Sancode Technologies Limited has filed a regulatory disclosure under Regulation 30 of SEBI (LODR), 2015 regarding the allotment of securities by its wholly-owned subsidiary, Sancode Semi Private Limited.

The disclosure informs that Sancode Semi Private Limited has allotted 4,00,000 equity shares through a rights issue, constituting 100% of the total shareholding. Post this allotment, Sancode Technologies Limited continues to hold 100% of the total shareholding in Sancode Semi Private Limited.

Subsidiary Company Details

  • Name: Sancode Semi Private Limited ("Sancode Semi")
  • Authorised Capital: ₹1,00,00,000 divided into 10,00,000 equity shares of ₹10 each
  • Paid-up Share Capital (Pre-allotment): ₹1,00,000 divided into 10,000 equity shares of ₹10 each
  • Paid-up Share Capital (Post-allotment): ₹41,00,000 divided into 4,10,000 equity shares
  • Incorporation Date: September 2025
  • Size/Turnover: Newly incorporated company (September 2025) with no revenue history
  • FY 2025-26: Nil revenue
  • FY 2024-25: Not applicable (company not incorporated)
  • FY 2023-24: Not applicable (company not incorporated)

Related Party Transaction

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

Business Operations

Sancode Semi Private Limited is engaged in the semiconductor business, including:

  • Manufacturing, designing, developing, assembling, importing, exporting, buying, selling semiconductors, integrated circuits, microchips, and electronic components
  • Establishing and operating semiconductor manufacturing, wafer fabrication, packaging, and testing facilities
  • Providing Outsourced Semiconductor Assembly and Test (OSAT) and Assembly, Testing, Marking and Packaging (ATMP) services
  • Undertaking research and development activities in the semiconductor sector in India and abroad

Transaction Details

  • Consideration Type: Cash consideration
  • Shares Acquired: 4,00,000 fully paid-up equity shares of face value ₹10 each
  • Total Investment Amount: ₹40,00,000
  • Shareholding Percentage: 100% both pre and post-allotment
  • Government Approvals: Not applicable
  • Completion Timeframe: Not applicable

Strategic Rationale

The investment allows Sancode Technologies Limited to venture into new growth avenues in the semiconductor sector, which aligns with the company's main line of business. The subsidiary aims to expand and strengthen the company's presence in the semiconductor industry by engaging in manufacturing, design, fabrication, packaging, testing, and OSAT/ATMP services for domestic and international markets.