Board Meeting16 May 2026, 04:30 pm
Sancode Tech Allots 11,11,111 Equity Shares at ₹54/Share
AI Summary
Sancode Technologies Ltd's board allotted 11,11,111 equity shares at ₹54 per share (including a premium of ₹44) following the conversion of warrants. The allotment was made to ZNL STARTUP ACCELERATOR LLP (4,44,444 shares) and NORTH STAR OPPORTUNITIES FUND VCC-LIGHTHOUSE CAPITAL INCORPORATED VCC SUB- FUND (6,66,667 shares), raising a total of ₹5,99,99,994. These shares will rank equally with existing shares and be listed on BSE Ltd. The board meeting concluded on May 16, 2026, at 02:25 P.M. (IST).
Key Highlights
- Sancode Tech allots 11,11,111 equity shares at ₹54 per share.
- ₹5,99,99,994 raised through warrant conversion.
- ZNL STARTUP ACCELERATOR LLP and NORTH STAR OPPORTUNITIES FUND are the allottees.
- Shares to rank pari-passu with existing equity shares and listed on BSE.
Price Impact
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