Please find attached Scrutinizer Report for Corrigendum of EGM Notice dated 19th November 2025
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Sancode Technologies has disclosed the voting results for a corrigendum to its EGM notice, where shareholders approved a Special Resolution to issue 11,11,111 convertible warrants on a preferential basis for cash consideration. The e-voting took place from November 20-21, 2025, with a cut-off date of November 14, 2025 and 231 shareholders on record. Only 7 public non-institutional shareholders participated, casting 1,28,108 votes in favor and zero against, with the resolution passing unanimously. Notably, promoter group shareholders (holding 29,52,521 shares) did not cast any votes, and only 3.15% of total outstanding shares were polled. The stock exchange had sought additional clarifications on the preferential issue, which were addressed in the corrigendum.
The warrant issuance has been formally approved, potentially leading to equity dilution once warrants are converted. Low voter participation (only public shareholders voting) and promoter abstention may raise governance questions, though the resolution cleared with 100% of votes cast in favor.