Please Find Attached Scrutinizer Report of Extra Ordinary General Meeting dated 25th March 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sancode Technologies Ltd held an Extra-ordinary General Meeting (EGM) on March 25, 2026, where all 5 resolutions were passed with 100% votes in favour and zero votes against. The resolutions included an increase in authorized share capital, issuance of up to 23,25,582 convertible warrants on a preferential basis to promoters and non-promoters, approval of material related party transactions with Sancode Semi Private Limited, and authorisations under Sections 185 and 186 of the Companies Act, 2013 for loans, guarantees, securities, and investments. Total shares outstanding stand at 40,68,867 across 216 shareholders, but only 12 members cast valid votes. Promoter votes were declared invalid on resolutions 2 and 3 due to their direct interest, meaning public shareholders single-handedly approved those items.
The approval to issue up to 23,25,582 convertible warrants on a preferential basis signals potential equity dilution for existing shareholders, and the material related party transaction with Sancode Semi Private Limited warrants close monitoring. With very thin public shareholder participation and promoters holding 29,52,521 of the 40,68,867 total shares (~72.5%), retail investors have limited influence over outcomes.