPM6491R01806781Non-Executive - Independent DirectorNot Applicable17-08-1964
8MrIshwar Chand MangalAIBPM9934G05003961Non-Executive - Independent DirectorNot Applicable08-10-1970

I. Composition of Board of Directors

Disqualification of Directors under section 164 of the Companies Act, 2013

SrWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent status
1NoActive
2NoActive
3NoActive
4NoActive
5NoActive
6NoActive
7NoActive
8NoActive

I. Composition of Board of Directors

SrWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & reg. 17A(2)]Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Reason for CessationNotes for not providing PANNotes for not providing DIN
1NA07-12-201819-07-20241010
2NA23-05-201924-09-20251000
3Yes19-07-202408-08-201919-07-2024792233
4NA25-12-202329-01-2024271121
5NA16-05-202419-07-2024221110
6NA05-12-2024152252
7NA05-12-20241575105
8NA21-03-2025121110



Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100036846Madhu DubhashiNon-Executive - Independent DirectorChairperson12-11-2019
207720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember01-04-2024
301846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember14-11-2024
402421599Deepak Ambadas ThombreNon-Executive - Independent DirectorMember13-02-2025
501806781Amitabha MukhopadhyayNon-Executive - Independent DirectorMember13-02-2025
605003961Ishwar Chand MangalNon-Executive - Independent DirectorMember20-05-2025


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
101846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorChairperson13-02-2025
200036846Madhu DubhashiNon-Executive - Independent DirectorMember01-04-2024
307720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember05-12-2024
402421599Deepak Ambadas ThombreNon-Executive - Independent DirectorMember13-02-2025
501806781Amitabha MukhopadhyayNon-Executive - Independent DirectorMember13-02-2025


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107720280Indraneel Govind ChitaleNon-Executive - Independent DirectorChairperson13-02-2025
200036846Madhu DubhashiNon-Executive - Independent DirectorMember01-04-2024
308220906Rishi C. SanghviExecutive DirectorMember23-05-2019
402421599Deepak Ambadas ThombreNon-Executive - Independent DirectorMember13-02-2025


Risk Management Committee

Whether the Risk Management Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
108220906Rishi C. SanghviExecutive DirectorChairperson01-04-2024
207720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember07-08-2024
301846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember05-12-2024
402421599Deepak Ambadas ThombreNon-Executive - Independent DirectorMember13-02-2025
501806781Amitabha MukhopadhyayNon-Executive - Independent DirectorMember13-02-2025


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
108334635Maithili Rishi SanghviNon-Executive - Non Independent DirectorChairperson23-05-2019
201846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember07-08-2024
308220906Rishi C. SanghviExecutive DirectorMember01-04-2024
407720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember13-02-2025


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks

Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory
Sr. No.Date(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
107-11-2025Yes875
217-12-202539Yes886
306-02-202650Yes875



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReason for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors in the Committee as on date of the meetingNumber of Directors Present (All Directors including Independent Director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1Audit Committee07-11-2025Yes6550
2Audit Committee06-02-202690Yes6550
3Risk Management Committee07-11-2025Yes5430



Annexure 1

V. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)Yes
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes

Annexure 1

SrSubjectCompliance status
1Name of signatoryRishi Sanghvi
2DesignationManaging Director



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of LODR Regulation

Sr

SrItemCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.Web address
As per regulation 46(2) of the LODR:
1.1Details of businessYeswww.sanghvicranes.com
1.2Memorandum of Association and Articles of AssociationYeswww.sanghvicranes.com
1.3Brief profile of board of directors including directorship and full-time positions in body corporatesYeswww.sanghvicranes.com
2Terms and conditions of appointment of independent directorsYeswww.sanghvicranes.com
3Composition of various committees of board of directorsYeswww.sanghvicranes.com
4Code of conduct of board of directors and senior management personnelYeswww.sanghvicranes.com
5Details of establishment of vigil mechanism/ Whistle Blower policyYeswww.sanghvicranes.com
6Criteria of making payments to non-executive directorsYeswww.sanghvicranes.com
7Policy on dealing with related party transactionsYeswww.sanghvicranes.com
8Policy for determining ‘material’ subsidiariesYeswww.sanghvicranes.com
9Details of familiarization programmes imparted to independent directorsYeswww.sanghvicranes.com
10Email address for grievance redressal and other relevant detailsYeswww.sanghvicranes.com
11Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievancesYeswww.sanghvicranes.com
12Financial resultsYeswww.sanghvicranes.com
13Shareholding patternYeswww.sanghvicranes.com
14Details of agreements entered into with the media companies and/or their associatesNA

Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)

I. Disclosure on website in terms of LODR Regulation

Sr

As per regulation 46(2) of the LODR:
15.1(I) Schedule of analyst or institutional investor meet (II) Presentations prepared by the listed entity for analysts or institutional investors meet, post earnings or quarterly calls prior to beginning of such events.Yeswww.sanghvicranes.com
15.2Audio recordings, video recordings, if any, and transcripts of post earnings or quarterly calls, by whatever name called, conducted physically or through digital meansYeswww.sanghvicranes.com
16New name and the old name of the listed entityNA
17Advertisements as per regulation 47 (1)Yeswww.sanghvicranes.com
18Credit rating or revision in credit rating obtainedYeswww.sanghvicranes.com
19Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial yearYeswww.sanghvicranes.com
20Secretarial Compliance ReportYeswww.sanghvicranes.com
21Materiality Policy as per Regulation 30 (4)Yeswww.sanghvicranes.com
22Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5)Yeswww.sanghvicranes.com
23Disclosures under regulation 30(8)Yeswww.sanghvicranes.com
24Statements of deviation(s) or variations(s) as specified in regulation 32NA
25Dividend Distribution policy as per Regulation 43A(1)Yeswww.sanghvicranes.com
26.1Annual return as provided under section 92 of the Companies Act, 2013Yeswww.sanghvicranes.com
26.2Employee Benefit scheme documents framed in terms of SEBI (SBEB) Regulations, 2021NA
27Confirmation that the above disclosures are in a separate section as specified in regulation 46(2)Yeswww.sanghvicranes.com
28Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updatingYeswww.sanghvicranes.com


Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Independent director(s) have been appointed in terms of specified criteria of ‘independence’ and/or ‘eligibility’16(1)(b)Yes
2Board composition17(1), 17(1A) & 17(1C), 17(1D) & 17(1E)Yes
3Meeting of Board of directors17(2)Yes
4Quorum of Board meeting17(2A)Yes
5Review of Compliance Reports17(3)Yes
6Plans for orderly succession for appointments17(4)Yes
7Code of Conduct17(5)Yes
8Fees/compensation17(6)NA
9Minimum Information17(7)Yes
10Compliance Certificate17(8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
11Risk Assessment & Management17(9)Yes
12Performance Evaluation of Independent Directors17(10)Yes
13Recommendation of Board17(11)Yes
14Maximum number of Directorships17AYes
15Composition of Audit Committee18(1)Yes
16Meeting of Audit Committee18(2)Yes
17Role of Audit Committee and information to be reviewed by the audit committee18(3)Yes
18Composition of nomination & remuneration committee19(1) & (2)Yes
19Quorum of Nomination and Remuneration Committee meeting19(2A)Yes
20Meeting of Nomination and Remuneration Committee19(3A)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
21Role of Nomination and Remuneration Committee19(4)Yes
22Composition of Stakeholder Relationship Committee20(1), 20(2) & 20(2A)Yes
23Meeting of Stakeholders Relationship Committee20(3A)Yes
24Role of Stakeholders Relationship Committee20(4)Yes
25Composition and role of risk management committee21(1),(2),(3),(4)Yes
26Meeting of Risk Management Committee21(3A)Yes
27Quorum of Risk Management Committee meeting21(3B)Yes
28Gap between the meetings of the Risk Management Committee21(3C)Yes
29Vigil Mechanism22Yes
30Policy for related party Transaction23(1), (1A), (5), (6), & (8)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
31Prior or Omnibus approval of Audit Committee for all related party transactions23(2), (3)Yes
32Approval for material related party transactions23(4)Yes
33Disclosure of related party transactions on consolidated basis23(9)Yes
34Composition of Board of Directors of unlisted material Subsidiary24(1)Yes
35Other Corporate Governance requirements with respect to subsidiary of listed entity24(2),(3),(4),(5) & (6)NA
36Alternate Director to Independent Director25(1)NA
37Maximum Tenure25(2)Yes
38Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism25(2A)Yes
39Meeting of independent directors25(3) & (4)Yes
40Familiarization of independent directors25(7)Yes

Annexure II

II. Annual Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
41Declaration from Independent Director25(8) & (9)Yes
42Directors and Officers insurance25(10)Yes
43Confirmation with respect to appointment of Independent Directors who resigned from the listed entity25(11)Yes
44Memberships in Committees26(1)Yes
45Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel26(3)Yes
46Policy with respect to Obligations of directors and senior management26(2) & 26(5)Yes
47Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity26(6)Yes
48Vacancies in respect Key Managerial Personnel26A(1) & 26A(2), 26A(3)Yes
Any other information to be provided - Add Notes




Annexure II

1Name of signatoryRishi Sanghvi
2DesignationManaging Director



Annexure II

III. Affirmations

SrParticularsCompliance status (Yes/No/NA)
1The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been compliedYes
Any other information to be provided




Annexure II

1Name of signatoryRishi Sanghvi
2DesignationManaging Director




Additional Half yearly Disclosure DISCLOSURE OF LOANS / GUARANTEES / COMFORT LETTERS / SECURITIES ETC. (applicable only for half-yearly filings)

Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.Textual Information(1)

I. Disclosure of Loans/ guarantees/comfort letters /securities etc. Refer note below

(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
EntityAggregate amount advanced during six monthsBalance outstanding at the end of six months
Promoter or any other entity controlled by them315824514227738000
Promoter Group or any other entity controlled by them00
Directors (including relatives) or any other entity controlled by them00
KMPs or any other entity controlled by them00

(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By

EntityType (guarantee, comfort letter etc.)Aggregate amount of issuance during six monthsBalance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by themCorporate Guarantee7500000001050000000
Promoter Group or any other entity controlled by them NA00
Directors (including relatives) or any other entity controlled by themNA00
KMPs or any other entity controlled by themNA00

(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by

EntityType of security (cash, shares etc.)Aggregate value of security provided during six monthsBalance outstanding at the end of six months
Promoter or any other entity controlled by themNA00
Promoter Group or any other entity controlled by themNA00
Directors (including relatives) or any other entity controlled by them NA00
KMPs or any other entity controlled by themNA00
(D) Additional InformationTextual Information(2)

II. Affirmations

AffirmationsCompliance StatusCompany Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.YesTextual Information(3)
Name Pradeep Mehta
Designation CFO
Place Pune
Date30-04-2026

Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarterNo
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr.Date of the eventBrief details of the event



Signatory Details

Name of signatoryRishi Sanghvi
Designation of personManaging Director
PlacePune
Date30-04-2026



Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter0
No. of investor complaints received during the Quarter0
No. of investor complaints disposed off during the Quarter0
No. of investor complaints those remaining unresolved at the end of the Quarter0



Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies- The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No.Name of the unlisted company in which shares or voting rights have been acquiredDate of acquisitionAggregate holding (% shares or voting rights) as at the end of the previous quarter% shares or voting rights acquired during the quarterAggregate holding (% shares or voting rights) as at the end of the quarter
1Sanghvi Movers Botswana Propreitary Limited13-01-20260100100
2Sanghvi Movers Middle East Heavy Lift Limited04-02-20260100100



Disclosure of Imposition of Fine or Penalty The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:

Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No.Name of the authorityNature and details of the action(s) taken or order(s) passedDate of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authorityDetails of the violation(s)/ contravention(s) committed or alleged to be committedImpact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1Department of Transport Gujaratover dimensional consignment fine of Rs. 10,000/-09-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
2Department of Transport Gujaratover dimensional consignment fine of Rs. 10,000/-03-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
3Department of Transport Gujaratover dimensional consignment fine of Rs. 10,000/-02-03-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
4Department of Transport Gujaratover dimensional consignment fine of Rs. 10,000/-16-01-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
5Transport Department RajasthanFine of Rs. 10,00011-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
6Department of Transport Gujaratover dimensional consignment fine of Rs. 20,000/-09-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
7Department of Transport Gujaratover dimensional consignment fine of Rs. 20,000/-12-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
8Department of Transport Gujaratover dimensional consignment fine of Rs. 63,000/-05-03-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
9Department of Transport Chhattisgarhover dimensional consignment fine of Rs. 20,000/-16-01-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
10Department of Transport Gujaratover dimensional consignment fine of Rs. 20,000/-06-02-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
11Department of Transport Gujaratover dimensional consignment fine of Rs. 10,000/-06-03-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.
12Department of Transport Chhattisgarhover dimensional consignment fine of Rs. 12,000/-18-01-2026The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.



Disclosure of Updates to Ongoing Tax Litigations or Disputes The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No.Name of the opposing partyDate of initiation of the litigation / disputeStatus of the litigation / dispute as per last disclosureCurrent status of the litigation / dispute
1Maharashtra Sales Tax Department24-11-2016The Company had received notices of demand in respect of Order of Assessment of FY 2010-11, FY 2013-14, FY 2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 towards VAT and CST liability treating hiring of cranes as transfer of right to use of cranes.The Company had received a favorable order for FY 2008-09 and FY 2009-10, The Honorable Bombay High Court vide its order dated 04 December 2023 held that giving cranes on hire does not involve the transfer of the right to use the cranes, as the effective control and possession always remained with the Company. Hence, the Department's appeal stood dismissed. Basis the above favorable judgement for FY 2008-09 from High Court , refund Letter was submitted to Nodal officer on 03 Sep 2025. In case of assesment for FY 2010-11 final hearing is scheduled on 15th June 2026, other assessments from FY 2011-12 to FY 2017-18, awaiting for hearing from department before the first Appellate Authority. To best of our knowledge & information Maharashtra Sales department didn't file an appeal in next available forum & therefore it does not have any impact on financial performance of the company.
2Income tax Department, Pune, Maharashtra16-12-2019For the Financial Year 2016-17, the Assessing Officer (AO) passed an order under Section 143(3), making certain additions and disallowances related to compounding fees paid to the RTO authorities for overweight and over-dimensional cargo, windmill expenses, and PF contributions.The company filed an appeal before the CIT (Appeals) on 13th January 2020. However, a hearing date has yet to be scheduled. The company has favorable orders from Income Tax appellate for earlier assessment years. Therefore it does not have any impact on financial performance of the company.
3Income tax Department, Pune, Maharashtra11-04-2021For the Financial Year 2017-18, the Assessing Officer (AO), by an order under Section 143(3), increased the total income due to deviations in stock valuation as specified under Section 145A.The company filed an appeal with the CIT (A) on 5th April 2020. Also this being an arithmetical error, company had filed rectification application u/s 154.
4SML. Vs. STO. Chichira Check Post and Others, RN. No. 1730 of 201201-01-2012Matter pending before Tribunal for final adjdication on applicablity of VATPending for Final Hearing
5SML Vs. Check Post Shamlaji, Memo No. 342 to 345 of 201410-01-2014Sales Tax Authorities at Gujarat considering us as Dealer and imposed liabllity for payment of GVAT. 1. SML crawler crane CKE 2500 (15) was moving into Gujrat state and was detained at Amirgadh check post and Shamalji check post of Commercial Tax dept.Gujrat and issued notice for furnish security because SML not registered under Gujrat VAT Act,2003. 2. SML issued BG No. 0896616BG0000162 dt 22-03-2016 of RS. 15,50,000/- in favour of The commissioner of commercial Tax, Commercial Tax Office, Ashram Road, Ahmedabad u/s. 28 of Gujrat VAT Act,2003 3. The said office directed to SML to furnish BG for getting certificate under Gujrat VAT Act, 2003. 4. The said BG has been issued/furnished under sec. 28 of Gujrat VAT Act, 2003. 5. The validity said BG was 19-03-2016 upto 18-03-2017. 6. Validity of the said BG has expired in 2017. 7. Till today SML has not received any notice of said office regarding extention of BG. 8. SML tried to call in commissioner of commercial Tax, Office but unable to connect as contact numbers are not reachable.Till date we have not received any notice from the authority for renewal of BGs. Also the status of this matter will not be chnaged until and unless we receive any notice from the said assessment authority. No change in prior status. "
6SML Vs. Check Post Amirgadh, Memo No. 342 to 345 of 201410-01-2014Sales Tax Authorities at Gujarat considering us as Dealer and imposed liabllity for payment of GVAT. 1. SML crawler crane CKE 2500 (15) was moving into Gujrat state and was detained at Amirgadh check post and Shamalji chec1. SML Crawler Crane Model No LR 1400-1 sr. no. 74016 was moving from Begusarai, Bihar to Gujrat. 2. The said crane was moving into vehicle no. GJ 12 Y 9845 and RJ 01 GA 1956 was detained by Amirgad Check post of commercial dept of Gujrat. 3. The Commercial Tax dept directed to SML to make registration under Gujrat VAT Act, 2003 and passed the order to furnish security under sec. 28 of Gujrat VAT Act,2003. 4. SML challenged the order of said dept before the Commercial Tax dept. of Gujrat. 5. As per order of Tax dept. SML has submit Bank Guarantee bearing no. 0106151GFIN0005 of Dena Bank dt 20-02-2015 for Rs. 15,00,000/- ( which was expired on 19-02-2016). 6. SML received letter dt 25/02/2016 of checkpost of Tax dept. demanded to submit fresh Bank guarantee. 7. As per said notice SML submitted fresh Bank guarantee bearing no. 0896616BG0000125 dt. 03-05-2016 for Rs. 15,00,000/-,for the period of 6 month from 02-03-2016 to 01-09-2016. 8. The said bank guarantee also expired on 01-09-2016. 9. Thereafter, SML did not received any notice regarding the extension BG from Commercial Tax dept till today. 10. SML will contact to concern office/dept will get updade of said BG. 11. Tried to contact and called on phone number of said office but did not reached.Till date we have not received any notice from the authority for renewal of BGs. Also the status of this matter will not be chnaged until and unless we receive any notice from the said assessment authority. No change in prior status. "
7The Commercial tax Officer, Thoppur Check Post, Tamil Nadu16-07-20071. 16/07/2007 SML Vehicle bearing Rgd. No. GJ 16 V 6864, TN 20 P 8037 and TN 20 P 8035 was moving towards at Gulbarga, Karnataka loading counterparts of tyre crane intercepted and detained by the check post officer at Thoppur Checkpost and alleging that therehas been an evasion of tax under sec 4(1) of the TNVAT tax and without considering submissions of SML passed amounting/levied and collected a tax of Rs. 1,64,384/- and C fees of Rs. 3,28,770/- aggregating to Rs. 4,93,155/-. 2. SML filed Revision Petition no. 37/2007 aginst the order of check post officer, Thoppur before Joint Commissioner (CT) Salem Devision. 3. On 18-09-2008 Joint Commissioner (CT) passed the order Revision Petition partly allowed and partly dismissed ( The levy of tax of Rs. 1,64,385/- is sustained and the levy of compounding fee of Rs. 3, 28,770/- is set aside). 4. Aggrived by the said order SML filed Revision Petition no. 103/2009 before Additional Commissioner of Commercial Taxes, Chennai for cancellation of the levy of tax of Rs. 1, 64,385/- and refund of the tax of Rs. 1,64,385/-. 5. SML received the notice of the office of Addl Commissioner of Commercial Tax Chennai in March 2022 for appearance on 28-3-2022 for final hearing. 6. SML apeared through advocate and sought time for final hearing, the office of tax adjouned the case and kept the case on 20-4-2022 for final hearing.Revision Petition no. 103/2009 is pending for final hearing before Addl Commissioner of Commercial Taxes, Chennai. The matter is case on 20-04-2022 for final hearing.
8GST Department Maharashtra30-04-2022Input Tax Credit (ITC) claimed in GSTR-3B/GSTR-9 for the financial year 2017-18 exceeds the amount confirmed in GSTR-2A or 8A of GSTR-9.As per the provisions of the Goods and Services Tax (GST) law, ITC can only be claimed to the extent reflected in GSTR-2A/8A. Therefore, the excess ITC claimed in GSTR-3B/9 is not eligible for set-off, leading to its disallowance in the assessment. An appeal was filed against the demand notice with the Maharashtra GST Department on 22nd July 2022. Company believes that they have a strong merit in the case & will ger favorable order.
9GST Department Andhra Pradesh13-01-2023The Input Tax Credit (ITC) claimed on certain input purchases for the Financial Year 2018-19 has been disallowed. The Assessing Officer has pointed out a discrepancy in the turnover reported between GSTR-9 and GSTR-3B for the Financial Year 2018-19. The turnover reported in GSTR-9 does not match the turnover declared in GSTR-3B, resulting in an inconsistency that requires rectification.An appeal was filed against the demand notice with the Andhra Pradesh GST Department on 24th February 2023 & hearing is yet to take place. Company believes that they have a strong merit in the case & will ger favorable order.
10GST Department Tamilnadu31-12-2024Unreconciled turnover reported in GSTR-9C and Difference in tax payment in reconciliation with GSTR-9 for the Financial Year 2020-21 has been Mismatch. The Assessing Officer has pointed out a discrepancy in the turnover reported between GSTR-9 and GSTR-3B for the Financial Year 2020-21. The turnover reported in GSTR-9 does not match the turnover declared in GSTR-3B, resulting in an inconsistency that requires rectification.An appeal was filed against the demand notice with the Tanilnadu GST Department on 12th March 2025 & hearing is yet to take place. Company believes that they have a strong merit in the case & will ger favorable order.
11GST Department Tamilnadu18-02-2024E way Bill Generated with Incorrect Details. Paid penelty as per notice on time.Pending for Hearing
12GST Department Gujarat30-04-2024E way Bill Generated with Incorrect Details. Paid penelty as per notice on time.Pending for Hearing
13GST Department Tamilnadu21-04-20241.Blocked Credit Section 17 Apportionment Of Credit and Blocked Credit Fy 2022-23 2.RCM on Indirect Expenses Incurred by the Taxable Person as Per Profit and Loss. 3.Outward Supply (Sales) Turnover Mismatch And Short Tax Paid as per GSTR-9 Vs GSTR-3B Return. 4.ITC To Be Reversed As Per Credit Note as per GSTR-2A. 5.Tax Liability as per Mismatch between GSTR-7 vs GSTR-3B.An appeal was filed agsinst penalty filed on 12th June-25 with TamilNadu GST Department. Pending for Hearing
14GST Department Utter Pradesh13-11-2025Tax Authority quitioned that the movement of crane and its components via Delivary challan is in nature of sale transaction i.e. outward supply should be treated and GST is to be paid on supply.An appeal was filed on 29th Jan 2026 with Uttar Pradesh GST Department & hearing took place on 10th March 2026. Next hearing is scheduled on 16th April 2026.
15GST Department Odisha 30-12-2025The Assessing Officer has pointed out discrepancy: 1. On Consumption of spare parts as unaccounted sale. 2. Difference between turnover as per 26AS and reported in GST returns. An appeal was filed on 29th March-2026 with Odisha GST Department, Personal Hearing is scheduled on 26th April 2026.
16GST Department Gujurat13-02-2026E way Bill Generated with Incorrect Details. Paid penelty as per notice on time.Pending for Hearing