Intimation for allotment of Securities by Sancode Semi Private Limited ( Subsidiary Company).
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 03 Aug 2026, 05:14 PM IST · BSE ID: 69acb5c5-871c-4f6a-a798-bbb6516b6f10
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's subsidiary raised Rs. 107 crores by issuing special shares, which will affect Sancode Technologies' future ownership percentage.
🤖 AI Summary
- Sancode Semi Private Limited allots 12,647 CCPS, raising Rs. 107 crores via preferential allotment.
- Sancode Technologies' shareholding in the subsidiary will be 95.74% on a fully diluted basis post-allotment.
- The funds are for developing an OSAT Project approved by the Government of Odisha.
- The transaction is classified as a Related Party Transaction, conducted on an arm's length basis.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised by Subsidiary
Rs. 107 crores
Sancode Technologies' Shareholding (Fully Diluted)
95.74%
Sancode Semi Authorised Capital
Rs. 1,00,00,000/-
Sancode Semi Paid Up Share Capital (Equity)
Rs. 41,00,000
Sancode Semi FY 2025-26 Turnover
Nil
🏢 How This Affects the Company
The investment supports the development of an OSAT Project in semiconductor manufacturing, aligning with government initiatives. This may expand the subsidiary's operational scope.
The Rs. 107 crores raised by the subsidiary impacts Sancode Technologies' effective shareholding on a fully diluted basis. Details on consolidation are not provided.
Funds are earmarked for land acquisition, technology, plant, and machinery for the OSAT Project, indicating a move towards enhanced manufacturing capabilities.
The transaction involves related parties (directors of Sancode Technologies also being directors of Sancode Semi), though stated as arm's length. This requires careful ongoing monitoring.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders regarding this subsidiary funding event.
👤
Who Is Affected
All shareholders are affected by the potential future dilution of their stake on a fully diluted basis, as Sancode Technologies' effective control is maintained.
🔍
Management Signal
Management is prioritizing the strategic development of the subsidiary's semiconductor manufacturing capabilities through dedicated funding.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Progress on OSAT Project development and land acquisition.
Future financial results of Sancode Semi Private Limited.
Updates on the conversion of CCPS to equity shares.
MEDIUM RISK
Related party transaction and subsidiary's Nil turnover raise potential concerns.
💡 Investor Takeaway
Sancode Technologies' subsidiary, Sancode Semi, raised Rs. 107 crores via CCPS allotment, intended for an OSAT Project. Sancode Technologies will hold 95.74% on a fully diluted basis.
⚖️ Strengths & Concerns
✅ Positives
- Subsidiary secures Rs. 107 crores funding for a government-approved semiconductor project.
- Sancode Technologies maintains a significant 95.74% shareholding on a fully diluted basis.
⚠️ Concerns
- Sancode Semi Private Limited reported Nil turnover for FY 2025-26, indicating an early-stage or pre-revenue status.
- The transaction involves related parties, necessitating continued vigilance on arm's length adherence.
📅 Company Track Record
Previously, Sancode Technologies received in-principle approval for a preferential issue of warrants. Its subsidiary also completed a rights issue, increasing paid-up capital.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How much did Sancode Semi Private Limited raise?
Sancode Semi Private Limited raised Rs. 107 crores through the preferential allotment of 31,467 Compulsorily Convertible Preference Shares.
What is Sancode Technologies' shareholding in Sancode Semi after the allotment?
Post allotment, Sancode Technologies' shareholding in Sancode Semi Private Limited will be 95.74% on a fully diluted basis.
What is the purpose of the funds raised by Sancode Semi?
The funds are for the development of an OSAT Project approved by the Government of Odisha, including land and machinery purchase.
Is this transaction a related party transaction?
Yes, the strategic investment in Sancode Semi Private Limited is a Related Party Transaction, although it is stated to be on an arm's length basis.
What was Sancode Semi's turnover for FY 2025-26?
Sancode Semi Private Limited reported Nil turnover during the financial year 2025-26.
Questions based on this BSE filing only. For information purposes.