Sanghvi Movers Limited — Important, 13-03-2025: Updates

Sanghvi Movers Limited has approved an investment in equity shares of its wholly owned subsidiary, Sangreen Future Renewables Private Limited. The investment amounts to ₹8 crore, representing 100% of the subsidiary’s equity, with the shares valued at ₹10 each. Sangreen, incorporated on June 28, 2024, focuses on providing complete turnkey services to Independent Power Producers (IPPs), covering everything from conceptualization to commissioning of wind turbine generators. As of December 31, 2024, Sangreen's unaudited turnover stood at ₹96.56 crore. This move aligns with the company's strategy to expand its footprint in the renewable energy sector, particularly in wind power, and could enhance overall operational capabilities and market presence. Investors should watch closely for growth potential stemming from this strategic alignment and the increasing demand for clean energy solutions.