StockWatch
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Diversified Commercial Services
Corporate Governance14 Nov 2026, 07:23 pm

Sanchay Finvest: No Deviation in Preferential Issue Fund Use for Q2 FY27

AI Summary

Sanchay Finvest Ltd has reported that there is no deviation or variation in the utilization of proceeds raised through its preferential issue for the quarter and half-year ended September 30, 2026. The company raised ₹4,85,00,000 (₹4.85 Crore) through this issue on February 9, 2026. Funds were allocated to working capital requirements (₹3,85,00,000) and general corporate purposes including business development, technology upgrades, and broker obligations (₹1,00,00,000). The statement, reviewed by the Audit Committee on November 14, 2026, confirms that the utilized amounts align with the original objects, with no funds diverted or reallocated.

Key Highlights

  • No deviation reported in preferential issue fund utilization for Q2 FY27.
  • ₹4.85 Crore raised via preferential issue on Feb 9, 2026.
  • Funds utilized for working capital and general corporate purposes.
  • Audit Committee reviewed and approved the fund utilization statement.