NSEDisclosure under SEBI Takeover Regulations4d ago · 1 Sept 2026, 06:46 pm
Disclosure under SEBI Takeover Regulations
Sanghvi Movers Limited · SANGHVIMOV
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Maithili Rishi Sanghvi, a promoter of Sanghvi Movers Limited, has submitted a disclosure under SEBI Takeover Regulations for the proposed acquisition of 1,05,53,614 equity shares from her husband, Rishi Sanghvi, by way of gift, representing 12.19% of the company's share capital.
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Full Announcement
Maithili Rishi Sanghvi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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To, To,
The Manager, The Manager,
Lis/ng Department Lis/ng Department
BSE Limited Na/onal Stock Exchange of India Limited
Scrip Code: 530073 Symbol: SANGHVIMOV
Dear Sir/Madam
Sub: Prior In3ma3on under Regula3on 10(5) of Securi3es and Exchange Board of India (Substan3al
Acquisi3on of Shares and Takeovers) Regula3ons, 2011 for proposed acquisi3on of shares by way of
giN.
Ref: Target Company: Sanghvi Movers Limited ISIN: INE989A01032
Please find enclosed herewith prior in/ma/on via disclosures as required under Regula/on 10(5) of
SEBI (SAST) Regula/ons, 2011 for acquisi/on of 1,05,53,614 (One Crore Five Lakh FiZy Three Thousand
Six Hundred Forten Equity Shares) of the Company by way of promoters' inter-se transfer amongst
immediate rela/ves of the Company in the following manner:
Proposed date of Name of the Name of the Rela/onship with No. of shares
transfer Person belonging Person belonging the proposed to be
to Promoter to Promoter Transferor/Seller acquired/disposed
Group- Group-
Transferor/Seller Transferee /
Acquirer
On or before Mr. Rishi C Mrs. Maithili Spouse 1,05,53,614
September 08, Sanghvi Rishi Sanghvi
2026
Kindly take the same on record and acknowledge the receipt.
Thanking you,
Yours sincerely,
Maithili Rishi Sanghvi
Promoter Group
Sanghvi Movers Limited
Format for Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect
of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
1. Name of the Target Company (TC) S anghvi Movers Limited
2. Name of the acquirer(s) M rs. Maithili Rishi Sanghvi
3. Whether the acquirer(s) is/ are promoters of the T he acquirer is an immediate relative of
TC prior to the transaction. If not, nature of the transferor/donor and member of
relationship or association with the TC or its Promoter Group
promoters
4. Details of the proposed acquisition
a. N ame of the person(s) from whom shares are
Mr. Rishi Sanghvi
to be acquired
b. P roposed date of acquisition o n or after September 08, 2026
c. N umber of shares to be acquired from each 1 ,05,53,614 Equity shares held by Mr. Rishi Sanghvi in
the TC will be acquired by his spouse Mrs. Maithili
person mentioned in 4(a) above Sanghvi
d. T otal shares to be acquired as % of share A cquirer will acquire 12.19% of shares of TC held by
capital of TC Mr. Rishi Sanghvi pursuant to Gift Deed
e. P rice at which shares are proposed to be N il, since proposed off market Inter-se transfer of
shares will be by way of Gift therefore no
acquired consideration is involved.
f. R ationale, if any, for the proposed transfer T he Proposed Acquisition is only a private family arrangement
5. Relevant sub-clause of regulation 10(1)(a) under R egulation 10(1)(a)(i) and 10(1)(a)(ii) of the
which the acquirer is exempted from making open SEBI (SAST) Regulations, 2011
offer
6. If, frequently traded, volume weighted average
Nil, since proposed off market Inter-se transfer of
market price for a period of 60 trading days shares will be by way of Gift pursuant to execution of
Gift Deed therefore no consideration is involved.
preceding the date of issuance of this notice as
traded on the stock exchange where the maximum
volume of trading in the shares of the TC are
recorded during such period.
7. If in-frequently traded, the price as determined in
Not Applicable, since no consideration is
terms of clause (e) of sub-regulation (2) of involved as the proposed transfer of shares
is by way of Gift
regulation 8.
8. Declaration by the acquirer, that the acquisition
Not Applicable, since no consideration is
price would not be higher by more than 25% of involved as the proposed transfer of shares
is by way of Gift
the price computed in point 6 or point 7 as
applicable.
9. Declaration by the acquirer, that the transferor
The acquirer confirms that the transferor and
and transferee have complied / will comply with transferee have complied/ will comply with
applicable disclosure requirements
applicable disclosure requirements in Chapter V
of the Takeover Regulations, 2011
(corresponding provisions of the repealed
Takeover Regulations 1997)
10. Declaration by the acquirer that all the conditions
It is hereby declared and confirmed that all the
specified under regulation 10(1)(a) with respect to conditions specified under Regulations 10(i)(a)(i)
of the SEBI SAST Regulations with respect to
exemptions has been duly complied with. exemptions have been duly complied with.