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▲ 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 approved a preferential allotment of 48.5 lakh equity shares at Rs. 10 per share (face value), raising up to Rs. 4.85 crore. All five proposed allottees are non-promoter individuals (Rushabh Praful Satra, Vrutika Praful Satra, Anil Babubhai Mehta, Shankar Dayal Singh, and Saumya Singh), each with NIL pre-holding in the company. To accommodate this issue, the company plans to increase its authorized capital from Rs. 8 crore to Rs. 12 crore, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for February 5, 2026 to seek member approval. The board also approved shifting the registered office from Madhya Pradesh to Maharashtra.
Since shares are being issued at face value to new non-promoter investors, existing shareholders will face dilution of their stake without receiving any fresh capital themselves. The Rs. 4.85 crore raise is relatively small, and details on the end-use of funds were not disclosed in this filing, which may raise questions about the purpose of the capital infusion.