NewsCorporate ActionsSanchay Finvest Ltd Approves ₹48.50 Crore Preferential Issue and Authorised Capital IncreaseSanchay Finvest Ltd Approves ₹48.50 Crore Preferential Issue and Authorised Capital Increase
Sanchay Finvest Ltd's board approved a ₹48.50 crore preferential allotment of 48.50 lakh equity shares to five non-promoter investors at ₹10 per share. The company also proposed increasing authorised capital from ₹8.00 crores to ₹12.00 crores and relocating its registered office from Madhya Pradesh to Maharashtra. An EGM scheduled for February 9, 2026, will seek shareholder approval for these initiatives.
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Sanchay Finvest Ltd announced significant corporate developments following its board meeting held on January 5, 2026, including a substantial preferential share allotment and authorised capital enhancement. The company's board approved multiple strategic initiatives that require shareholder approval through an upcoming Extraordinary General Meeting.
Preferential Share Allotment Details
The board approved the issuance of up to 48.50 lakh equity shares through preferential allotment, raising ₹48.50 crores at ₹10.00 per share. The allotment will be made to five non-promoter investors, with the largest allocation going to Anil Babubhai Mehta.
| Investor Name | Category | Shares Allocated | Investment Amount (₹) |
|---|---|---|---|
| Anil Babubhai Mehta | Non-Promoter | 15,00,000 | 1,50,00,000 |
| Saumya Singh | Non-Promoter | 10,00,000 | 1,00,00,000 |
| Rushabh Praful Satra | Non-Promoter | 9,30,000 | 93,00,000 |
| Vrutika Praful Satra | Non-Promoter | 9,20,000 | 92,00,000 |
| Shankar Dayal Singh | Non-Promoter | 5,00,000 | 50,00,000 |
| Total | 48,50,000 | 4,85,00,000 |
All proposed allottees currently hold no existing shares in the company, making this their initial investment. The issue price of ₹10.00 per share matches the face value of the equity shares.
Authorised Capital Enhancement
To accommodate the preferential allotment, the board proposed increasing the company's authorised capital from ₹8.00 crores to ₹12.00 crores. This enhancement requires amendment to the Memorandum of Association under Section 13 of the Companies Act, 2013, subject to shareholder approval in the upcoming EGM.
Corporate Governance and Compliance
The company has obtained a valuation report from CA Jay Ashok Shah, an IBBI Registered Valuer, and a Regulation 163(2) certificate from Mr. Ramesh Chandra Mishra, Practicing Company Secretary. The relevant date for the preferential issue has been fixed as January 9, 2026. Mr. Ramesh Chandra Mishra has also been appointed as scrutinizer for the e-voting process during the EGM.
Extraordinary General Meeting and Office Relocation
The board scheduled an Extraordinary General Meeting for February 9, 2026, at 3:00 PM to seek shareholder approval for all proposed resolutions. Additionally, the board approved the relocation of the company's registered office from Madhya Pradesh to Maharashtra. The company will provide e-voting facilities through the CSDL platform for shareholder convenience.
Meeting Duration and Leadership
The board meeting, which commenced at 4:00 PM and concluded at 9:00 PM on January 5, 2026, was conducted under the leadership of Managing Director Naresh Kumar Nandlal Sharma. All decisions were made in compliance with SEBI regulations and the Companies Act, 2013, ensuring proper disclosure and transparency for stakeholders.
Historical Stock Returns for Sanchay Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | -0.27% | +7.77% | -21.80% | -40.66% | +690.55% |
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