ENLCOSED HEREWITH BOARD MEETING OUCTOME DATED 13/11/2025
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Sanchay Finvest Ltd's board approved unaudited financial results for Q2FY26 and H1FY26 (ended 30 Sept 2025) on 13 Nov 2025. The company reported a loss for the quarter, with an additional Rs. 24.11 lakh hit from an NSE penalty for delayed/non-filed regulatory submissions, booked as extraordinary items. Earlier in Q1FY26, the company also wrote off Rs. 27.96 lakhs related to old exchange deposits (M.P. Stock Exchange, OTC Exchange, BSE fees). The auditor (Jain Jagawat Kamdar & Co) issued a qualified opinion due to non-provisioning of expected credit losses on doubtful receivables of Rs. 67.21 thousand, and flagged multiple emphasis-of-matter issues including non-compliance with Companies Act provisions on Audit Committee and Nomination & Remuneration Committee composition, and unpaid preference share dividends with unredeemed shares past their due date (Oct 2024). Total equity declined from Rs. 289.96 lakhs (March 2025) to Rs. 229.52 lakhs.
Multiple red flags — regulatory penalties, audit qualifications, board committee non-compliance, and unredeemed preference shares signal serious governance and financial distress concerns; shareholders should view this as a negative development with potential further erosion of equity value.