Sanghvi Movers Limited announced that the Wholly Owned Subsidiary namely "Sangreen Renewables Private Limited" has been incorporated on 23 March 2024. Authorized Share Capital: INR 1,000,000 divided into 100,000 shares of INR 10 each; Paid-up Share Capital: INR 100,000 divided into 10,000 shares of INR 10 each; Size/Turnover: Not Applicable. Sangreen Renewables Private Limited is a related party of the Company.

Save and except as mentioned above, the promoter/promoter group are not interested in the WOS. Sangreen Renewables Private Limited will carry on the business related to provide full-fledged turnkey services to Independent Power Producers (IPP) right from Conceptualization to Commissioning of wind turbine generator (WTG). The business of the WOS is not outside the main line of business of the Company.