The Board of Directors of Sanghvi Movers Limited at its meeting held on March 5, 2024, approved incorporation of a Wholly-owned Subsidiary of the Company. The name of the proposed wholly owned subsidiary (WOS) will be as may be approved by the Ministry of Corporate Affairs (MCA), Government of India. The necessary update will be given once the WOS is incorporated.

Proposed authorized share capital: INR 1,000,000. Industry to which the entity being acquired belongs: Wind and Solar Power.