SANGHVIMOV2023-04-012023-06-30 SANGHVIMOV2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member SANGHVIMOV2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530073 SANGHVIMOV NOTLISTED Sanghvi Movers Limited Equity 2023-04-01 2024-03-31 2023-08-07 2023-07-26 INR Lakhs First quarter 11:15:00 13:00:00 2023-08-07 2023-08-07 Not applicable Single segment Crane Hiring 2023-04-01 2023-06-30 Unaudited Standalone 1460727000.00 60310000.00 1521037000.00 0.00 0.00 0.00 80237000.00 54726000.00 325647000.00 499735000.00 960345000.00 560692000.00 0.00 560692000.00 161627000.00 -18323000.00 143304000.00 0.00 417388000.00 0.00 0.00 0.00 0.00 417388000.00 0.00 417388000.00 0.00 0.00 86576000.00 2 9.64 9.64 0.00 0.00 9.64 9.64 1. The above unaudited financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on 7 August 2023. These unaudited financial results have been prepared in accordance with the Indian Accounting Standards ( Ind-AS ) as specified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and Regulation 33 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015 (as amended). 2. The Statutory Auditors of the Company have conducted limited review of unaudited financial results of the Company for the quarter ended 30 June 2023. An unqualified conclusion has been issued by them thereon. 3.Figures of quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of full year and published year to date figures of nine month ended December 31, 2022 which were only reviewed and not subject to audit. 4.The Company generates its revenue by providing cranes, trailers on hire and ancillary services in India. The Chief Operating Decision Maker (CODM) reviews the operations of the Company as one operating segment. Hence no separate segment information has been furnished herewith. 5.The Company had incorporated a wholly owned subsidiary namely Sanghvi Movers Vietnam Company Limited ( SML Vietnam ) in Vietnam and registered with Ministry of Planning and investment on September 16, 2021. During quarter ended December 31, 2021, the Company invested INR 26.44 Lakhs (USD 35,000) towards initial capital. Further, due to the complicated situation of COVID-19 epidemic, SML Vietnam had filed for temporary suspension of business for the period from December, 2021 to December 2022 which was acknowledged by the ministry. Further, SML Vietnam has extended temporary suspension of business for the period from December, 2022 to December, 2023. The Company has, during the quarter ended June 30, 2023, recognised an impairment loss of INR 4.85 lakhs towards carrying value of the investment. 6. The Board of Directors of the Company in their meeting held on 07 August 2023, approved voluntary winding up of Sanghvi Movers Vietnam Company Limited, a wholly owned subsidiary of the Company in Vietnam, as per the applicable laws of Vietnam. 7.The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020 and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which the Code becomes effective and the related rules to determine the financial impact are published. 8. Previous period figures have been regrouped / reclassified wherever necessary to correspond with the current period classification / disclosure. Operating and other expenses 499735000.00 0.00 0.00