Please find attached disclosure for financial result of Company.
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Sancode Technologies has provided an update on its proposed preferential issue of ₹5.99 crores, which will primarily fund initial feasibility studies, consultant and legal fees, and technology partner identification for a planned semiconductor OSAT (chip testing and packaging) plant. The company has engaged KPMG (B B S R & Associates LLP) and Feedback Advisory Services to prepare a Detailed Project Report for submission to India Semiconductor Mission and the Government of Odisha. A wholly owned subsidiary, Sancode Semi Pvt Ltd, has been incorporated as the project SPV, and an MOU has been signed with Malaysia-based Silicon Connect SDN BHD for technical know-how, training, and potential JV partnership. The company also acknowledged risks including delays or denial of capital subsidy approval from the government, stating excess funds would be redirected toward AI, ML, data science, and cloud computing services if needed.
This is a forward-looking disclosure with no immediate financial impact; the small preferential issue size (₹5.99 cr) is directed at preliminary feasibility work rather than actual plant setup, so execution risk remains high and shareholders should watch for formal JV agreements, government approvals, and ISM 2.0 application progress as key milestones.