Sancode Technologies Approves Allotment of 23.25 Lakh Warrants

Sancode Technologies Ltd announced the outcome of its Board Meeting held on July 16, 2026. The board approved the preferential allotment of 23,25,582 convertible warrants at an issue price of ₹172 each. These warrants are convertible into an equal number of equity shares of face value ₹10 each. The allotment is to promoters and non-promoters upon receipt of minimum subscription amount. The total cash consideration for the warrants is ₹40,00,00,104, with ₹10,40,74,669 received against the allotment, exceeding 26% of the total consideration. The warrants can be converted into equity shares within 18 months from the allotment date.