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Latest filing: 2026-10-10 21:22
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17 announcements match the current filters (relevance ≥ 5).
LCC Infotech Q2 FY27 Net Profit at ₹1.69 Cr on Revenue Surge to ₹5.43 Cr
LCC Infotech reported standalone revenue from operations of ₹5.43 Cr (₹542.52 Lakhs) for Q2 ended September 30, 2026, compared to nil in Q1 FY27 and just ₹0.10 Lakhs in Q2 FY26. Net profit for the quarter came in at ₹1.69 Cr (₹169.47 Lakhs) against a net loss of ₹0.06 Cr in Q2 FY26 and ₹0.12 Cr in Q1 FY27. Total expenses surged to ₹3.18 Cr, primarily driven by ₹2.97 Cr in material consumption costs. Additionally, the company submitted a statement showing zero deviation in the utilization of its ₹121.76 Cr preferential issue proceeds.
Confidence: HIGH
What changedThe company swung to profitability with a sharp surge in quarterly operating revenue after multiple quarters of near-zero operational scale.
Why it mattersPrior to this quarter, the company had near-zero TTM revenue and significant accumulated losses; this quarterly performance indicates potential operational revival or new business lines under new management.
Revenue from operations (Q2 FY27): ₹542.52 LakhsNet Profit (Q2 FY27): ₹169.47 LakhsCost of Material Consumed: ₹297.16 LakhsPreferential Issue Funds Raised: Rs.12176.00(In Lakhs)
📅 Short termThe sharp turnaround from near-zero revenue and persistent losses to a ₹1.69 Cr quarterly profit is likely to draw retail attention.
📈 Long termStructural turnaround hinges on whether the new management can maintain multi-crore operating revenues sustainably rather than through sporadic material-intensive contracts.
⚠ Risk flags
- Sudden jump in cost of materials consumed suggests a shift toward trading or low-margin activities
- Track record of steep historical losses and extremely small core revenue base
- Lack of detailed notes explaining the nature of the sudden operational ramp-up
Key Highlights
Revenue from operations jumped to ₹542.52 Lakhs (₹5.43 Cr) vs ₹0.10 Lakhs in Q2 FY26
Net profit after tax turned positive at ₹169.47 Lakhs (₹1.69 Cr) vs a loss of ₹6.10 Lakhs in Q2 FY26
Cost of material consumed spiked to ₹297.16 Lakhs, representing the bulk of quarterly operating expenses
Reported zero deviation in the utilization of ₹12,176 Lakhs (₹121.76 Cr) raised via preferential issue
👀 What to Watch
Track whether this sudden quarterly revenue surge is sustainable or a one-off trading transaction, and watch for further disclosures regarding the utilization of preferential issue proceeds.
LCC Infotech Q2 FY27 Net Profit at ₹1.69 Cr on Revenue Surge to ₹5.43 Cr
LCC Infotech reported standalone revenue from operations of ₹5.43 Cr (₹542.52 Lakhs) for Q2 ended September 30, 2026, compared to nil in Q1 FY27 and just ₹0.10 Lakhs in Q2 FY26. Net profit for the quarter came in at ₹1.69 Cr (₹169.47 Lakhs) against a net loss of ₹0.06 Cr in Q2 FY26 and ₹0.12 Cr in Q1 FY27. Total expenses surged to ₹3.18 Cr, primarily driven by ₹2.97 Cr in material consumption costs. Additionally, the company submitted a statement showing zero deviation in the utilization of its ₹121.76 Cr preferential issue proceeds.
Confidence: HIGH
What changedThe company swung to profitability with a sharp surge in quarterly operating revenue after multiple quarters of near-zero operational scale.
Why it mattersPrior to this quarter, the company had near-zero TTM revenue and significant accumulated losses; this quarterly performance indicates potential operational revival or new business lines under new management.
Revenue from operations (Q2 FY27): ₹542.52 LakhsNet Profit (Q2 FY27): ₹169.47 LakhsCost of Material Consumed: ₹297.16 LakhsPreferential Issue Funds Raised: Rs.12176.00(In Lakhs)
📅 Short termThe sharp turnaround from near-zero revenue and persistent losses to a ₹1.69 Cr quarterly profit is likely to draw retail attention.
📈 Long termStructural turnaround hinges on whether the new management can maintain multi-crore operating revenues sustainably rather than through sporadic material-intensive contracts.
⚠ Risk flags
- Sudden jump in cost of materials consumed suggests a shift toward trading or low-margin activities
- Track record of steep historical losses and extremely small core revenue base
- Lack of detailed notes explaining the nature of the sudden operational ramp-up
Key Highlights
Revenue from operations jumped to ₹542.52 Lakhs (₹5.43 Cr) vs ₹0.10 Lakhs in Q2 FY26
Net profit after tax turned positive at ₹169.47 Lakhs (₹1.69 Cr) vs a loss of ₹6.10 Lakhs in Q2 FY26
Cost of material consumed spiked to ₹297.16 Lakhs, representing the bulk of quarterly operating expenses
Reported zero deviation in the utilization of ₹12,176 Lakhs (₹121.76 Cr) raised via preferential issue
👀 What to Watch
Track whether this sudden quarterly revenue surge is sustainable or a one-off trading transaction, and watch for further disclosures regarding the utilization of preferential issue proceeds.
LCC Infotech Issues AGM Corrigendum Disclosing Rs 93.77 Cr Warrants and Equity Allotment
LCC Infotech has issued a corrigendum to its FY2025-26 Annual Report and AGM Notice correcting omissions regarding its capital structure. The company clarified that during FY26, it allotted 4.20 crore equity shares at Rs 4.55 per share, raising paid-up equity capital by Rs 8.40 crore to Rs 33.72 crore. Additionally, it issued 20.61 crore convertible warrants at Rs 4.55 aggregating to Rs 93.77 crore (over 2x its current market cap of Rs 45 crore), against which Rs 23.44 crore (25%) was received upfront. The corrigendum also provides missing director profile disclosures for Rachna Suman Shaw, who holds a 17.21% stake and is up for re-appointment.
Confidence: HIGH
What changedAmended the Directors' Report to reflect the FY26 preferential allotment of 4.20 crore shares and 20.61 crore warrants, and appended the profile of retiring director Rachna Suman Shaw.
Why it mattersThe company had previously omitted substantial capital restructuring details in its Annual Report; fully converting the Rs 93.77 crore warrants would cause significant equity dilution given the company's current market capitalization of Rs 45 crore.
Equity shares allotted: 4,20,00,000Issue price per share/warrant: Rs 4.55Paid-up equity capital post-allotment: Rs 3,371.87 lakhTotal warrant value: Rs 93,76,60,228.05Warrant upfront receipt (25%): Rs 23,44,15,057Warrant size vs Market cap: ~208%
📅 Short termAdministrative correction for AGM compliance; minimal price impact expected as the underlying allotment was approved at the EGM on February 2, 2026.
📈 Long termIf convertible warrants are fully exercised, the substantial equity expansion will significantly dilute existing shareholders, though the incoming cash could support operational turnaround efforts.
⚠ Risk flags
- Severe prospective dilution from 20.61 crore convertible warrants.
- Lax corporate secretarial reporting requiring post-issuance corrigendum for major balance sheet items.
- Turnaround risk with company generating near-zero revenue and persistent operational losses.
Key Highlights
Preferential allotment of 4,20,00,000 equity shares of face value Rs 2 each at Rs 4.55 per share completed in FY26.
Paid-up equity share capital increased from Rs 2,531.87 lakh to Rs 3,371.87 lakh (an addition of Rs 840.00 lakh).
Issued 20,60,79,171 convertible warrants at Rs 4.55 each, aggregating to Rs 93.76 crore.
Received Rs 23.44 crore upfront subscription money (25%), with the 75% balance payable upon warrant conversion.
Disclosed profile of Director Rachna Suman Shaw, who holds a 17.21% equity stake in the company.
👀 What to Watch
Track the 40th AGM proceedings on September 30, 2026, and monitor warrant conversion timelines along with the deployment of the Rs 23.44 crore upfront proceeds toward business operations.
LCC Infotech Calls AGM for Sept 30, 2026; Proposes Business Pivot to Salt and Agro Trading
LCC Infotech has issued its 40th AGM notice scheduled for September 30, 2026, alongside its FY26 Annual Report. A key resolution proposes amending its Memorandum of Association (MoA) to pivot its business model from legacy IT training into salt manufacturing/refining and agro/food trading. Additionally, the company seeks approval for related party borrowings of up to Rs 500 lakh (Rs 5 crore) each from Managing Director Shreeram Bagla and Director Rachna Suman Shaw, representing a combined Rs 10 crore limit. Shareholders will also vote on appointing M/s Sarang Shivajirao Chavan and Associates as statutory auditors for a 5-year term through 2031.
Confidence: HIGH
What changedLCC Infotech has formally initiated a shareholder vote to amend its core corporate objects to include salt manufacturing and agro products, moving away from pure-play IT training.
Why it mattersWith TTM revenue near zero and severe accumulated losses, entering completely unrelated capital-intensive commodity segments represents a total business pivot funded partially by up to Rs 10 crore in promoter/director loans.
Related Party Loan Limit (Shreeram Bagla): Rs 500.00 LakhsRelated Party Loan Limit (Rachna Suman Shaw): Rs 500.00 LakhsCombined Loan Limit vs Net Worth (Rs 43 Cr): ~23.3%AGM Date: 30th September, 2026
📅 Short termShareholders will focus on the September 30, 2026 AGM voting results regarding the MoA alteration and related party financing.
📈 Long termThe proposed shift into salt and agro trading alters the fundamental profile of the company, though execution track record in these non-core areas remains unproven.
⚠ Risk flags
- Radical pivot into unrelated commodity and food industries outside historical IT training expertise
- Related-party borrowing exposure of up to Rs 10 crore from key management personnel
- Statutory auditor reported that accounting software lacked required audit trail (edit log) feature during FY26
Key Highlights
AGM scheduled for September 30, 2026, via Video Conferencing
Proposed alteration of MoA object clause to enter salt manufacturing, processing, and agro-food trading
Approval sought for related party loans up to Rs 500.00 Lakhs each from Shreeram Bagla and Rachna Suman Shaw (Rs 10 Cr total limit)
Proposed appointment of M/s Sarang Shivajirao Chavan and Associates as Statutory Auditors for 5 years (until 2031 AGM)
👀 What to Watch
Track voting outcomes of the AGM on September 30, 2026, and watch for subsequent regulatory filings detailing concrete capital deployment or operational roadmaps for the new salt and agro business lines.
LCC Infotech Appoints New Auditor; Posts Q1 Net Loss of Rs 12.18 Lakh on Zero Revenue
LCC Infotech announced the resignation of its statutory auditor, M/s V Jalan & Co, citing preoccupation, and appointed M/s Sarang Shivajirao Chavan and Associates to fill the casual vacancy. For the quarter ended June 30, 2026, the company posted zero revenue from operations and a net loss of Rs 12.18 lakh compared to a net loss of Rs 14.54 lakh in Q1 FY26. Total expenses for the quarter stood at Rs 12.18 lakh, led by other expenses of Rs 11.52 lakh. The company also reported zero deviation in the utilisation of Rs 12,176 lakh raised via a preferential issue in March 2026.
Confidence: HIGH
What changedStatutory auditor M/s V Jalan & Co resigned and was replaced by M/s Sarang Shivajirao Chavan & Associates, alongside the approval of Q1 FY27 financial results.
Why it mattersThe company continues to produce zero operational revenue while incurring administrative expenses, underscoring ongoing turnaround challenges despite past capital raising.
Q1 Revenue from Operations: Rs 0.00 LakhsQ1 Net Loss: Rs 12.18 LakhsTotal Expenses (Q1): Rs 12.18 LakhsPreferential Issue Amount: Rs 12176.00 LakhsPaid-up Share Capital: Rs 3371.87 Lakhs
📅 Short termAuditor turnover and lack of revenue generation are likely to keep market sentiment cautious in the near term.
📈 Long termLong-term prospects depend entirely on whether management can successfully operationalize new business activities from the preferential issue proceeds.
⚠ Risk flags
- Auditor resignation
- Zero operational revenue
- Persistent net losses and cash burn
Key Highlights
Resignation of Statutory Auditor M/s V Jalan & Co accepted effective August 14, 2026, citing professional pre-occupation.
Appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditor until the ensuing General Meeting.
Revenue from operations was Rs 0.00 lakh for the quarter ended June 30, 2026, down from Rs 2.93 lakh in Q1 FY26.
Net loss for Q1 stood at Rs 12.18 lakh against a loss of Rs 14.54 lakh in the corresponding quarter of the previous year.
Reported zero deviation in the use of Rs 12,176.00 lakh raised through a preferential issue on March 7, 2026.
👀 What to Watch
Track shareholder approval for the new statutory auditor at the upcoming AGM and monitor deployment of preferential funds into revenue-generating operations.
LCC Infotech Reports Nil Revenue, ₹12.18 L Loss in Q1 FY27; Changes Statutory Auditor
LCC Infotech reported zero revenue from operations for the quarter ended June 30, 2026, down from ₹2.93 Lakhs in the corresponding quarter last year. Net loss for the quarter stood at ₹12.18 Lakhs compared to a loss of ₹14.54 Lakhs in Q1 FY26 and ₹28.36 Lakhs in Q4 FY26. The board approved the appointment of M/s Sarang Shivajirao Chavan and Associates as statutory auditor following the resignation of M/s V Jalan & Co. Furthermore, the company reported no deviation in the utilization of ₹121.76 Cr raised via preferential issue.
Confidence: HIGH
What changedLCC Infotech reported Q1 FY27 results with zero operating revenue and replaced its statutory auditor following the resignation of M/s V Jalan & Co.
Why it mattersThe company's core operations remain completely stalled with persistent net losses, while an auditor change adds governance monitoring requirements.
Revenue from Operations (Q1 FY27): ₹0.00 LakhsNet Loss (Q1 FY27): ₹12.18 LakhsTotal Expenses (Q1 FY27): ₹12.18 LakhsPreferential Issue Proceeds: Rs.12176.00(In Lakhs)Paid-up Equity Share Capital: ₹3371.87 Lakhs
📅 Short termZero operating revenue and statutory auditor resignation are likely to weigh negatively on market sentiment in the near term.
📈 Long termStructural turnaround is highly uncertain and requires execution proof regarding revenue generation from new business lines after significant capital raising.
⚠ Risk flags
- Zero operating revenue and continuing operational losses
- Casual vacancy from statutory auditor resignation
- Deployment risks related to diversified objects like movie studio and film production
Key Highlights
Revenue from operations was ₹0.00 Lakhs for the quarter ended June 30, 2026, compared to ₹2.93 Lakhs in Q1 FY26.
Net loss for Q1 FY27 stood at ₹12.18 Lakhs versus a loss of ₹14.54 Lakhs in the prior-year period.
Total expenses were ₹12.18 Lakhs, mainly comprising other expenses of ₹11.52 Lakhs and employee costs of ₹0.66 Lakhs.
Statutory auditor M/s V Jalan & Co resigned citing preoccupation; M/s Sarang Shivajirao Chavan and Associates appointed to fill casual vacancy.
Reported zero deviation in the utilisation of ₹12,176.00 Lakhs raised through preferential issue dated March 7, 2026.
👀 What to Watch
Track whether management can generate operational revenue in upcoming quarters and monitor the deployment of preferential issue proceeds into movie studio and working capital objects.
LCC Infotech Reports FY26 Net Loss of ₹49.35 Lakhs; Annual Revenue Drops 91.7%
LCC Infotech Limited reported a significant decline in its core operations for the fiscal year ended March 31, 2026, with annual revenue from operations falling to just ₹3.07 Lakhs from ₹36.89 Lakhs in the previous year. While the net loss narrowed to ₹49.35 Lakhs compared to a loss of ₹215.84 Lakhs in FY25, the company's business activity remains extremely low. A major balance sheet shift was observed with non-current loans surging to ₹4,012.75 Lakhs from ₹33.64 Lakhs, alongside an increase in equity capital due to a preferential issue. The company confirmed there were no deviations in the utilization of funds raised through the preferential issue.
Key Highlights
Annual revenue from operations plummeted by 91.7% to ₹3.07 Lakhs in FY26 from ₹36.89 Lakhs in FY25.
Net loss for the full year narrowed to ₹49.35 Lakhs from a loss of ₹215.84 Lakhs in the previous fiscal year.
Non-current financial assets (Loans) saw a massive increase to ₹4,012.75 Lakhs from ₹33.64 Lakhs year-on-year.
Paid-up equity share capital increased to ₹3,371.87 Lakhs from ₹2,531.87 Lakhs following a preferential issue.
The company reported a Q4 FY26 net loss of ₹28.37 Lakhs on negligible quarterly revenue of ₹0.04 Lakhs.
👀 What to Watch
Investors should be highly cautious as the company's core revenue has almost entirely evaporated. The sudden and massive increase in 'Loans' under non-current assets warrants close scrutiny regarding the nature of these outgoings and their potential impact on future liquidity.
LCC Infotech Open Offer: Kunjit Maheshbhai Patel to Acquire 26% Stake at ₹3.55 Per Share
Mr. Kunjit Maheshbhai Patel has initiated an open offer to acquire 4,38,34,271 equity shares of LCC Infotech Limited, representing 26% of the emerging voting share capital. The offer price is set at ₹3.55 per share, following the initial public announcement made in January 2026. A post-offer advertisement has been published across national and regional newspapers as of May 2, 2026, marking a significant step in the change of control process. This acquisition is being conducted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
Key Highlights
Open offer for 4,38,34,271 equity shares, constituting 26.00% of the company's voting capital.
Offer price fixed at ₹3.55 per equity share with a face value of ₹2.
Acquirer identified as Mr. Kunjit Maheshbhai Patel.
Post-offer advertisement published in Financial Express, Jansatta, and regional newspapers on May 02, 2026.
Grow House Wealth Management Private Limited is acting as the Manager to the Offer.
👀 What to Watch
Investors should monitor the change in leadership and the acquirer's future strategy for the company. Compare the current market price with the offer price of ₹3.55 to assess the valuation benchmark set by the acquirer.
LCC Infotech Open Offer: Acquirer to Purchase 26% Stake at ₹3.55 Per Share
Mr. Kunjit Maheshbhai Patel has initiated an open offer to acquire 4,38,34,271 equity shares of LCC Infotech Limited, representing 26% of the emerging voting share capital. The offer price is fixed at ₹3.55 per share, payable in cash, following a public announcement made in January 2026. This update confirms the publication of the pre-offer advertisement and draft letter of offer in major national and regional newspapers. The offer is being managed by Grow House Wealth Management Private Ltd.
Key Highlights
Open offer for 4,38,34,271 equity shares, constituting 26.00% of the emerging voting share capital
Offer price set at ₹3.55 per equity share with a face value of ₹2 each
Acquisition triggered under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011
Pre-offer advertisement and corrigendum published on April 02, 2026
Manager to the offer is Grow House Wealth Management Private Limited
👀 What to Watch
Investors should compare the current market price of LCCINFOTEC with the offer price of ₹3.55 to determine the benefit of tendering shares. Monitor the final Letter of Offer for the specific opening and closing dates of the tendering period.
LCC Infotech Allots 20.61 Cr Convertible Warrants to Raise Rs 93.77 Crore
LCC Infotech has approved the allotment of 20.61 crore convertible warrants to 40 non-promoter investors on a preferential basis. The warrants are issued at a price of Rs 4.55 each, including a premium of Rs 2.55, totaling an aggregate value of approximately Rs 93.77 crore. The company has already received 25% of the subscription amount, totaling Rs 23.44 crore, with the remaining 75% due upon conversion into equity shares. This capital infusion is expected to strengthen the company's balance sheet, although it will lead to significant equity dilution within the next 18 months.
Key Highlights
Allotment of 20,60,79,171 convertible warrants at an issue price of Rs 4.55 per warrant.
Total fundraise value of Rs 93.77 crore, with Rs 23.44 crore already received as upfront payment.
Warrants are convertible into equity shares of face value Rs 2 each within a period of 18 months.
Allotment made to 40 non-promoter investors, including individuals, HUFs, and private entities.
Each warrant is exchangeable for one fully paid-up equity share upon payment of the remaining 75% balance.
👀 What to Watch
Investors should track the company's utilization of the raised capital for growth initiatives and be mindful of the impending equity dilution. The entry of 40 new non-promoter investors indicates significant external interest in the company's future prospects.
LCC Infotech Allots 4.2 Crore Shares for Rs 19.11 Cr; New Promoter to Acquire 24.91% Stake
LCC Infotech has successfully completed the allotment of 4.20 crore equity shares on a preferential basis at an issue price of Rs. 4.55 per share. This fundraise has brought in Rs. 19.11 crores of capital into the company. The sole allottee, Kunjit Maheshbhai Patel, will hold a 24.91% stake post-allotment and is expected to take over management control as a promoter following the completion of Open Offer formalities. This move significantly expands the company's equity base from 12.66 crore shares to 16.86 crore shares.
Key Highlights
Allotment of 4,20,00,000 equity shares at a price of Rs. 4.55 per share (including Rs. 2.55 premium).
Total capital infusion of Rs. 19,11,00,000 (Rs. 19.11 Crores) into the company.
Investor Kunjit Maheshbhai Patel to acquire a 24.91% stake and seek promoter status.
Paid-up equity capital increased from Rs. 25.32 Crores to Rs. 33.72 Crores.
The transaction triggers Open Offer obligations for the acquisition of management control.
👀 What to Watch
Investors should watch for the upcoming Open Offer details as this indicates a significant change in management and control. The capital infusion is a positive sign for the company's liquidity, but the future trajectory depends on the new promoter's strategic vision.
LCC Infotech Reports Q3 FY26 Net Loss of ₹0.35 Lakhs on Zero Revenue
LCC Infotech reported a net loss of ₹0.35 Lakhs for the quarter ended December 31, 2025, which is a significant narrowing from the ₹42.92 Lakhs loss reported in the same period last year. Alarmingly, the company recorded zero revenue from operations during the quarter, down from ₹3.03 Lakhs in Q3 FY25. The reduction in loss is entirely driven by a massive cut in total expenses, which fell from ₹46.72 Lakhs to just ₹0.35 Lakhs year-on-year. For the nine-month period ending December 2025, the total loss stands at ₹20.99 Lakhs compared to ₹116.06 Lakhs in the previous year.
Key Highlights
Revenue from operations dropped to ₹0.00 in Q3 FY26 from ₹3.03 Lakhs in Q3 FY25.
Net loss narrowed to ₹0.35 Lakhs for the quarter versus a loss of ₹42.92 Lakhs in the year-ago period.
Total expenses were drastically reduced by over 99% YoY to ₹0.35 Lakhs.
Nine-month (9M FY26) net loss improved to ₹20.99 Lakhs from ₹116.06 Lakhs in 9M FY25.
Earnings Per Share (EPS) remained negative at (₹0.0003) for the quarter.
👀 What to Watch
Investors should exercise extreme caution as the company has reported zero operational revenue, suggesting a near-total halt in business activity. The narrowing of losses is due to cost-cutting rather than operational efficiency or growth.
LCC Infotech Approves Rs 250 Cr Borrowing Limit and Major Preferential Issue
LCC Infotech shareholders have approved several significant resolutions during the Extraordinary General Meeting held on February 2, 2026. Key approvals include the issuance of 4.2 crore equity shares and over 22.5 crore convertible warrants on a preferential basis to raise capital. Furthermore, the company received authorization to increase its borrowing limit to Rs 250 crores and will shift its registered office from West Bengal to Gujarat. These moves indicate a major strategic restructuring and capital infusion phase for the company.
Key Highlights
Approved issuance of 4,20,00,000 equity shares on a preferential basis
Approved issuance of 22,56,05,633 convertible warrants on a preferential basis
Authorized a new borrowing limit of up to Rs 250 crores under Section 180(1)(c)
Approved shifting the registered office from West Bengal to Gujarat
Regularized the appointment of Mr. Akhilkumar Dilipbhai Kotak as Executive Director
👀 What to Watch
Investors should monitor the specific pricing of the preferential issues and how the company intends to deploy the Rs 250 crore borrowing capacity. While the capital infusion is positive for growth, the large number of warrants and shares will lead to significant equity dilution.
LCC Infotech EGM Approves Preferential Issue of 26.7 Cr Securities and Rs 250 Cr Borrowing Limit
LCC Infotech Limited held an Extraordinary General Meeting (EGM) on February 02, 2026, where shareholders approved several major strategic resolutions. Key approvals include the issuance of 4.2 crore equity shares and 22.56 crore convertible warrants on a preferential basis to raise capital. The company also received authorization to increase its borrowing limit to Rs. 250 Crores and will shift its registered office from West Bengal to Gujarat. These steps indicate a significant expansion plan and a potential shift in the company's operational focus.
Key Highlights
Approved issuance of 4,20,00,000 Equity Shares on a preferential basis
Approved issuance of 22,56,05,633 Convertible Warrants on a preferential basis
Increased borrowing powers under Section 180(1)(c) up to a limit of Rs. 250 Crores
Relocation of the Registered Office from West Bengal to Gujarat approved
Regularization of Mr. Akhilkumar Dilipbhai Kotak as an Executive Director
👀 What to Watch
Investors should watch for the specific pricing of the preferential issues and how the company intends to deploy the newly authorized capital and debt. The massive warrant issuance suggests significant future equity dilution which needs to be weighed against growth prospects.
LCC Infotech to Raise ₹14.91 Cr via Preferential Issue; Plans Major Business Diversification
LCC Infotech has scheduled an Extraordinary General Meeting (EOGM) on February 2, 2026, to seek approval for a preferential issue of 4.2 crore equity shares at ₹3.55 per share, totaling ₹14.91 crore. The allottee, Kunjit Maheshbhai Patel, is set to become the new promoter following an Open Offer and change in management control. The company is also proposing a massive diversification of its business into media, jewelry, real estate, and travel sectors. Furthermore, the authorized share capital will be increased to ₹80 crore, and the registered office will shift from West Bengal to Gujarat.
Key Highlights
Preferential allotment of 4,20,00,000 equity shares at ₹3.55 per share to raise ₹14.91 crore.
Proposed change in management control with Kunjit Maheshbhai Patel becoming the new Promoter.
Significant expansion of business objects to include media, jewelry, construction, and travel management.
Increase in Authorized Share Capital from ₹51 crore to ₹80 crore to facilitate future growth.
Relocation of the registered office from Kolkata, West Bengal to the State of Gujarat.
👀 What to Watch
Investors should monitor the upcoming Open Offer and evaluate the credentials of the new promoter, as the company is undergoing a total strategic pivot. The shift into multiple unrelated business sectors carries high execution risk and warrants a cautious approach.
LCC Infotech to Issue 4.2 Cr Shares at Rs 3.55; Change in Control Proposed
LCC Infotech's Committee of Independent Directors has approved a preferential allotment of 4.20 crore equity shares to a non-promoter entity. The issue price is set at Rs. 3.55 per share, which includes a control premium as determined by an independent valuer. This transaction will result in a change of control and trigger a mandatory Open Offer under SEBI Takeover Regulations. The incoming allottee will be reclassified as a promoter upon completion of the process.
Key Highlights
Preferential allotment of 4,20,00,000 equity shares approved by the board committee
Issue price fixed at Rs. 3.55 per share based on a valuation report dated January 03, 2026
Proposed transaction will lead to a change in management control of the company
Open Offer to be triggered under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations
Independent Directors unanimously (3-0) approved the proposal as fair and reasonable
👀 What to Watch
Investors should closely monitor the identity and track record of the incoming promoter and the details of the upcoming Open Offer. The stock is likely to remain volatile until the new management's strategic vision for the company is clarified.
LCC Infotech: Change in Control as Promoters Sell 45.85% Stake; Massive Fundraise Approved
LCC Infotech is undergoing a complete transformation as promoters agree to sell a 45.85% stake to Mr. Kunjit Maheshbhai Patel at ₹3.55 per share, triggering a mandatory open offer. The board has also approved a significant fundraise via preferential allotment of 4.2 crore equity shares and 22.56 crore convertible warrants. In a radical move, the company is pivoting its business focus to include media, jewelry, real estate, and travel services. Additionally, the registered office will be shifted from West Bengal to Gujarat, signaling a total corporate restructuring.
Key Highlights
Promoters to sell 5,80,42,357 shares (45.85% stake) at ₹3.55 per share to a new acquirer.
Preferential issue of 4.2 crore equity shares at ₹3.55 each, aggregating to ₹14.91 crore.
Proposed issuance of 22,56,05,633 convertible warrants on a preferential basis.
Authorized share capital increased from ₹51 crore to ₹80 crore to facilitate new issuances.
Complete business diversification into media, jewelry, construction, and travel sectors.
👀 What to Watch
Investors should closely monitor the upcoming Open Offer and the track record of the new promoter, Mr. Kunjit Maheshbhai Patel. While the capital infusion is positive, the radical shift in business focus introduces significant execution risk.
