Sanchay Finvest auditor flags unpaid dividends and NSE penalties
The company reported a net loss for FY26 as its auditor issued a qualified opinion, citing unpaid preference dividends and a ₹47.88 lakh NSE demand.
— 2 earlier stories on Sanchay Finvest Ltd. →What's new
- Auditor issued a qualified opinion on FY26 results.
- Company faces a ₹47.88 lakh demand from the NSE for penalties and interest.
- Secretarial auditor Ramesh Chandra Mishra resigned effective May 28, 2026.
Why this matters
A qualified opinion is a red flag for any lender or investor. When the auditor explicitly questions reconciliation processes and flags unpaid dividends, it signals a breakdown in basic financial oversight.
What we're watching
- Whether the company settles the ₹47.88 lakh NSE demand.
- Evidence of progress on clearing preference share dividend arrears.
- The impact of the secretarial auditor change on future compliance filings.
The full read
Sanchay Finvest ended the financial year on March 31, 2026, with a net loss. The company's statutory auditor issued a qualified opinion, citing significant governance and compliance failures.
It is a mess.
Beyond the losses, the auditor flagged unpaid preference share dividends and a ₹47.88 lakh demand from the National Stock Exchange for penalties and interest. The report also identified internal weaknesses in the reconciliation of deposits and advances, while the company simultaneously saw the resignation of secretarial auditor Ramesh Chandra Mishra, effective May 28, 2026. The board has since appointed M/s SKBJ P & Co as the new internal auditor. The combination of a qualified audit, mounting regulatory penalties, and turnover in the audit function points to a company struggling with basic financial hygiene. The open question is how the board intends to address these reconciliation gaps and settle the outstanding NSE demand.
Questions answered
- Why did the auditor issue a qualified opinion?
- The auditor flagged three specific issues: non-compliance regarding unpaid preference share dividends, a ₹47.88 lakh penalty demand from the NSE, and internal weaknesses in reconciling deposits and advances.
- What is the status of the NSE demand?
- The NSE has issued a demand for ₹47.88 lakh in penalties and interest. The company has not yet disclosed a resolution for this liability.
- Who is the new internal auditor?
- The board appointed M/s SKBJ P & Co as the internal auditor for the current year.
- What happened with the secretarial auditor?
- Ramesh Chandra Mishra resigned from the role citing other commitments, with his departure effective May 28, 2026.
Story so far
All notes on SANCF →- 29 May 2026 · 11:32 AM IST Sanchay Finvest auditor flags unpaid dividends and NSE penalties
- 1d ago Sanchay Finvest auditor flags unpaid dividends and NSE penalties
- 1d ago Sanchay Finvest auditor flags missed payments and internal control gaps