ENCLOSED HEREWITH INTIMATION FOR ALLOTMENT OF EQUITY SHARES ON 20/04/2026
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Sanchay Finvest Ltd has informed BSE about a board meeting scheduled on April 20, 2026, to consider and approve the allotment of equity shares on a preferential basis to non-promoters. The shares will be issued at Rs. 10 per share, which is the face value, meaning there is no premium or discount involved. This allotment was already approved by members in an Extra-Ordinary General Meeting held on February 9, 2026. BSE has also granted its in-principle approval for the issue under SEBI LODR regulations.
The preferential allotment at face value will dilute existing shareholders' stakes while bringing in fresh capital from non-promoter investors. Since shares are being issued at par rather than at a market premium, it may be viewed unfavourably by retail investors, as it could signal limited investor interest at a fair price or the company offering favorable terms to select allottees.