Sancode Technologies Limited has made a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding securities allotment by its subsidiary company, Sancode Semi Private Limited.

Transaction Details

Sancode Semi has allotted 31,467 CCPS through preferential allotment, raising a total of ₹107 crores. Sancode Technologies Limited has invested ₹43 crore (approximately) to acquire 12,647 CCPS, representing 2.86% of Sancode Semi's total shareholding.

Ownership Impact

Post this allotment, Sancode Technologies Limited's shareholding in Sancode Semi will stand at 95.74% on a fully diluted basis.

Subsidiary Company Details

Name: Sancode Semi Private Limited

Industry: Semiconductor manufacturing, including designing, fabrication, packaging, testing, and OSAT/ATMP services

Incorporation Date: 22nd September, 2025

Authorized Capital: ₹1,10,00,000 divided into:

  • 10,00,000 equity shares of ₹10 each (₹1,00,00,000)
  • 1,00,000 preference shares of ₹10 each (₹10,00,000)

Paid-up Share Capital (Post-allotment): ₹41,00,000 divided into 4,10,000 equity shares of ₹10 each, plus 31,467 Compulsorily Convertible Preference Shares of face value ₹10 each.

Financial Performance:

  • FY 2025-26: Nil turnover
  • FY 2024-25: Not applicable (company incorporated in September 2025)
  • FY 2023-24: Not applicable

Transaction Classification

The strategic investment in Sancode Semi constitutes a Related Party Transaction as Mr. Mihir Deepak Vora (Managing Director) and Mr. Amit Vijay Jain (Director) of Sancode Technologies Limited also serve as directors of Sancode Semi Private Limited. The company states that the transaction was conducted on an arm's length basis.

Purpose and Business Impact

The investment is made for the development of an OSAT (Outsourced Semiconductor Assembly and Test) project approved by the Government of Odisha. The funds will be utilized for purchase of land, technology & know-how, plant & machinery, and other project-related requirements. Sancode Semi aims to expand the company's presence in the semiconductor industry for both domestic and international markets.

Additional Information

Consideration Type: Cash

Timeframe for Completion: Not applicable (transaction already completed)

Geographic Presence: India