Sancode Technologies Ltd

Sancode Technologies Ltd, through its subsidiary Sancode Semi Private Limited, has entered into an agreement to acquire 100% of the share capital of Cirtek Electronics Corporation (CEC), a Philippines-based semiconductor company. The acquisition, valued at ₹239.60 Crore, is subject to condition precedents and applicable approvals. CEC reported a turnover of USD 26.62 million in FY2025. This strategic move aims to enhance Sancode's access to technology, intellectual property, and proprietary know-how in its Semiconductor OSAT operations. The transaction is not a related party transaction and is expected to be completed within 730 days from the Appointed Date.

Sancode Technologies Ltd announced the appointment of Mr. Jerry A. Agnes as the Chief Executive Officer of its subsidiary, Sancode SEMI Private Limited. Mr. Agnes, with over 35 years of global semiconductor industry experience, will spearhead the establishment and operationalization of Sancode Semi's greenfield Outsourced Semiconductor Assembly and Test (OSAT) facility in Bhubaneswar, Odisha. This strategic appointment is crucial for the development of the OSAT facility, which includes facility design, equipment selection, process qualification, and ramp-up to commercial production. Mr. Agnes's prior experience includes founding CG Semi Private Limited and leading significant operations at Amkor Technology Philippines Inc.

North Star Opportunities Fund VCC has acquired a 8.94% stake in Sancode Technologies Limited through the conversion of warrants into equity shares via a preferential issue. This transaction, valued at 6,66,667 equity shares, was conducted through the Foreign Direct Investment (FDI) route. Following the acquisition, the fund's holding in Sancode Technologies increased to 8.94% of the total share capital and 8.88% of the total diluted share capital. The total equity shares of Sancode Technologies post-acquisition stand at 74,55,560, with a diluted share capital of 75,05,560.

Sancode Technologies Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be shut from Thursday, October 01, 2026, and will reopen 48 hours after the communication of the financial results for the half-year ended September 30, 2026, to the stock exchange. The date of the board meeting to consider these financial results will be communicated separately. This disclosure is made as per SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Sancode Technologies Ltd has submitted its Annual Report for the financial year 2025-26, in compliance with SEBI regulations. The report includes the Notice for the 10th Annual General Meeting (AGM) scheduled for September 30, 2026. The AGM will be held physically at their Mumbai office, with remote e-voting available from September 27 to September 29, 2026, for shareholders of record as of September 23, 2026. The Annual Report, detailing corporate information, financial statements, and management discussions, is also accessible on the company's and BSE's websites.

Sancode Technologies Ltd has announced the schedule for its 10th Annual General Meeting (AGM) to be held on September 30, 2026. The meeting will take place at 3:00 PM IST at their registered office in Mumbai. The company is also submitting its Annual Report for the financial year 2025-26. Shareholders can participate through remote e-voting, which will be open from September 27, 2026, to September 29, 2026. The cut-off date for determining voting eligibility is September 23, 2026. The Annual Report is available on the company's website and the BSE India website.

Sancode Technologies Ltd announced that its Board of Directors, in a meeting held on September 7, 2026, has decided to defer and withdraw proposed re-appointment resolutions for the Managing Director and Independent Directors. This decision is to ensure strict alignment with statutory timelines and corporate governance guidelines regarding re-appointments prior to term expiration. The re-appointment process will be initiated closer to the completion of their current tenures. The 10th Annual General Meeting is scheduled for September 30, 2026, and the notice has been updated accordingly. Other business decisions from the previous board meeting on September 4, 2026, remain unaffected.

Sancode Technologies Ltd announced outcomes from its board meeting held on September 4, 2026. Key decisions included the re-appointment of Mr. Mihir Deepak Vora as Managing Director and Mr. Kush Gupta, Ms. Ayushi Mishra, and Mr. Sumesh Ashok Mishra as Non-Executive Independent Directors, all for a period of 5 years, subject to shareholder approval. The board also approved the Director's report for FY26, remuneration exceeding managerial limits, and a material related party transaction with Sancode Electronics Private Limited. The 10th Annual General Meeting is scheduled for September 30, 2026, with September 23, 2026, set as the cut-off date for voting eligibility.

Sancode Technologies Ltd announced that its subsidiary, Sancode Semi Private Limited, has successfully raised ₹107 crores through the preferential allotment of 31,467 Compulsorily Convertible Preference Shares (CCPS). Sancode Technologies will hold 95.74% of the subsidiary on a fully diluted basis post-allotment. The funds raised are intended for the development of an OSAT Project, including land acquisition, technology, plant, and machinery. The transaction is considered a related party transaction as key directors of Sancode Technologies are also directors in the subsidiary, but it is conducted on an arm's length basis.

Trinity Gate LLC has disclosed a substantial acquisition of shares in Sancode Technologies Limited, increasing its holding to 19.99% of the total diluted share capital. This acquisition was executed through the allotment of 14,90,387 equity shares upon the conversion of warrants via a preferential issue. The transaction took place on July 24, 2026. Prior to this, Trinity Gate LLC held no shares. The total equity share capital of Sancode Technologies has increased from 51,79,978 to 74,55,560 shares post-acquisition, with the diluted share capital standing at 75,05,560 shares.