LCCINFOTEC - LCC Infotech
📢 Recent Corporate Announcements
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.
- 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.
LCC Infotech Limited has announced the appointment of Ms. Deepshikha Khandelwal as the new Company Secretary and Compliance Officer, effective March 05, 2026. She succeeds Mr. Vineet Jain, who resigned from the position citing personal reasons. Furthermore, the company has decided to shift the location for keeping its Books of Accounts from Saltlake, West Bengal, to Ahmedabad, Gujarat. These administrative updates were finalized during a board meeting held on March 05, 2026.
- Ms. Deepshikha Khandelwal appointed as CS and Compliance Officer with over 5 years of experience in corporate law.
- Mr. Vineet Jain resigned from the post of CS and Compliance Officer effective March 05, 2026.
- Books of Account location shifted from Kolkata, West Bengal to Silicon Tower, Ahmedabad, Gujarat.
- The Board meeting was conducted and concluded within a 30-minute window from 04:30 PM to 05:00 PM.
LCC Infotech Limited has issued a clarification regarding its Corrigendum dated January 29, 2026, which was related to the Extraordinary General Meeting (EGM) held on February 2, 2026. The company clarified that the purpose of the funds is strictly to meet working capital requirements. The previous mention of "expansion of business" has been removed from the official record for pages 2 and 7 of the notice. This administrative update ensures the company's filings accurately reflect the intended use of capital.
- Clarification issued for the Corrigendum dated January 29, 2026, regarding the EGM held on February 2, 2026.
- The phrase 'expansion of business' has been officially removed from the stated purpose of fund utilization.
- The revised purpose is now limited solely to meeting the 'working capital requirement of the Company'.
- The correction applies specifically to text appearing on page 2 and page 7 of the previous Corrigendum.
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.
- 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.
LCC Infotech reported a near-total halt in operations for the quarter ended December 31, 2025, with revenue from operations falling to zero. The company recorded a net loss of ₹0.35 Lakhs, a significant narrowing from the ₹42.92 Lakhs loss reported in the same quarter last year. This reduction in loss is primarily attributed to a massive cut in total expenditure, which dropped from ₹46.72 Lakhs to just ₹0.35 Lakhs. For the nine-month period, the company remains in the red with a total loss of ₹20.99 Lakhs.
- Revenue from operations dropped to ₹0.00 Lakhs in Q3 FY26 from ₹0.87 Lakhs in Q3 FY25.
- Net loss for the quarter narrowed to ₹0.35 Lakhs compared to ₹42.92 Lakhs in the previous year's corresponding quarter.
- Total expenses were drastically reduced to ₹0.35 Lakhs from ₹46.72 Lakhs year-on-year, with zero employee benefit expenses recorded this quarter.
- Nine-month total income fell to ₹3.03 Lakhs from ₹8.66 Lakhs in the previous year.
- Earnings Per Share (EPS) remained negative at ₹(0.0003) for the quarter.
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.
- 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
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.
- 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
LCC Infotech Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter and nine months ended December 31, 2025, the company processed all dematerialization requests within the stipulated 15-day timeframe. The physical share certificates received were duly verified, cancelled, and the name of the depository was substituted in the register of members. This is a standard procedural filing required by Indian stock exchanges to ensure regulatory compliance regarding share processing.
- Compliance certificate filed for the quarter and nine months ended December 31, 2025.
- Confirmation that dematerialization requests were processed and confirmed within 15 days.
- Physical security certificates were mutilated and cancelled after due verification by the depository participant.
- Register of members updated to reflect depositories as the registered owners for dematerialized shares.
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.
- 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.
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.
- 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
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.
- 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.
LCC Infotech Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's upcoming financial results. The closure pertains to the unaudited financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed until 48 hours after the results are officially declared to the exchanges.
- Trading window closure for designated persons starts on January 1, 2026
- Closure is related to the financial results for the quarter and nine months ended December 31, 2025
- Window will reopen 48 hours after the declaration of the unaudited financial results
- The specific date for the Board Meeting to approve results is yet to be announced
Financial Performance
Revenue Growth by Segment
The company operates primarily in the IT and training sector. Standalone revenue for H1 FY26 was INR 3.03 Lakhs, representing a 102% growth compared to INR 1.50 Lakhs in H1 FY25. However, Q2 FY26 revenue saw a sharp decline to INR 0.10 Lakhs from INR 2.93 Lakhs in Q1 FY26.
Geographic Revenue Split
Not disclosed in available documents, though operations are headquartered in Kolkata, West Bengal.
Profitability Margins
The company is currently loss-making. For H1 FY26, the total expenditure of INR 23.67 Lakhs significantly exceeded the total income of INR 3.03 Lakhs, resulting in a loss before tax of INR 20.63 Lakhs. The net loss for FY25 was INR 215.82 Lakhs.
EBITDA Margin
EBITDA remains negative as operating expenses (INR 23.67 Lakhs in H1 FY26) far outweigh revenue (INR 3.03 Lakhs). The operating cash flow before working capital changes for H1 FY26 was negative INR 16.17 Lakhs.
Credit Rating & Borrowing
Non-current borrowings increased significantly by 1,277% to INR 225.52 Lakhs as of September 30, 2025, compared to INR 16.37 Lakhs on March 31, 2025. Specific interest rates and credit ratings are not disclosed.
Operational Drivers
Raw Materials
Not applicable as the company provides IT services and training. The primary operational cost is 'Other Expenses' which amounted to INR 16.58 Lakhs in H1 FY26 (70% of total expenditure).
Raw Material Costs
Not applicable; however, employee benefit expenses were INR 2.40 Lakhs in H1 FY26, accounting for 10.1% of total expenditure.
Strategic Growth
Growth Strategy
The company is undergoing a management transition following a Share Purchase Agreement (SPA) dated July 24, 2024, where new acquirers Shreeram Bagla and Rachna Suman Shaw took control. The strategy involves focusing on upskilling and reskilling programs in emerging technologies like AI, IoT, and Cloud Computing to enhance job prospects for participants.
Products & Services
IT training programs, software development, hardware manufacturing, cloud computing, cybersecurity, and AI-based services.
Brand Portfolio
LCC Infotech.
New Products/Services
Focus on new training modules for Artificial Intelligence and Internet of Things (IoT) to adapt to changing job roles.
External Factors
Industry Trends
The IT industry is shifting toward AI, cloud computing, and cybersecurity. The company is positioning itself to capture this by offering training programs that help employees adapt to these new technologies, which are now crucial for business operations.
Competitive Landscape
The company faces intense competition from larger IT training institutes and online ed-tech platforms.
Competitive Moat
The company's moat is limited; it relies on its long-standing presence in the Kolkata region (established 1985) and its transition to new management to revitalize its service offerings.
Macro Economic Sensitivity
Highly sensitive to Indian economic developments and government regulations regarding education and IT tax regimes.
Consumer Behavior
Increasing preference for digital and remote learning is forcing a shift in how training services are delivered.
Geopolitical Risks
Global demand-supply conditions for IT services and changes in international trade relations could impact software development exports.
Regulatory & Governance
Industry Regulations
Compliance with the Companies Act 2013 and SEBI (LODR) Regulations 2015. The company underwent a Secretarial Audit for the year ended March 31, 2025.
Taxation Policy Impact
Subject to Indian corporate tax laws and GST; tax expense for H1 FY26 was nil due to losses.
Legal Contingencies
The company notes potential impacts from litigation and labor negotiations in its cautionary statement, though specific pending case values are not detailed in the provided financial notes.
Risk Analysis
Key Uncertainties
The primary uncertainty is the company's ability to achieve a turnaround under new management given the extremely low revenue base and significant accumulated losses of INR 24.85 Cr.
Geographic Concentration Risk
Operations appear concentrated in West Bengal, with the registered and corporate offices both located in Kolkata.
Third Party Dependencies
Dependency on the new promoters (Shreeram Bagla and Rachna Suman Shaw) to provide capital and strategic direction following the July 2024 acquisition.
Technology Obsolescence Risk
High risk of technology obsolescence in training modules if not updated to include AI and latest software frameworks.
Credit & Counterparty Risk
Trade receivables stood at INR 13.72 Lakhs as of September 30, 2025, which is high relative to the H1 revenue of INR 3.03 Lakhs, suggesting potential collection delays.