
Regulatory4 Aug 2026, 06:51 pm
Sanchay Finvest: No Deviation in Preferential Issue Funds Use
AI Summary
Sanchay Finvest Limited has informed the exchange that there has been no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended June 30, 2026. The company raised ₹4,85,00,000 via preferential issue on February 9, 2026. The funds were allocated for working capital requirements (₹3,85,00,000) and business development, including hiring staff, technology upgrades, and payments to exchanges (₹1,00,00,000). The Audit Committee reviewed and approved the statement confirming no deviation.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- ₹4.85 Cr raised via preferential issue on Feb 9, 2026.
- Funds allocated to working capital and business development.
- Audit Committee reviewed and approved the utilization statement.
Price Impact
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