Sanchay Finvest Ltd Board Approves Preferential Allotment of 48.5 Lakh Shares
Sanchay Finvest Ltd. conducted a Board Meeting on Monday, April 20, 2026. During the meeting, the Board took record of and approved the allotment of Equity shares on a preferential basis to non-promoters.The Board had previously taken on record the in-principle Approval from the BSE dated April 06, 2026, for the allotment of 61,00,000 Equity shares to non-promoters at an issue price of Rs. 10 each.
On April 20, 2026, the company formally issued and allotted 48,50,000 Equity Shares of Rs. 10 each to various Non-Promoter investors on a preferential basis. The Board also took record of the Statutory Auditor Certificate confirming the receipt of subscription money amounting to Rs. 4,85,00,000 from the allottees.
The total subscription details are summarized below:
| Allottee Name | Category | Number of Equity Shares | Amount of Subscription (Rs.) |
|---|---|---|---|
| RUSHABH PRAFUL SATRA | Non- Promoter | 9,30,000 | 93,00,000 |
| VRUTIKA PRAFUL SATRA | Non- Promoter | 9,20,000 | 92,00,000 |
| ANIL BABUBHAI MEHTA | Non- Promoter | 15,00,000 | 1,50,00,000 |
| SHANKAR DAYAL SINGH | Non- Promoter | 5,00,000 | 50,00,000 |
| SAUMYA SINGH | Non- Promoter | 10,00,000 | 1,00,00,000 |
| TOTAL | 48,50,000 | 4,85,00,000 |
The Board also addressed a specific offer to Mr. Sagar Tilokchand Kothari. The Board noted that Mr. Kothari failed to subscribe to 12,50,000 equity shares proposed to him. Consequently, the offer of shares of 12,50,000 made to Mr. Kothari was withdrawn/cancelled due to non-subscription within the prescribed timeline.
The Board further approved the allotment of Equity shares to the mentioned allottees and authorized Mr. Naresh Kumar Nandlal Sharma (Managing Director) and Mr. Sarthak Naresh Sharma (Whole-time Director) jointly and severally. They are authorized to file the return of allotment in Form PAS-3 with the Registrar of Companies, credit the shares in demat form, and take all necessary actions to give effect to the resolution.
Stock Price Movement
At the close of trading today, Sanchay Finvest Ltd. shares settled at ₹45.74, marking a 1.98% gain for the session. The stock remained completely flat throughout the day, establishing and maintaining its level at ₹45.74 from open to close.Source:
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