Announcement under Regulation 30 of SEBI (LODR) Regulations Newspaper Publication.
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Sancode Technologies has published a corrigendum (amendment) to its earlier EGM notice through English and vernacular newspapers, as required under SEBI LODR regulations. The original EGM was held on August 19, 2025. The corrigendum adds detailed disclosures for Item No. 2, which pertains to raising about Rs. 6 crore through the issue of convertible warrants on a preferential allotment basis. Of this, Rs. 4.56 crore is earmarked for expanding into new-age technologies such as semiconductor (OSAT) and AI/ML/Data Science/Cloud computing, while Rs. 1.44 crore is for general corporate purposes, with utilization planned by March 31, 2027. The company has already incorporated a wholly-owned subsidiary 'Sancode Semi Pvt Ltd' as a project SPV, engaged KPMG (BBSR & Associates) for DPR preparation for India Semiconductor Mission, signed an MOU with Malaysia-based Silicon Connect SDN BHD for technical collaboration, and applied under the Odisha semiconductor policy.
This is a procedural disclosure of an EGM corrigendum, but the underlying business detail is significant — the small-cap company is pivoting into semiconductor (OSAT) and AI/ML businesses with a ~Rs. 6 crore fundraise. Shareholders should note execution risks as the project depends on government approvals and JV partner commitments, though successful execution could materially change the company's business profile.