Sanchay Finvest Ltd — Results, 29-05-2025: Result

Sanchay Finvest Ltd. has announced a board meeting that approved the audited financial results for the quarter and year ended March 31, 2025. The company reported a loss of Rs. 31.95 lakh for the year, widened from Rs. 14.25 lakh loss in the previous period. Total income stood at Rs. 64.98 lakh while expenses were Rs. 83.55 lakh. Significant penalties and prior period expenses impacted profitability. The company faces issues with overdue non-cumulative redeemable preference shares, with defaulted dividend payments and non-redemption after maturity, primarily held by promoters. Audit findings highlighted inadequate provisioning for expected credit losses on some receivables and deposits, and weaknesses in internal controls and compliance with board committee requirements. The company operates mainly in share broking and trading within India.