Board Meeting17 Jul 2026, 04:11 pm
Sancode Technologies Approves 23.25 Lakh Convertible Warrants
AI Summary
Sancode Technologies Ltd announced the approval of the allotment of 23,25,582 convertible warrants on a preferential basis. The issue price for each warrant is ₹172, convertible into one equity share. The total cash consideration for the issuance is ₹40,00,00,104, with an initial receipt of ₹10,40,74,669. The warrants can be converted into equity shares within 18 months from the allotment date. The board meeting also addressed typographical corrections in a previous filing.
Key Highlights
- Board approved allotment of 23,25,582 convertible warrants.
- Issue price set at ₹172 per warrant.
- Warrants convertible into equity shares on a 1:1 basis.
- Total consideration ₹40,00,00,104; initial receipt ₹10,40,74,669.
- Conversion exercisable within 18 months of allotment.
Price Impact
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