Subsidiary Sancode Semi appoints Jerry A. Agnes as CEO

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹883.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.1% vs market

IT Enabled Services peers, median of 80sector-0.7%+2.7% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.7 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Sancode Technologies' subsidiary Sancode Semi Private Limited has appointed Mr. Jerry A. Agnes as CEO, effective October 15, 2026. He will lead the setup of a greenfield Outsourced Semiconductor Assembly and Test (OSAT) facility at Info Valley II, Bhubaneswar, Odisha, on 20 acres allotted by IDCO. Mr. Agnes has over 35 years of semiconductor experience, was the founding CEO of CG Semi, and earlier led Amkor Technology Philippines with annual revenue exceeding USD 700 million and over 10,000 employees.

Likely market impact

Strong external hire for the OSAT venture. Experienced leader may boost project execution and long-term semiconductor growth prospects.