Sancode Technologies Mulls Fundraising via Shares and Warrants to Fuel Expansion and Innovation

 Sancode Technologies Ltd is set to consider a fundraising proposal through equity shares and warrants, as per its latest regulatory filing. The move is expected to support the company’s strategic growth initiatives, including product development, global client acquisition, and entry into emerging tech domains.

 

Key Highlights:

 

The Board of Directors will deliberate on the fundraising plan in its upcoming meeting, with options likely to include preferential allotment or private placement of shares and convertible warrants.

 

The capital raised will be earmarked for scaling operations, enhancing R&D capabilities, and exploring new verticals such as semiconductor design and OSAT manufacturing services.

 

The company has recently divested its stake in Dhruva Advisors Inc USA and acquired additional equity in Sanfin Technologies Pvt Ltd, signaling a shift toward focused tech investments.

 

Strategic Context:

 

Sancode Technologies specializes in API-based platforms for digital transformation, AI, ML, and workflow automation, serving clients across the US, retail, banking, and manufacturing sectors.

 

The proposed fundraising aligns with its roadmap to expand offshore delivery centers and strengthen its presence in high-growth markets.

 

The company has also disclosed plans to explore opportunities in semiconductor design and verification, indicating a pivot toward deep-tech capabilities.

 

Market Outlook:

 

Analysts expect the fundraising to improve liquidity and accelerate product innovation, especially in AI-led enterprise solutions.

 

The move may also enhance shareholder value by supporting long-term scalability and margin expansion.

 

Sources: Economic Times, Moneycontrol, BSE Corporate Filings (July 2025)