Sancode Semi gets 20 acres in Odisha for OSAT facility

Sancode Technologies Limited’s wholly-owned subsidiary, Sancode Semi Private Limited , has secured approval from the Odisha Industrial Infrastructure Development Corporation (IDCO) for the allotment of 20 acres of industrial land. This land is situated at Infovalley - II in District Khurda, Odisha, and is designated for the establishment of a proposed Semiconductor OSAT (Outsourced Semiconductor Assembly and Test) manufacturing facility. The development represents a significant milestone in the implementation of the company’s semiconductor manufacturing project in the state.

The approval was communicated via a letter from IDCO, confirming the allocation necessary for the company's expansion into semiconductor assembly and testing operations. This facility is intended to bolster the company's manufacturing capabilities within the sector.

Project Details

The following table outlines the key details of the land allotment:

Particular	Details
Allotting Authority	Odisha Industrial Infrastructure Development Corporation (IDCO)
Subsidiary Name	Sancode Semi Private Limited
Land Area	20 acres
Location	Infovalley - II, District Khurda, Odisha
Purpose	Semiconductor OSAT Manufacturing Facility

The disclosure was made to the BSE SME Platform on July 09, 2026, under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. Sancode Technologies Limited has stated that it will inform the stock exchanges of any further material developments regarding this project.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+8.21%	+48.47%	+186.37%	+548.16%	+472.04%

Sancode Technologies has participated in a rights issue for its fully owned subsidiary, Sancode Semi, allotting 4 lakh equity shares in the process. The transaction underscores the company's ongoing commitment to supporting its subsidiary through structured capital infusion.

Key Transaction Details

The following table summarises the key parameters of the rights issue participation:

Parameter:	Details
Transaction Type:	Rights Issue Participation
Subsidiary:	Sancode Semi
Relationship:	Fully Owned Subsidiary
Equity Shares Allotted:	4 lakh

Corporate Action Overview

The allotment of 4 lakh equity shares to Sancode Semi represents Sancode Technologies' direct participation in the rights issue of its fully owned subsidiary. Rights issues by subsidiaries typically serve as a mechanism for parent companies to infuse capital while maintaining their ownership stake. The transaction reflects a structured approach to subsidiary financing within the Sancode Technologies group.