ENCLOSED HERWITH RESIGNATION ANNOUNCEMENT UNDER REG 30 0F SEBI LODR, 2015
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Sanchay Finvest Limited held a Board meeting on May 28, 2026 approving audited financial results for Q4 and FY ended March 31, 2026. The company posted basic/diluted EPS of Rs. 0.05 for the year. Total equity declined significantly from Rs. 289.96 lakhs to Rs. 148.55 lakhs. The Secretarial Auditor, Mr. Ramesh Chandra Mishra from M/s Ramesh Chandra Mishra & Associates, resigned effective closing of business hours on May 28, 2026 citing other professional commitments. The company appointed M/s. SKBJP & Co. Chartered Accountants as Internal Auditor for FY 2026-27. The statutory auditor issued a qualified opinion citing concerns including non-compliance with preference share terms, NSE penalties of Rs. 47.88 lakhs, reconciliation deficiencies, and weak internal controls over trade payables classification.
The significant erosion in equity and qualified auditor opinion signal financial stress. The mid-term resignation of the secretarial auditor and NSE penalties indicate governance and compliance concerns that shareholders should monitor closely.