The Company has informed the stock exchange regarding receipt of In-Principle approval for issue of shares on preferential basis.
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Sancode Technologies, listed on the BSE SME platform (scrip code 543897), has received In-Principle approval from BSE for issuing 11,11,111 convertible warrants on a preferential basis. Each warrant is convertible into one equity share of Rs. 10 face value, to be allotted to promoters and non-promoters at a price of not less than Rs. 54 per share. The total potential value of the issue (on full conversion) is approximately Rs. 6 crore. The approval is dated 28 November 2025 and was granted under SEBI's ICDR Regulations, Chapter V. The company must still complete post-issue compliance and file a listing application within applicable timelines.
This preferential issue will lead to equity dilution for existing shareholders once the warrants are converted into shares. It brings in fresh capital, but retail investors on the BSE SME platform should factor in the dilutionary effect and note that further allotments may occur in the future.