Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanchay Finvest Ltd's board, at a meeting on January 30, 2026, approved increasing the company's authorized capital from Rs. 8 crore to Rs. 14 crore to make room for a larger preferential issue. The original preferential allotment of 48.5 lakh shares (approved on January 5, 2026) has been expanded to 61 lakh equity shares at Rs. 10 per share (face value), raising up to Rs. 6.1 crore in total. The issue will be made to six non-promoter allottees, with a new allottee — Sagar Tilokchand Kothari — added for 12.5 lakh shares worth Rs. 1.25 crore. The company also issued a corrigendum to the earlier notice to incorporate clarifications. The allotment is subject to shareholder approval in an EGM and other regulatory clearances.
Since the preferential shares are being issued at face value (Rs. 10) with no premium, existing shareholders will face equity dilution without any value accretion. All allottees are non-promoters, which will further reduce the promoter group's holding percentage. For a retail investor, this means more shares chasing the same earnings, and the stock could see short-term pressure once the dilution is priced in, subject to shareholder approval.