Sancode Technologies Limited , a company listed on the BSE SME Platform, has announced significant changes to its share capital structure and plans for a preferential issue of convertible warrants. The company's board of directors approved these proposals in a meeting held on July 24, 2025.

Authorized Share Capital Increase

The board has given the green light to increase the company's authorized share capital from Rs. 4.50 crore to Rs. 6.50 crore. This will be achieved by adding 20 lakh new equity shares with a face value of Rs. 10 each. The revised structure will consist of:

• 64,00,000 Equity Shares of Rs. 10 each, totaling Rs. 6.40 crore
• 1,00,000 Compulsorily Convertible Preference Shares of Rs. 10 each, totaling Rs. 0.10 crore

Convertible Warrant Issue

In addition to the share capital increase, Sancode Technologies has approved the issuance of 11,11,111 convertible share warrants on a preferential basis. The warrants will be priced at Rs. 54 per warrant, which includes a premium of Rs. 44. This move is expected to raise a total of Rs. 6.00 crore for the company.

The warrants will be allocated as follows:

Key Details of the Warrant Issue

• Each warrant is convertible into one equity share within 18 months from the date of allotment.
• Investors are required to pay 25% of the warrant price upfront at the time of application.
• The remaining 75% is due upon conversion of the warrants into equity shares.
• The conversion can be exercised in one or more tranches within the stipulated period.
• If not exercised within 18 months, the warrants will lapse.

Shareholder Approval and EGM

These proposals are subject to shareholder approval, which will be sought at an Extraordinary General Meeting (EGM) scheduled for August 19, 2025, at 1:00 PM. The meeting will be held at the company's registered office.

Additional Board Decisions

The board has also appointed Dilip Swarnkar & Associates as the scrutinizer for overseeing the voting process and issuing the Scrutinizer Report to the company.

The board meeting, which took place on July 24, 2025, commenced at 7:15 PM IST and concluded at 8:00 PM IST.

These strategic moves by Sancode Technologies are aimed at strengthening the company's capital structure and potentially funding future growth initiatives. Shareholders and investors will be keenly watching the outcome of the upcoming EGM and the subsequent implementation of these proposals.

Sancode Technologies Limited has announced a crucial board meeting scheduled for July 24, 2025, to deliberate on significant financial matters that could shape the company's future growth trajectory.

Key Agenda Items

The board of directors will convene to discuss and potentially approve several important initiatives:

1. Increase in Authorized Capital: The meeting will consider expanding the company's authorized capital, which could pave the way for future growth and financial flexibility.

2. Fund Raising Proposal: Directors will evaluate options for raising funds through various means, including:

   • Issuance of equity shares
   • Convertible warrants
   • Other financial instruments

These fund-raising efforts may be executed through preferential allotment, subject to shareholder approval and compliance with applicable laws.

Extraordinary General Meeting

The board is also set to determine the date, time, and location for an Extraordinary General Meeting (EOGM). This meeting will seek shareholder approval for the proposed preferential issue and other agenda items discussed during the board meeting.

Trading Window Closure

In line with regulatory requirements and the company's commitment to preventing insider trading, Sancode Technologies has implemented a trading window closure. This restriction applies to all connected persons, officers, designated employees, insiders, directors, and their immediate relatives. The trading window will remain closed until 48 hours after the conclusion of the board meeting on July 24, 2025.

Company Background

Sancode Technologies Limited, with its registered office in Mumbai, operates under CIN U74900MH2016PLC280315.

This strategic move by Sancode Technologies to explore capital increase and fund-raising options could potentially strengthen its financial position and support future growth initiatives. Shareholders and market observers will be keenly watching the outcomes of this important board meeting and the subsequent extraordinary general meeting.