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Sanghvi08220906Executive DirectorChairpersonMD1989-05-26falseActiveNA2018-12-072024-07-191010MrMadhukar Vinayak Kotwal00001744Non-Executive - Independent DirectorNot Applicable1948-10-10falseActiveYes2020-09-252016-04-012024-11-14103.141120OthersMrsMaithili Rishi Sanghvi08334635Non-Executive - Non Independent DirectorNot Applicable1988-02-05falseActiveNA2019-05-232022-08-181000MrsMadhu Dubhashi00036846Non-Executive - Independent DirectorNot Applicable1951-02-06falseActiveYes2024-07-192019-08-082024-07-1964.234464MrIndraneel Govind Chitale07720280Non-Executive - Independent DirectorNot Applicable1989-05-25falseActiveNA2023-12-252024-01-2912.071121MrTushar Vinayak Mehendale01846705Non-Executive - Independent DirectorNot Applicable1975-11-02falseActiveNA2024-05-162024-07-197.141100MrDeepak Ambadas Thombre02421599Non-Executive - Independent DirectorNot Applicable1954-08-03falseActiveNA2024-12-050.272272MrMr. Amitabha Mukhopadhyay01806781Non-Executive - Independent DirectorNot Applicable1964-08-17falseActiveNA2024-12-050.273342Mr. M.V. Kotwal on 14.11.2024 tendered his resignation as an Independent Director of the Co. Consequently, he shall also cease to be a Member of the Audit Committee, Stakeholders Relationship Committee, Risk Management Committee & from the Chairmanship of Nomination & Remuneration Committee. The Board appointed Mr. Tushar Mehendale as member of Audit Committee on 14.11.2024. On 05.12.2024, the Board also appointed (a) Mr. Tushar Mehendale as Chairperson of Nomination & Remuneration Committee & member of Risk Management Committee and (b) Mr. Indraneel Chitale as member of Risk Management Committee.truetruetruetruetrueAudit Committee00036846Madhu DubhashiNon-Executive - Independent DirectorChairperson2019-11-12Audit Committee00001744Madhukar Vinayak KotwalNon-Executive - Independent DirectorMember2018-09-302024-11-14Audit Committee07720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember2024-04-01Audit Committee01846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember2024-11-14Nomination and remuneration committee00001744Madhukar Vinayak KotwalNon-Executive - Independent DirectorChairperson2024-04-012024-11-14Nomination and remuneration committee00036846Madhu DubhashiNon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee01846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember2024-08-07Nomination and remuneration committee07720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember2024-12-05Stakeholders Relationship Committee07720280Indraneel Govind ChitaleNon-Executive - Independent DirectorChairperson2024-04-01Stakeholders Relationship Committee00001744Madhukar Vinayak KotwalNon-Executive - Independent DirectorMember2018-09-302024-11-14Stakeholders Relationship Committee00036846Madhu DubhashiNon-Executive - Independent DirectorMember2024-04-01Stakeholders Relationship Committee08220906Rishi C. SanghviExecutive DirectorMember2019-05-23Risk Management Committee08220906Rishi C. SanghviExecutive DirectorChairperson2024-04-01Risk Management Committee00001744Madhukar Vinayak KotwalNon-Executive - Independent DirectorMember2018-09-302024-11-14Risk Management Committee07720280Indraneel Govind ChitaleNon-Executive - Independent DirectorMember2024-08-07Risk Management Committee01846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember2024-12-05Corporate Social Responsibility Committee08334635Maithili Rishi SanghviNon-Executive - Non Independent DirectorChairperson2019-05-23Corporate Social Responsibility Committee01846705Tushar Vinayak MehendaleNon-Executive - Independent DirectorMember2024-08-07Corporate Social Responsibility Committee08220906Rishi C. SanghviExecutive DirectorMember2024-04-012024-08-07true6642024-10-1164true6532024-11-1433true653Audit Committee2024-08-07true3330Audit Committee2024-10-1164true3330Audit Committee2024-11-1433true3220Stakeholders Relationship Committee2024-08-07true4430Stakeholders Relationship Committee2024-11-1498true4320Risk Management Committee2024-05-16true3320Risk Management Committee2024-11-14181true3320truetruetruetrueYestruetruetrueRajesh P. LikhiteCompany Secretary and Compliance OfficerfalseRajesh P. LikhiteCompany Secretary and Compliance OfficerPune2025-01-3101100State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil NaduOrder under Section 73 of CGST Act, 20172024-12-31The State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil Nadu has passed an Order in Form DRC 07 for FY 2020-21 demanding Rs. 17,45,976/- (Tax-Rs. 9,83,510/-, Interest-Rs. 6,64,475/-, Penalty-Rs. 98351/-) on account of “Mismatch in turnover between GSTR-9 and GSTR - 9C filed for FY 2020-21”Rs. 17,45,976/- (Rupees Seventeen Lakh Fourty Five Thousand Nine Hundred Seventy Six only). There is no material impact on financial, operation or other activities of the company due to the tax and penalty payable. This Order is currently appealable and the company will make an assessment to exercise the right to appeal. Company will file appeal on or before 31.03.2025.State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil NaduOrder under Section 73 of SGST Act, 20172024-12-31The State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil Nadu has passed an Order Form DRC 07 for FY 2020-21 demanding Rs. 17,45,976/- (Tax-Rs. 9,83,510/-, Interest-Rs. 6,64,475/-, Penalty- Rs. 98351/-) on account of “Mismatch in turnover between GSTR-9 and GSTR - 9C filed for FY 2020-21”Rs. 17,45,976/- (Rupees Seventeen Lakh Fourty Five Thousand Nine Hundred Seventy Six only). There is no material impact on financial, operation or other activities of the company due to the tax and penalty payable. This Order is currently appealable and the company will make an assessment to exercise the right to appeal. Company will file appeal on or before 31.03.2025.State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil NaduOrder under Section 73 of CGST Act, 20172024-12-31The State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil Nadu has passed an Order for FY 2020-21 demanding Rs. 89,594/- (Tax-Rs. 48,211/-, Interest-Rs. 31,283/-, Penalty- Rs.10,000/-) on account of unreconciled turnover appearing in table 5 of GSTR-9C filed for FY 2020-21.Rs. 89,594/- (Rupees Eighty Nine Thousand Five Hundred Ninety Four only). There is no material impact on financial, operation or other activities of the company due to the tax and penalty payable. This Order is currently appealable and the company will make an assessment to exercise the right to appeal. Company will file appeal on or before 31.03.2025.State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil NaduOrder under Section 73 of SGST Act, 20172024-12-31The State Tax Officer-2, Kovilpatti, Kovilpaptti – II circle, Tamil Nadu has passed an Order for FY 2020-21 demanding Rs. 89,594/- (Tax-Rs. 48,211/-, Interest-Rs. 31,283/-, Penalty- Rs.10,000/-) on account of unreconciled turnover appearing in table 5 of GSTR-9C filed for FY 2020-21.Rs. 89,594/- (Rupees Eighty Nine Thousand Five Hundred Ninety Four only). There is no material impact on financial, operation or other activities of the company due to the tax and penalty payable. This Order is currently appealable and the company will make an assessment to exercise the right to appeal.Company will file appeal on or before 31.03.2025.The Maharashtra Motor Vehicles Department (MMVD)Overloading, over dimensional consignment fine of Rs. 70,750/-2024-12-10The Company has received the challan towards fine and the same has been paid by the Company.The Company operates in the crane industry, which involves the transportation of over-dimensional cargo by road, as certain crane components cannot be dismantled beyond specific limits. Such movements occasionally result in penalties, which are accounted for as part of routine business operations under 'Fines and Penalties' in the Profit & Loss Statement. These occurrences are operationally managed and do not have any material impact on the Company's financial or operational performance.Maharashtra Sales Tax Department2016-11-24The Company had received notices of demand in respect of Order of Assessment of FY 2008-09, FY 2009-10, FY 2010-11, FY 2012-13, FY 2013-14, FY 2014-15, FY 2015-16, FY 2016-17 and FY 2017-18 towards VAT and CST liability treating hiring of cranes as transfer of right to use of cranes.The Company had received a favorable order for FY 2008-09 from Maharashtra Sales Tax Tribunal against which the Sales tax department had preferred an appeal in the High Court. The Honorable Bombay High Court vide its order dated 04 December 2023 held that giving cranes on hire does not involve the transfer of the right to use the cranes, as the effective control and possession always remained with the Company. Hence, the Department's appeal stood dismissed. Basis the above favorable judgement for FY 2008-09 from High Court and considering the nature of its business, the management is confident that ongoing litigations for other years will also be decided in the favor of the Company and hence no provision / disclosure of contingency is required. To best of our knowledge & information Maharashtra Sales department didn't file an appeal in next available forum & therefore it does not have any impact on financial performance of the company.Income tax Department, Pune, Maharashtra2019-12-16For the Financial Year 2016-17, the Assessing Officer (AO) passed an order under Section 143(3), making certain additions and disallowances related to compounding fees paid to the RTO authorities for overweight and over-dimensional cargo, windmill expenses, and PF contributions.The company filed an appeal before the CIT (Appeals) on 13th January 2020. However, a hearing date has yet to be scheduled. The company has favorable orders from Income Tax appellate for earlier assessment years. Therefore it does not have any impact on financial performance of the company.Income tax Department, Pune, Maharashtra2021-04-11For the Financial Year 2017-18, the Assessing Officer (AO), by an order under Section 143(3), increased the total income due to deviations in stock valuation as specified under Section 145A.The company filed an appeal with the CIT (A) on 5th April 2020. Also this being an arithmetical error, company had filed rectification application u/s 154.GST Department Maharashtra2022-04-30Input Tax Credit (ITC) claimed in GSTR-3B/GSTR-9 for the financial year 2017-18 exceeds the amount confirmed in GSTR-2A or 8A of GSTR-9.As per the provisions of the Goods and Services Tax (GST) law, ITC can only be claimed to the extent reflected in GSTR-2A/8A. Therefore, the excess ITC claimed in GSTR-3B/9 is not eligible for set-off, leading to its disallowance in the assessment. An appeal was filed against the demand notice with the Maharashtra GST Department on 22nd July 2022. Company believes that they have a strong merit in the case & will ger favorable order.GST Department Andhra Pradesh2023-01-13The Input Tax Credit (ITC) claimed on certain input purchases for the Financial Year 2018-19 has been disallowed. The Assessing Officer has pointed out a discrepancy in the turnover reported between GSTR-9 and GSTR-3B for the Financial Year 2018-19. The turnover reported in GSTR-9 does not match the turnover declared in GSTR-3B, resulting in an inconsistency that requires rectification.An appeal was filed against the demand notice with the Andhra Pradesh GST Department on 24th February 2023 & hearing is yet to take place. Company believes that they have a strong merit in the case & will ger favorable order.SML. Vs. STO. Chichira Check Post and Others, RN. No. 1730 of 20122012-01-01Matter pending before Tribunal for final adjdication on applicablity of VATPending for Final HearingSML Vs. Check Post Shamlaji, Memo No. 342 to 345 of 20142014-01-10Sales Tax Authorities at Gujarat considering us as Dealer and imposed liabllity for payment of GVAT. 1. SML crawler crane CKE 2500 (15) was moving into Gujrat state and was detained at Amirgadh check post and Shamalji check post of Commercial Tax dept.Gujrat and issued notice for furnish security because SML not registered under Gujrat VAT Act,2003. 2. SML issued BG No. 0896616BG0000162 dt 22-03-2016 of RS. 15,50,000/- in favour of The commissioner of commercial Tax, Commercial Tax Office, Ashram Road, Ahmedabad u/s. 28 of Gujrat VAT Act,2003 3. The said office directed to SML to furnish BG for getting certificate under Gujrat VAT Act, 2003. 4. The said BG has been issued/furnished under sec. 28 of Gujrat VAT Act, 2003. 5. The validity said BG was 19-03-2016 upto 18-03-2017. 6. Validity of the said BG has expired in 2017. 7. Till today SML has not received any notice of said office regarding extention of BG. 8. SML tried to call in commissioner of commercial Tax, Office but unable to connect as contact numbers are not reachable.Sanghvi Movers Limited tried to contact commissioner of commercial Tax Office but unable to connect as contact numbers are not reachable.SML Vs. Check Post Amirgadh, Memo No. 342 to 345 of 20142014-01-10Sales Tax Authorities at Gujarat considering us as Dealer and imposed liabllity for payment of GVAT. 1. SML crawler crane CKE 2500 (15) was moving into Gujrat state and was detained at Amirgadh check post and Shamalji chec1. SML Crawler Crane Model No LR 1400-1 sr. no. 74016 was moving from Begusarai, Bihar to Gujrat. 2. The said crane was moving into vehicle no. GJ 12 Y 9845 and RJ 01 GA 1956 was detained by Amirgad Check post of commercial dept of Gujrat. 3. The Commercial Tax dept directed to SML to make registration under Gujrat VAT Act, 2003 and passed the order to furnish security under sec. 28 of Gujrat VAT Act,2003. 4. SML challenged the order of said dept before the Commercial Tax dept. of Gujrat. 5. As per order of Tax dept. SML has submit Bank Guarantee bearing no. 0106151GFIN0005 of Dena Bank dt 20-02-2015 for Rs. 15,00,000/- ( which was expired on 19-02-2016). 6. SML received letter dt 25/02/2016 of checkpost of Tax dept. demanded to submit fresh Bank guarantee. 7. As per said notice SML submitted fresh Bank guarantee bearing no. 0896616BG0000125 dt. 03-05-2016 for Rs. 15,00,000/-,for the period of 6 month from 02-03-2016 to 01-09-2016. 8. The said bank guarantee also expired on 01-09-2016. 9. Thereafter, SML did not received any notice regarding the extension BG from Commercial Tax dept till today. 10. SML will contact to concern office/dept will get updade of said BG. 11. Tried to contact and called on phone number of said office but did not reached.Sanghvi Movers Limited tried to call in commissioner of commercial Tax, Office but unable to connect as contact numbers are not reachable.The Commercial tax Officer, Thoppur Check Post, Tamil Nadu2007-07-161. 16/07/2007 SML Vehicle bearing Rgd. No. GJ 16 V 6864, TN 20 P 8037 and TN 20 P 8035 was moving towards at Gulbarga, Karnataka loading counterparts of tyre crane intercepted and detained by the check post officer at Thoppur Checkpost and alleging that therehas been an evasion of tax under sec 4(1) of the TNVAT tax and without considering submissions of SML passed amounting/levied and collected a tax of Rs. 1,64,384/- and C fees of Rs. 3,28,770/- aggregating to Rs. 4,93,155/-. 2. SML filed Revision Petition no. 37/2007 aginst the order of check post officer, Thoppur before Joint Commissioner (CT) Salem Devision. 3. On 18-09-2008 Joint Commissioner (CT) passed the order Revision Petition partly allowed and partly dismissed ( The levy of tax of Rs. 1,64,385/- is sustained and the levy of compounding fee of Rs. 3, 28,770/- is set aside). 4. Aggrived by the said order SML filed Revision Petition no. 103/2009 before Additional Commissioner of Commercial Taxes, Chennai for cancellation of the levy of tax of Rs. 1, 64,385/- and refund of the tax of Rs. 1,64,385/-. 5. SML received the notice of the office of Addl Commissioner of Commercial Tax Chennai in March 2022 for appearance on 28-3-2022 for final hearing. 6. SML apeared through advocate and sought time for final hearing, the office of tax adjouned the case and kept the case on 20-4-2022 for final hearing.Revision Petition no. 103/2009 is pending for final hearing before Addl Commissioner of Commercial Taxes, Chennai. The matter is case on 20-04-2022 for final hearing.