Sanghvi Movers: Promoter family gift of 1.05 Cr shares

Sanghvi Movers Limited has filed a disclosure regarding a proposed acquisition of 1,05,53,614 equity shares by way of a gift. The transfer is an inter-se promoter group transaction, specifically a gift from Mr. Rishi C Sanghvi to his spouse, Mrs. Maithili Rishi Sanghvi. This transaction is exempt from open offer requirements under SEBI (SAST) Regulations, 2011, as it's a gift within immediate relatives. The proposed date of transfer is on or before September 08, 2026. Post-acquisition, Mrs. Maithili Rishi Sanghvi's shareholding will increase, while Mr. Rishi Sanghvi's will decrease, reflecting a shift within the promoter group's holdings.