Key Transaction Details

The Board of Directors of Sancode Technologies Limited, in its meeting held on Thursday, 16th July, 2026 (from 4:00 PM to 4:30 PM), approved the allotment of convertible share warrants on a preferential basis.

Approval Basis

  • Based on special resolution passed in the Extra Ordinary General Meeting on 25th March, 2026
  • Pursuant to sections 62 and 42 of the Companies Act, 2013
  • Following receipt of In-Principle approval letter from BSE Ltd dated 1st July, 2026

Warrant Allocation Details

  • Total Warrants Allotted: 23,25,582 (Twenty Three Lakh Twenty Five Thousand Five Hundred Eighty Two)
  • Issue Price per Warrant: ₹172
  • Total Issue Value: ₹40,00,00,104 (Forty Crore One Hundred Four Rupees)
  • Face Value per Warrant: ₹10
  • Number of Allottees: 3 investors

Allottee Breakdown

| Sr No | Name of Allottee | Category | Warrants Allotted |

| 1 | Khushboo Jain | Promoter | 4,65,000 |

| 2 | Aneka LLC | Non-Promoter | 3,70,195 |

| 3 | Trinity Gate LLC | Non-Promoter | 14,90,387 |

| Total | | | 23,25,582 |

Consideration Received

  • Amount Received: ₹10,40,74,669 (Ten Crore Forty Lakh Seventy Four Thousand Six Hundred Sixty Nine Rupees)
  • Percentage of Total Consideration: More than 26% of total consideration received
  • Remaining Amount Due: ₹29,59,25,435 (Twenty Nine Crore Fifty Nine Lakh Twenty Five Thousand Four Hundred Thirty Five Rupees)

Conversion Terms

  • Conversion Ratio: 1:1 (One Equity Share for One Warrant)
  • Conversion Period: 18 months from date of allotment (16th July, 2026)
  • Conversion Flexibility: Can be exercised in one or more tranches
  • Lapse Condition: Warrants shall lapse if not converted within stipulated period

Pricing Compliance

  • Issue price of ₹172 per warrant is not lower than the floor price determined in accordance with Regulation 164 of Chapter V of SEBI ICDR Regulations, 2018

Shareholding Impact (Post Full Conversion)

| Allottee | Pre-Issue Holding | Pre-Issue % | Warrants | Post-Conversion Shares | Post-Conversion % |

| Khushboo Jain | 11,83,000 | 29.07% | 4,65,000 | 16,48,000 | 21.96% |

| Aneka LLC | 0 | 0.00% | 3,70,195 | 3,70,195 | 4.93% |

| Trinity Gate LLC | 0 | 0.00% | 14,90,387 | 14,90,387 | 19.86% |

Financial Impact

The transaction involves potential equity dilution and cash inflow of ₹40 crore upon full conversion. The company has currently received ₹10.41 crore (26% of total consideration).