Alteration of Memorandum of Association
Price
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The board of Sanchay Finvest, held on 5 January 2026, approved increasing the company's authorized capital from Rs. 8 crore to Rs. 12 crore to make room for a fresh preferential issue of 48.5 lakh equity shares at Rs. 10 each (face value), raising up to Rs. 4.85 crore. All the shares will go to five non-promoter individuals — Anil Babubhai Mehta (15 lakh shares), Saumya Singh (10 lakh shares), Rushabh Praful Satra (9.3 lakh shares), Vrutika Praful Satra (9.2 lakh shares), and Shankar Dayal Singh (5 lakh shares). The relevant date for the issue is 6 January 2026, and an EGM is scheduled for 5 February 2026 to seek shareholder approval. The board also approved shifting the registered office from Madhya Pradesh to Maharashtra. The issue price equals the face value, so no premium is being charged.
Existing shareholders will face dilution of around 48.5 lakh new shares, and because the shares are issued at face value with no premium, the company is raising capital below what a market-priced issue would fetch. On the positive side, this brings in Rs. 4.85 crore of new equity from non-promoter investors, which can strengthen the company's capital base.