Sancode Technologies Ltd — Board Meeting, 24-07-2025: Board Meeting

Sancode Technologies' board has approved significant capital restructuring. The authorized share capital will increase from Rs. 4.50 Cr to Rs. 6.50 Cr, facilitated by creating an additional Rs. 2.00 Cr in equity shares. This move prepares the company for future expansion. Additionally, the board approved a preferential issue of 1,111,111 convertible share warrants at Rs. 54 each, aiming to raise approximately Rs. 6.00 Cr from promoters and non-promoters. These strategic capital-raising initiatives, crucial for funding the company's growth plans, are subject to shareholder approval at an upcoming Extra Ordinary General Meeting.