NewsCorporate ActionsSanchay Finvest Board Approves ₹48.50 Crore Preferential Issue and Capital IncreaseSanchay Finvest Board Approves ₹48.50 Crore Preferential Issue and Capital Increase
Sanchay Finvest Ltd's board has approved a comprehensive capital restructuring plan including a ₹48.50 crore preferential allotment to five non-promoter investors and an increase in authorized capital from ₹8 crores to ₹12 crores. The company has scheduled an Extraordinary General Meeting for February 5, 2026, to seek shareholder approval for these proposals along with the relocation of its registered office from Madhya Pradesh to Maharashtra.
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Sanchay Finvest Ltd's board has approved a significant capital raising initiative through preferential allotment, aimed at strengthening the company's financial position. The board meeting held on January 5, 2026, at 4:00 PM at the registered office, considered and approved several key proposals that require shareholder approval.
Preferential Issue Details
The company plans to issue up to 48.50 lakh equity shares at ₹10.00 per share, raising approximately ₹48.50 crores through preferential allotment to five non-promoter investors. The issue price matches the face value of ₹10.00 per equity share.
| Investor Details: | Shares Allotted | Investment Amount |
|---|---|---|
| Rushabh Praful Satra: | 9.30 lakh | ₹93.00 lakhs |
| Vrutika Praful Satra: | 9.20 lakh | ₹92.00 lakhs |
| Anil Babubhai Mehta: | 15.00 lakh | ₹150.00 lakhs |
| Shankar Dayal Singh: | 5.00 lakh | ₹50.00 lakhs |
| Saumya Singh: | 10.00 lakh | ₹100.00 lakhs |
| Total: | 48.50 lakh | ₹485.00 lakhs |
All proposed allottees are categorized as non-promoters with no existing shareholding in the company. The preferential issue will be conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Capital Structure Enhancement
To accommodate the fresh equity issue, the board has proposed increasing the company's authorized capital from ₹8.00 crores to ₹12.00 crores. This enhancement requires amendment to the Memorandum of Association by altering the capital clause, subject to shareholder approval as mandated under Section 13 of the Companies Act, 2013.
Regulatory Compliance and Valuation
The company has obtained necessary regulatory certifications for the preferential issue. CA Jay Ashok Shah, an IBBI Registered Valuer (Registration No: IBBI/RV/07/2022/14720), has provided the valuation report. Mr. Ramesh Chandra Mishra, a Practicing Company Secretary (Membership No. FCS 5477 & COP: 3987), has issued the Regulation 163(2) certificate as per SEBI (ICDR) Regulations, 2018.
Shareholder Meeting and Timeline
Key dates and arrangements for the preferential issue include:
| Timeline Details: | Information |
|---|---|
| Relevant Date: | January 6, 2026 |
| EGM Date: | February 5, 2026 |
| EGM Time: | 3:00 PM |
| Venue: | 209, Rajani Bhuvan, 569 M.G. Road, Indore, MP |
| E-voting Platform: | CSDL |
| Scrutinizer: | Mr. Ramesh Chandra Mishra (FCS 5477) |
The Extraordinary General Meeting will seek shareholder approval for the preferential issue, capital increase, and other related matters. The company will provide e-voting facility through the CSDL platform to ensure convenient participation for all shareholders.
Additional Corporate Actions
The board also approved the change of registered office from Madhya Pradesh to Maharashtra, indicating the company's strategic repositioning. The comprehensive board meeting commenced at 4:00 PM and concluded at 9:00 PM on January 5, 2026, addressing multiple aspects of the company's capital restructuring and operational requirements.
Historical Stock Returns for Sanchay Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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