Sancode Technologies Acquires Remaining Stake in Sancode Semi Private Limited
Sancode Technologies Ltd. announced on March 25, 2026, that it has acquired the remaining 1 Equity Share, representing 0.01% stake, in Sancode Semi Private Limited. This acquisition makes Sancode Semi Private Limited a wholly owned subsidiary of Sancode Technologies Limited, effective March 25, 2026.The Board of Directors approved the acquisition during a meeting held on March 25, 2026, which commenced at 4:30 PM and concluded at 5:00 PM.
Sancode Semi Private Limited's authorized capital is Rs. 10,00,000, divided into 1,00,000 Equity Shares of a face value of Rs. 10 each. The company is involved in the manufacturing, designing, developing, assembling, importing, exporting, buying, selling, and otherwise dealing in semiconductors, integrated circuits, microchips, electronic components, and related hardware, alongside research and development activities. As a newly incorporated company, it has not yet recorded any turnover.
The acquisition was made on an arm’s length basis for a cash consideration of Rs. 10 for 1 Equity Share. This transaction qualifies as a related party transaction due to the involvement of Mr. Mihir Deepak Vora, Managing Director of Sancode Technologies Limited and Director in Sancode Semi Private Limited.
Sancode Semi Private Limited is registered under the Companies Act, 2013 and no further governmental or regulatory approvals were required for the transaction.
Table: Details of the Acquisition
| Particulars | Details |
|---|---|
| Name of the target entity | Sancode Semi Private Limited |
| Authorised Capital | Rs. 10,00,000 divided into 1,00,000 Equity Shares of Face Value of Rs. 10/- each |
| Turnover | Not applicable (Newly Incorporated Company) |
| Related Party Transaction | Yes, acquisition by Sancode Technologies Limited |
| Industry | Manufacturing, designing, developing, assembling, importing, exporting, buying, selling, and otherwise dealing in semiconductors, integrated circuits, microchips, electronic components and other related hardware |
| Acquisition Objective | Strategic investment to venture into new avenues and deploy business growth in the semiconductor and microchip business |
| Governmental/Regulatory Approvals | Not required |
| Completion Date | March 25, 2026 |
| Consideration | Cash |
| Cost of Acquisition | Rs. 10 |
| Shares Acquired | 1 Equity Share |
| Shareholding Acquired | 100% |
| Presence | India |
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