SANCODE TECHNOLOGIES has allotted 23,25,582 convertible warrants on a preferential basis to promoters and a non-promoter.

Each warrant, priced at ₹172, will convert into one equity share.

The total consideration for this issue is ₹40.00 Cr, of which ₹10.41 Cr has already been received.

This capital infusion strengthens the company's financial position, as these warrants can be converted into equity shares within 18 months.

This move expands the shareholder base and provides funds for future growth.