ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 11/08/2025
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Sanchay Finvest Ltd's board met on 11 August 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). The company swung from a small profit of Rs 1.65 lakhs to a net loss of Rs 34.47 lakhs, with total revenue collapsing to just Rs 1.2 lakhs from Rs 11.71 lakhs previously. The company wrote off Rs 27.96 lakhs in current assets (including BSE revocation fees, M.P. Stock Exchange card fees, and member deposits) and reported Rs 4.72 lakhs in exchange penalties as extraordinary items. The board also approved shifting the registered office from Madhya Pradesh to Maharashtra and convening the 34th AGM on 26 September 2025.
Shareholders should note the auditor issued a qualified opinion and highlighted multiple emphasis-of-matter issues including non-compliance with audit committee requirements, unpaid preference share dividends, and weak internal reconciliation systems. The sharp swing to losses and significant asset write-offs signal ongoing financial stress for this small share-broking company.