Subsidiary Sancode Semi allots 4L shares via rights issue; parent stake stays 100%
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sancode Technologies wholly-owned subsidiary Sancode Semi Pvt Ltd allotted 4,00,000 equity shares of Rs 10 face value (total Rs 40 lakh) via rights issue. Post allotment, Sancode Technologies continues to hold 100 percent in the subsidiary. Sancode Semi, incorporated in September 2025, operates in semiconductor manufacturing, design, fabrication, packaging, testing and OSAT/ATMP services. Revenue so far is nil. The investment is a related party transaction, as two directors of the parent sit on the subsidiary board, and is done at arm's length.
Rs 40 lakh capital infusion into semiconductor subsidiary; ownership unchanged. New subsidiary has nil revenue and was just incorporated, so execution risk applies.