Sanghvi Movers announced that the Annual General Meeting (AGM) of the company will be held on 8 August 2019.

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Net Loss of Sanghvi Movers reported to Rs 24.06 crore in the quarter ended March 2019 as against net loss of Rs 5.38 crore during the previous quarter ended March 2018. Sales rose 2.82% to Rs 86.82 crore in the quarter ended March 2019 as against Rs 84.44 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 58.06 crore in the year ended March 2019 as against net loss of Rs 57.48 crore during the previous year ended March 2018. Sales rose 23.64% to Rs 282.40 crore in the year ended March 2019 as against Rs 228.40 crore during the previous year ended March 2018.

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Sanghvi Movers has appointed Maithili R. Sanghvi as an Additional Director with immediate effect at board meeting held on 23 May 2019. The Board has accepted the resignation of Mina C. Sanghvi Non Executive Non Independent Woman Director of theCompany, with effectfrom 23 May 2019.

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Sanghvi Movers will hold a meeting of the Board of Directors of the Company on 23 May 2019.

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