Sanchay Finvest Limited submitted a regulatory compliance filing pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there was no deviation or variation in the use of proceeds raised through a preferential issue for the quarter ended 30th June, 2026.
The funds were raised through a preferential issue on 09-02-2026, with a total amount of ₹4,85,00,000 (₹4.85 crore). The company does not employ a monitoring agency for these funds.
The utilization of funds followed the originally stated objects:
- ₹3,85,00,000 (₹3.85 crore) for working capital requirements of the Company
- ₹1,00,00,000 (₹1.00 crore) for general corporate purposes, including business development such as hiring or retaining staff, upgrading technology, and providing deposits/payments to BSE/NSE as part of broker obligations
The Audit Committee of the Company reviewed this statement and confirmed the absence of deviation or variation during their meeting on Tuesday, 04-08-2026. No auditor comments were provided as the field was marked NA.
The filing was signed by Naresh Kumar Nandlal Sharma, Managing Director (DIN: 00794218), on behalf of Sanchay Finvest Limited.