Enclosed herewith Board Meeting Outcome dated 30.01.2026
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Sanchay Finvest's board, meeting on January 30, 2026, approved increasing the company's authorised capital from Rs. 8 crore to Rs. 14 crore to accommodate a larger preferential issue. The board also modified the earlier preferential allotment (originally approved on January 5, 2026 for 48.5 lakh shares) by adding 12.5 lakh fresh equity shares, taking the total to 61 lakh equity shares. These shares will be issued at Rs. 10 per share (face value = issue price), raising up to Rs. 6.10 crore. Six proposed allottees, all classified as non-promoters, will receive the shares, with the largest being Anil Babubhai Mehta (15 lakh shares, Rs. 1.5 crore) and Sagar Tilokchand Kothari (12.5 lakh shares, Rs. 1.25 crore). The changes are subject to shareholder approval at an upcoming EGM.
The preferential issue will dilute existing shareholders by issuing about 61 lakh new equity shares to non-promoter allottees. Since the issue price equals face value with no premium, the company is raising a modest Rs. 6.10 crore, but shareholder approval and EGM clearance are still pending before the allotment becomes effective.