The Annual Report for the FY 2024-25 of the company.
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Sancode Technologies has filed its Annual Report for FY 2024-25 and the Notice for its 9th Annual General Meeting, scheduled for Monday, September 29, 2025 at 3:00 PM at the registered office in Andheri (East), Mumbai. On a consolidated basis, revenue from operations jumped sharply to Rs. 1,381.01 lakhs from Rs. 475.78 lakhs in the previous year, while profit after tax swung from a loss of Rs. 175.18 lakhs to a profit of Rs. 84.78 lakhs, with EPS at Rs. 2.08 versus a negative Rs. 4.36 earlier. On a standalone basis, revenue from operations fell to Rs. 29.76 lakhs from Rs. 61.78 lakhs, though the company returned to a small standalone profit of Rs. 6.32 lakhs from a prior loss of Rs. 106 lakhs. The Board did not recommend any dividend and disclosed plans to expand into semiconductor design/packaging and AI technologies, along with an increase in authorised capital from Rs. 4.5 crore to Rs. 6.5 crore and an issue of 11,11,111 convertible warrants at Rs. 54 each on a preferential basis.
A strong turnaround on the consolidated books — with revenue nearly tripling and a return to profitability — is positive for shareholders, though the standalone business remains small and unprofitable in operating terms. The proposed preferential warrant issue and capital expansion could lead to dilution once warrants are converted, which investors should watch.