ENCLSOED HEREWITH EGM OUTCOME DATED 09/02/2026
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Sanchay Finvest Ltd held its Extraordinary General Meeting (EGM) on February 9, 2026, at its registered office in Mumbai from 3:00 PM to 3:30 PM. Three special resolutions were transacted: (1) Increase in Authorised Share Capital, (2) Issue and Allotment of 61,00,000 (61 lakh) equity shares to non-promoter categories on a preferential basis, and (3) Shifting of the Registered Office from the State of Madhya Pradesh to the State of Maharashtra. The meeting had the requisite quorum and was presided over by Managing Director Naresh Kumar Nandlal Sharma. Remote e-voting was conducted from February 6 to February 8, 2026 via CDSL. The voting results and scrutinizer's report will be submitted to the stock exchange by February 11, 2026.
The preferential allotment of 61 lakh equity shares to non-promoters signals a potential equity fundraise, which could dilute existing shareholders. The increase in authorised capital supports this fundraise. The registered office shift to Maharashtra (where the company already operates from Mumbai) is largely administrative and should have no material impact on operations or shareholders.