ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 20/04/2026
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Sanchay Finvest Ltd's Board of Directors met on 20 April 2026 and approved the allotment of 48,50,000 equity shares at Rs. 10/- each to 5 non-promoter individuals, raising a total of Rs. 4,85,00,000 (approximately Rs. 4.85 crore). The allottees include Rushabh Praful Satra, Vrutika Praful Satra, Anil Babubhai Mehta, Shankar Dayal Singh, and Saumya Singh. All allottees had zero pre-allotment holding in the company. One planned allottee, Mr. Sagar Tilokchand Kothari, did not subscribe to his proposed 12,50,000 share allotment, which has been withdrawn. The original BSE in-principle approval was for 61,00,000 shares, but only 48,50,000 were ultimately allotted. The funds are to be utilized as per objects approved by shareholders at an EGM.
This is a dilutive preferential allotment to non-promoters at face value of Rs. 10 per share, which will increase the company's equity base. The small raise size (~Rs. 4.85 crore) is unlikely to have a major impact on the stock, but any remaining unsubscribed portion (12,50,000 shares) represents foregone capital.