Revised outcome: Allotment of 23.25 lakh convertible warrants at Rs 172 each

Board & Shareholder Meetings View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.0%1-day move

₹383.85

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+2.0—+4.0+6.1+8.2—————

Up moveDown movePending

AI summary

Sancode Technologies board approved allotment of 23,25,582 convertible warrants at Rs 172 each on preferential basis, raising about Rs 40 crore. Company received Rs 10.41 crore (over 26 percent) as minimum subscription from 3 allottees. Allottees: Khushboo Jain (Promoter), Aneka LLC (Promoter), Trinity Gate LLC (Non-Promoter). Each warrant converts into 1 equity share within 18 months. Revised filing fixes typographical errors in earlier submission.

Likely market impact

Dilution risk: warrants may convert to equity within 18 months. Promoter Khushboo Jain stake drops from 29.07 percent to 21.96 percent post full conversion.