The company has informed the exchange regarding Notice of AGM of the company for FY 2024-25.
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Sancode Technologies has notified BSE about its 9th AGM scheduled for Monday, September 29, 2025, at 3:00 PM at its registered office in Andheri (East), Mumbai. The AGM will consider three items: adoption of audited standalone and consolidated financial statements for FY24-25, re-appointment of Amit Vijay Jain (DIN: 09788333) as Executive Director (retiring by rotation), and approval to appoint M/s. Dilip Swarnkar & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30). On a consolidated basis, the company posted a strong turnaround — total revenue jumped nearly 3x to Rs. 1,423.87 lakhs (vs Rs. 484.45 lakhs in FY23-24) and PAT swung to a profit of Rs. 84.78 lakhs from a loss of Rs. 175.18 lakhs, with EPS at Rs. 2.08. Standalone numbers were modest with revenue of Rs. 69.03 lakhs and PAT of Rs. 6.32 lakhs. No dividend has been recommended, and the board has approved an increase in authorised capital from Rs. 4.5 crore to Rs. 6.5 crore, along with an issue of 11,11,111 convertible warrants at Rs. 54 each on a preferential basis to promoter and non-promoter groups.
The AGM notice is procedural but flags a clear financial turnaround on a consolidated basis — a swing to profit after a prior-year loss, paired with sharp revenue growth, is a positive signal. Shareholders should note the no-dividend stance (cash conserved for growth), the preferential warrant issue that may lead to equity dilution once converted, and the proposed expansion into semiconductor and AI segments. E-voting window is September 26-28, 2025 with cut-off date of September 22, 2025.