Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Sanchay Finvest Ltd, at its meeting on 30 January 2026, approved increasing the company's authorised capital from Rs. 8 crore to Rs. 14 crore, subject to shareholder approval at an upcoming EGM. The company is also expanding its previously approved preferential allotment from 48,50,000 equity shares to 61,00,000 equity shares at Rs. 10 per share (face value Rs. 10), raising up to Rs. 6.10 crore. A new allottee, Sagar Tilokchand Kothari, has been added for 12,50,000 shares, alongside five other non-promoter allottees. A corrigendum to the original 5 January 2026 notice will be issued to reflect these changes.
Existing shareholders will face further dilution as the equity base expands by about 26% through this preferential issue priced at face value, well below any meaningful market price. The authorised capital hike signals the company is preparing room for more equity issuance in the future. Shareholders should watch the EGM outcome and monitor whether further capital-raising follows.