Sanghvi Movers Limited has informed the Exchanges about (a) Appointment of Mr. Pradeep Mehta as the Chief Financial Officer of the Company(b) Resignation of Mr. Rajesh Likhite from the post of Company Secretary and Chief Compliance Officer of the Company and (c) Appointment of Mr. Vinav Agarwal as the Company Secretary and Chief Compliance Officer of the Company.
SANGHVIMOV · price
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Sanghvi Movers announced several leadership changes alongside its Q1 FY26 results at the 6 August 2025 board meeting. Mr. Pradeep Mehta, a Chartered Accountant with 30+ years of finance leadership experience, has been appointed as the new CFO effective 6 August 2025, replacing Mr. Sham D. Kajale who resigned effective 30 June 2025. Mr. Rajesh P. Likhite resigned as Company Secretary & Chief Compliance Officer citing personal reasons, with Mr. Vinav Agarwal (10+ years of listed-entity compliance experience) taking over from 7 August 2025. The board also appointed Mr. Mohammed Almanaseer as Managing Director of the wholly owned subsidiary Sanghvi Movers Middle East Limited. On the financial front, standalone revenue grew ~21.7% YoY to Rs. 159.35 crores with PAT of Rs. 41.81 crores (EPS Rs. 4.83), while consolidated revenue surged ~81.5% YoY to Rs. 273.36 crores driven by strong growth in the Wind EPC segment, with consolidated PAT at Rs. 50.26 crores (EPS Rs. 5.80).
The leadership transitions appear orderly with qualified, experienced replacements already in place, which should reassure investors. The strong topline growth, especially in the Wind EPC segment, is a positive operating signal. Shareholders should watch for continuity in financial reporting under the new CFO and any commentary on the Middle East subsidiary strategy under the new MD.