Sancode Technologies Approves Share Capital Increase and Convertible Warrant Issue
Sancode Technologies Limited's board approved an increase in authorized share capital from Rs. 4.50 crore to Rs. 6.50 crore, adding 20 lakh new equity shares. The company also plans to issue 11,11,111 convertible warrants at Rs. 54 each, raising Rs. 6.00 crore. The warrants will be allocated to ZNL Startup Accelerator LLP (promoter) and North Star Opportunities Fund VCC (non-promoter). Each warrant is convertible into one equity share within 18 months. These proposals require shareholder approval at an EGM scheduled for August 19, 2025.
21Jul 25
Sancode Technologies to Discuss Capital Increase and Fund Raising in Upcoming Board Meeting
Sancode Technologies Limited has scheduled a board meeting for July 24, 2025, to discuss increasing authorized capital and exploring fund-raising options through equity shares, convertible warrants, or other instruments. The board will also set a date for an Extraordinary General Meeting to seek shareholder approval for these proposals. A trading window closure has been implemented for connected persons until 48 hours after the board meeting concludes.