Sancode Technologies Limited has announced a strategic move into the semiconductor industry by incorporating a new subsidiary, Sancode Semi Private Limited. The company disclosed this development in a regulatory filing under SEBI regulations.

Key Details of the New Subsidiary

• Name: Sancode Semi Private Limited
• Shareholding: Sancode Technologies holds 99.99% of the subsidiary's shares
• Authorized Capital: Rs. 10.00 lakh, divided into 1 lakh equity shares of Rs. 10.00 face value each
• Paid-up Share Capital: Rs. 1.00 lakh, comprising 10,000 equity shares
• Sancode Technologies' Investment: 9,999 equity shares for a total consideration of Rs. 99,990.00 in cash

Business Focus

The newly incorporated subsidiary will operate in the semiconductor industry, with a broad scope of activities including:

• Manufacturing, designing, and developing semiconductors
• Assembling, importing, and exporting integrated circuits and microchips
• Trading in electronic components
• Conducting research and development to enhance product quality and functionality

Strategic Implications

Mihir Deepak Vora, Managing Director of Sancode Technologies Limited, stated that this incorporation represents a strategic investment for the company. The move is aimed at:

1. Venturing into new avenues within the technology sector
2. Deploying business growth strategies in the semiconductor and microchip industry

Regulatory Compliance

The incorporation of Sancode Semi Private Limited has been carried out in compliance with the Companies Act, 2013. Sancode Technologies has made the necessary disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Impact

This strategic expansion into the semiconductor industry could potentially position Sancode Technologies to capitalize on the growing demand for electronic components and microchips. As a newly incorporated entity, the financial impact of Sancode Semi Private Limited on the parent company's performance remains to be seen in the coming quarters.

Investors and industry observers will likely watch closely how this new venture unfolds and contributes to Sancode Technologies' overall growth strategy in the technology sector.

Sancode Technologies Limited conducted an Extra Ordinary General Meeting (EGM) on August 19, 2025, addressing key corporate actions that could potentially impact the company's capital structure and future growth plans.

Meeting Details

The EGM was held at the company's registered office in Mumbai, commencing at 1:00 PM and concluding at 3:00 PM. Managing Director Mihir Deepak Vora chaired the meeting, which focused on two significant agenda items:

1. Increasing the authorized share capital of the company
2. Approving the issuance of 11,11,111 convertible warrants on a preferential basis for cash consideration

Voting Process

To ensure shareholder participation, Sancode Technologies provided remote e-voting facilities through Bigshare Services Private Limited. The e-voting period was open from August 16, 2025, at 9:00 AM to August 18, 2025, at 5:00 PM. Additionally, eligible shareholders who had not participated in e-voting were given the opportunity to cast their votes using ballot papers at the meeting venue.

Agenda Items

The EGM addressed two special business items:

1. Increase in Authorized Share Capital

The company proposed to increase its authorized share capital, which could potentially allow for future expansion and capital raising activities.

2. Issuance of Convertible Warrants

Shareholders were asked to consider and approve the issuance of 11,11,111 convertible warrants on a preferential basis for cash consideration. This move could provide the company with additional funds and potentially lead to an increase in equity capital upon conversion.

Next Steps

The results of the voting on these crucial agenda items will be announced through notifications to the stock exchange and will also be made available on the company's website. These outcomes could have significant implications for Sancode Technologies' financial structure and future strategic initiatives.

Investors and stakeholders are advised to keep an eye on the company's official communications for the detailed voting results and any subsequent corporate actions that may follow this EGM.

Sancode Technologies Limited continues to navigate its growth trajectory in the technology sector. The outcomes of this EGM may provide insights into the company's expansion plans and capital management strategies.