LCC Infotech Limited has submitted its mandatory quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026. The certificate was filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, demonstrating the company's adherence to regulatory requirements for dematerialized securities handling.

Regulatory Filing Details

The compliance certificate was submitted on April 8, 2026, to both the National Stock Exchange of India Limited and BSE Limited. Managing Director Shreeram Bagla digitally signed the submission, ensuring proper authorization and compliance with electronic filing requirements.

Registrar Confirmation

S.K. Infosolutions Pvt Limited, serving as the company's SEBI-approved registrar and share transfer agent, provided the required certification dated April 4, 2026. The registrar confirmed compliance with key regulatory requirements for dematerialization processes during the quarter.

The certification addressed several critical compliance areas:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where previously issued securities are traded
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners within the mandatory 15-day period

Regulatory Framework

The filing references multiple regulatory circulars that govern the dematerialization process. These include NSDL circular NSDL/CIR/II/5/2019 dated January 25, 2019, CDSL circular CDSL/OPS/RTA/POLCY/2019/14 dated January 25, 2019, and SEBI letter MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019.

Company Information

LCC Infotech Limited operates from its registered office at P-16, C.I.T. Road, Kolkata – 700014, with corporate office located at Chatterjee International Centre, Chowringhee Road, Kolkata. The company, incorporated in 1985 with CIN L72200WB1985PLC073196, has been in operation for over 30 years since 1984.

This quarterly compliance filing demonstrates LCC Infotech's commitment to maintaining regulatory standards and ensuring proper handling of investor securities through authorized depositories and transfer agents.

LCC Infotech Limited's open offer has been updated with significant revisions to pricing and schedule. Mr. Kunjit Maheshbhai Patel's acquisition of 4,38,34,271 equity shares representing 26.00% of the emerging voting share capital now proceeds at a revised offer price of ₹4.55 per share, up from the original ₹3.55.

Offer Price Revision and IDC Recommendation

The offer price has been revised from ₹3.55 to ₹4.55 per share to maintain consistency with the preferential issue pricing. The Independent Directors Committee (IDC) comprising Ramesh Kumar Pandey (Chairperson), Priti Lakhotia (Member), and Chanchal Kedia (Member) has endorsed this revised pricing.

The IDC approved their recommendation on March 28, 2026, and published it on March 30, 2026, stating that the offer price is fair and reasonable in line with SEBI (SAST) Regulations.

Preferential Issue and Corporate Actions

The Board of Directors authorized a preferential allotment of 4,20,00,000 equity shares at ₹4.55 per share, representing 24.91% of emerging voting share capital for aggregate consideration of ₹19,11,00,000. NSE and BSE granted in-principle approval on February 26, 2026.

Additionally, the company proposed 22,56,05,633 convertible warrants at ₹4.55 per warrant, with 20,60,79,171 warrants allotted to non-promoter public shareholders.

Revised Schedule and Key Dates

The offer timeline has been significantly revised following SEBI observations received on March 13, 2026. The Letter of Offer was dispatched on March 25, 2026, to shareholders as on the Identified Date of March 17, 2026.

Pricing Justification and Market Data

The offer price of ₹4.55 per share has been determined as per SEBI (SAST) Regulations 8(1) and 8(2), being the highest among various pricing parameters. The volume-weighted average market price for 60 trading days preceding the Public Announcement was ₹4.54.

Shareholding Pattern Impact

Post-acquisition, Mr. Kunjit Maheshbhai Patel will hold 14,38,76,628 shares representing 85.34% of the emerging voting share capital, while public shareholders will retain 2,47,16,722 shares (14.66%). The existing promoters Shreeram Bagla and Rachna Suman Shaw are parties to the share purchase agreement.

The company has 42,213 public shareholders as of March 13, 2026. This open offer provides an exit opportunity for public shareholders at a fair price determined through regulatory compliance and independent director assessment.