Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015 regarding In Principal Approval Received From the State Government of Odisha for establishment of OSAT Unit.
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Sancode Technologies' subsidiary, Sancode Semi Private Limited, has received in-principle approval from the High-Level Clearance Authority (HLCA) of the Odisha State Government to set up an OSAT (Outsourced Semiconductor Assembly and Test) unit in Khordha district, Odisha. The project involves a total capital expenditure of approximately ₹1,650 crore, to be spread over the implementation period. The approval is conditional on meeting standard compliance requirements and obtaining other statutory and regulatory clearances. This marks a major strategic move into the semiconductor manufacturing ecosystem, supported by Odisha's push to build domestic semiconductor infrastructure.
This is a large, transformative capex announcement that positions Sancode in the high-growth semiconductor space, but it also means significant funding needs ahead via equity dilution or debt. Near-term stock reaction may be positive on the semiconductor theme, though execution and approval risks remain until final clearances and ground-breaking occur.