Notice of Extra-ordinary General Meeting to be held on February 09,2026.
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 has called an EGM on February 9, 2026 at 3:00 PM at its registered office in Indore, MP, to seek shareholder approval on three special resolutions. First, the company proposes to increase its authorised share capital from Rs. 8 crore to Rs. 12 crore by adding 4 lakh non-cumulative redeemable preference shares of Rs. 100 each. Second, it plans to issue and allot 48,50,000 equity shares at Rs. 10 per share to five non-promoter allottees for a total of Rs. 4.85 crore on a preferential basis. Third, the company seeks approval to shift its registered office from Madhya Pradesh to Maharashtra. Proceeds from the preferential issue of Rs. 4.85 crore are earmarked for working capital (Rs. 3.85 crore) and general corporate purposes including business development and technology upgrades (Rs. 1 crore), to be deployed by March 31, 2027. Remote e-voting will be available from February 6 to February 8, 2026, with the cut-off date set as February 2, 2026.
Existing shareholders will see dilution as 48.5 lakh new equity shares are issued to non-promoters, expanding the equity base. The registered office shift and capital restructuring signal a possible change in operational focus or expansion plans, though the small issue size (under Rs. 5 crore) limits material impact on share price.