ENCLOSED HEREWITH ANNOUNCEMENT FOR APPOITNMENT OF INTERNAL AUDITOR FOR FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanchay Finvest Ltd reported audited financial results for Q4 and FY ended March 2026 with a qualified opinion from Statutory Auditor Jain Jagawat Kamdar & Co. The company declared an unmodified opinion, contradicting the auditor's qualified opinion that cites inability to obtain sufficient audit evidence regarding reconciliation of deposits, advances, and receivables. The auditor highlighted multiple emphasis of matter items: non-compliance with 12% Redeemable Preference Share terms (not paid or redeemed since October 2024 due date), a penalty demand of Rs 47.88 lakhs from NSE for inspection violations, and Rs 28.39 lakhs in outstanding dues to NSE (since cleared). The company posted negative PBT of Rs 145.68 lakhs with EPS of Rs 0.05. Total equity declined sharply from Rs 289.96 lakhs to Rs 148.55 lakhs. Mr. Ramesh Chandra Mishra resigned as Secretarial Auditor citing professional commitments, and M/s SKBJP & Co. was appointed as Internal Auditor for FY26-27.
The company faces governance concerns with a qualified auditor opinion contradicting its own declaration of unmodified opinion. Negative equity trend and multiple regulatory penalties from NSE indicate significant compliance and operational challenges. Shareholders should monitor the resolution of preference share obligations and auditor concerns.