Key Quantitative Figures

  • Number of convertible warrants: 23,25,582
  • Conversion ratio: 1 warrant into 1 equity share
  • Total potential equity shares: 23,25,582
  • Face value per share: ₹10
  • Issue price per warrant: Not less than ₹172
  • Total issue size: Approximately ₹40 crore (23,25,582 warrants × ₹172)

Parties Involved

  • Issuing Company: Sancode Technologies Limited (CIN: L74900MH2016PLC280315)
  • Stock Exchange: BSE Limited (BSE SME Platform)
  • Approving officers: Janardhan Wagle (Deputy Vice President) and Dhananjay Apte (Deputy Manager)
  • Company signatory: Mihir Deepak Vora (Managing Director, DIN: 08602271)
  • Allottees: Promoter and non-promoter investors

Compliance Requirements

  • Issue and allotment must comply with all applicable laws and regulations
  • Company must strengthen internal controls to monitor trades by proposed allottees
  • Must obtain undertaking from allottees confirming they will not do intra-day trading or any sale in the company scrip until allotment date
  • Responsibility solely on issuer company to verify compliance with Regulation 167(6) of SEBI ICDR regulations
  • Listing application must be submitted within twenty days from date of allotment
  • Must pay applicable listing fees and complete post-issue formalities

Conditions and Reservations

  • In-principle approval does not constitute approval for listing of securities
  • BSE reserves right to withdraw approval if information is found incomplete, incorrect, misleading, false, or contravenes any regulations
  • Any non-compliances observed post-undertaking may impact listing of such shares