Sancode Technologies Ltd Announces Allotment of Convertible Warrants on Preferential Basis
Sancode Technologies Ltd has approved the allotment of convertible warrants on a preferential basis during a Board meeting held on July 16, 2026. The issuance involves a total of 23,25,582 convertible warrants at an issue price of Rs. 172 each.The warrants are convertible into 23,25,582 equity shares, each with a face value of Rs. 10. This conversion follows a 1:1 ratio, where each warrant can be converted into one equity share. Investors may exercise this conversion at any time within a period of 18 months from the date of allotment. If the conversion is not exercised within this stipulated timeframe, the warrants will lapse.
The company has received a consideration amount of Rs. 10,40,74,669 against the allotment of these warrants. This amount represents more than 26% of the total cash consideration of Rs. 40,00,00,104 for the securities issue.
The allocation of warrants across the three investors is detailed below:
| Name of the Allottee | No. of Warrants Allotted |
|---|---|
| Khushboo Jain | 4,65,000 |
| Aneka LLC | 3,70,195 |
| Trinity Gate LLC | 14,90,387 |
| Total | 23,25,582 |
The issuance was structured as a preferential issue under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Board confirmed that the issue price of Rs. 172 is not lower than the floor price determined in accordance with applicable regulations.
The following table outlines the pre-issue and post-issue shareholding structure, assuming full conversion of the warrants:
| Name of Proposed Allottees | Category | Pre-Issue Shares | Pre-Issue % | No. of Warrants Allotted | Post-Issue Shares (Full Conversion) | Post-Issue % |
|---|---|---|---|---|---|---|
| Khushboo Jain | Promoter | 11,83,000 | 29.07 | 4,65,000 | 16,48,000 | 21.96 |
| Aneka LLC | Promoter | 0 | 0.00 | 3,70,195 | 3,70,195 | 4.93 |
| Trinity Gate LLC | Non-Promoter | 0 | 0.00 | 14,90,387 | 14,90,387 | 19.86 |
| Total | Total | Total | Total | 23,25,582 | 23,25,582 | Total |
Stock Price Movement
Sancode Technologies Ltd shares settled higher at ₹383.85 on Friday, gaining 1.99%. The stock traded completely flat throughout the day, remaining locked at ₹383.85.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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