Sancode Technologies Ltd — Important, 16-05-2026: Company Update

Sancode Technologies has allotted 11,11,111 new equity shares, each priced at Rs. 54, following the conversion of an equivalent number of warrants. This capital raise totals nearly Rs. 6 crore. Promoter ZNL Startup Accelerator LLP received 4,44,444 shares, amounting to Rs. 2.4 crore, while Non-Promoter North Star Opportunities Fund VCC received 6,66,667 shares, totaling Rs. 3.6 crore. This move increases the company's equity base and provides fresh capital, supporting operations and reflecting investor confidence.