Sanchay Finvest Ltd — Important, 05-01-2026: Company Update
05-01-2026 | 10:03 pm
05-01-2026 | 10:03 pm
The company's board has approved increasing its authorized capital from Rs 8 Cr to Rs 12 Cr. This move aims to accommodate a preferential allotment of 48.50 lakh equity shares at Rs 10 per share, raising Rs 4.85 Cr from five non-promoter investors. These capital-raising initiatives require shareholder approval at an upcoming Extraordinary General Meeting, where an amendment to the Memorandum of Association and a change of registered office from Madhya Pradesh to Maharashtra will also be considered. This strategic step supports future equity issuance and operational adjustments.
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