Sancode Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2025 ,inter alia, to consider and approve the fund raising for Preferential ....
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Sancode Technologies Ltd has scheduled a Board meeting on 24th July 2025. Key agenda includes increasing the Authorised Capital of the Company and raising funds through a Preferential Allotment of Equity Shares, convertible warrants, or other instruments for cash or non-cash consideration. The Board will also fix the date for an Extra Ordinary General Meeting (EOGM) to seek shareholder approval for the preferential issue. The company is listed on the BSE SME Platform. Trading window for insiders is closed till 48 hours after the Board meeting concludes.
If approved, the preferential allotment will dilute existing shareholders and bring in fresh capital, though the pricing, size, and identity of allottees are not yet disclosed. Shareholders should watch for the EOGM outcome and pricing details, which will determine whether the issue is dilutive and at what cost to existing holders.