Sancode Technologies Ltd disclosed a preferential allotment of equity shares and convertible warrants to its promoter group, increasing their holding in the company. The allotment comprised 4,44,444 equity shares and 8,35,195 convertible warrants, as per the filing submitted to BSE Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed on May 16, 2026, for shares and July 16, 2026, for warrants. The filing confirms that the acquirers belong to the promoter and promoter group of the target company.

The equity share capital of Sancode Technologies Ltd before the acquisition stood at 40,68,867 shares of ₹10 face value each. Following the allotment of shares, the total equity share capital increased to 51,79,978 shares. The total diluted share capital, assuming full conversion of the outstanding warrants, stands at 75,05,560 equity shares. The warrants entitle the acquirer to receive shares carrying voting rights upon conversion. The authorized signatory for the disclosure was Khushboo Jain.

Acquisition Details

The disclosure provides a breakdown of the holding before and after the acquisition. The promoter group, including Khushboo Jain, Aneka LLC, ZNL Startup Accelerator LLP, and Persons Acting in Concert (PAC) Amit Vijay Jain and Mihir Deepak Vora, acquired the securities. The acquisition details are as follows:

Acquirer Information

The acquirers include Khushboo Jain, Aneka LLC, ZNL Startup Accelerator LLP, Amit Vijay Jain, and Mihir Deepak Vora. The Permanent Account Numbers (PAN) for the acquirers are AHJPJ1176G, ABFCA0619N, AACFZ2340Q, ADZPJ9252H, and AHVPV1399M respectively. The disclosure was submitted to the Department of Corporate Services at BSE Limited on July 20, 2026.

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:

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.