Regulatory1 Jul 2026, 10:10 pm
Sancode Technologies Receives In-Principle Approval for Preferential Issue
AI Summary
Sancode Technologies Ltd has received in-principle approval from BSE Limited for a preferential issue of 23,25,582 convertible warrants, convertible into an equal number of equity shares at a price not less than ₹172 per share. The approval is for issuance to promoters and non-promoters. The company has been advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to ensure compliance with SEBI ICDR Regulations. The exchange reserves the right to withdraw approval if information is found to be false or misleading.
Key Highlights
- BSE grants in-principle approval for preferential issue of warrants.
- Issue involves 23,25,582 warrants convertible to equity shares.
- Issue price set at a minimum of ₹172 per share.
- Company advised to strengthen internal controls and ensure compliance.
- Allottees to provide undertakings against intra-day trading.
Price Impact
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