Sancode Technologies Acquires Shares in Subsidiary Sancode Semi Enhancing Semiconductor Presence
Sancode Technologies Ltd has completed a significant investment in its wholly-owned subsidiary, Sancode Semi Private Limited. The transaction involves the acquisition of 4,00,000 fully paid up equity shares, with the company maintaining complete control over the entity post-acquisition.The investment is aimed at strengthening Sancode Technologies' presence within the semiconductor ecosystem and enhancing its manufacturing capabilities. This move aligns with the parent company's strategic expansion into high-technology electronic components and related services.
Sancode Semi Private Limited, established in September 2025, is focused on serving the domestic and international markets through sophisticated semiconductor operations. The subsidiary engages in design, manufacturing, development, assembling, importing, exporting, buying, selling, and dealing in integrated circuits, microchips, electronic components, and related products. It also provides specialized Outsourced Semiconductor Assembly and Test (OSAT) services and Assembly, Testing, Marking and Packaging (ATMP) services.
The acquisition details reflect a cash consideration transaction. Sancode Technologies acquired 4,00,000 equity shares, each with a face value of Rs. 10/-, aggregating to a total cost of Rs. 40,00,000/-. Following this investment, the Company holds 100% of the equity shareholding in Sancode Semi Pvt Ltd.
Key details regarding Sancode Semi Private Limited and the transaction are summarized below:
| Detail | Sancode Semi Private Limited |
|---|---|
| Incorporation Date | September 2025 |
| Business Profile | Semiconductor manufacturing, design, fabrication, packaging, testing, OSAT/ATMP services. |
| Authorized Capital | Rs. 1,00,00,000/- (divided into 10,00,000 equity shares of Rs. 10/- each) |
| Paid Up Share Capital (Post-Allotment) | Rs. 1,00,000/-(4,10,000 Equity Shares) |
The strategic investment is noted as a Related Party Transaction, with Mr. Mihir Deepak Vora, Managing Director of Sancode Technologies, and Mr. Amit Vijay Jain, Director of the Company, serving as directors of Sancode Semi Private Limited. The transaction was conducted on an arm's length basis.
Stock Price Movement
Sancode Technologies Ltd. settled at ₹315.10 on Wednesday, posting a gain of 1.99%. The stock traded completely flat throughout the session, with its high and low both being locked at ₹315.10.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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