LCC Infotech Promoters Pledge Shares in FY26

LCC Infotech has submitted its yearly disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The disclosure was filed with the National Stock Exchange of India Limited and BSE Limited, confirming that promoters have created encumbrances on shares held by them in the company during the financial year.

The filing, signed by Managing Director Shreeram Bagla, details the specific shares pledged by the promoters. It confirms that as of March 31, 2026, a portion of the shareholding held by the promoters was encumbered or pledged. The disclosure provides a breakdown of the shares held and the corresponding number of shares pledged by each promoter.

Share Pledge Details

The following table outlines the shareholding and pledge details for the promoters of LCC Infotech Limited:

SL No.	Name of Promoter	No. of Shares Held	No. of Share Pledge	Date of Pledge
1	Rachna Suman Shaw	29016791	48,00,000	July, 07, 2025
2	Shreeram Bagla	29025566	2,90,00,000	June, 11, 2025

The document was submitted on behalf of the promoters, including Rachna Suman Shaw and Shreeram Bagla. The disclosures are part of the regulatory compliance requirements mandated by SEBI for listed companies. The registered office of LCC Infotech is located at P-16, C.I.T. Road, Kolkata, while its corporate office is situated at Chatterjee International Centre in Kolkata.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.91%	+7.42%	-7.80%	+10.05%	-25.29%	+156.57%

A post-offer advertisement has been issued by Grow House Wealth Management Private Limited, the Manager to the Offer, on behalf of Mr. Kunjit Maheshbhai Patel (Acquirer), in connection with the open offer for the acquisition of equity shares of LCC Infotech Limited. The offer was made in compliance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The target company, LCC Infotech Limited, is a public limited company incorporated under the Companies Act, 1956, with its registered office at P-16, C.I.T. Road, P S Entally, Kolkata, West Bengal-700014.

Offer Overview

The open offer was for the acquisition of 4,38,34,271 (Four Crore Thirty-Eight Lakhs Thirty-Four Thousand Two Hundred Seventy-One) equity shares of the face value of Rs. 2/- each, constituting 26.00% of the Emerging Voting Share Capital of LCC Infotech Limited, at an offer price of ₹4.55/- per equity share. The offer was managed by Grow House Wealth Management Private Limited (SEBI Reg. No: INM000013262) and the Registrar to the Offer was Skyline Financial Services Private Limited.

The following table summarises the key offer details:

Parameter:	Details
Target Company:	LCC Infotech Limited
Acquirer:	Mr. Kunjit Maheshbhai Patel
Manager to the Offer:	Grow House Wealth Management Private Limited
Registrar to the Offer:	Skyline Financial Services Private Limited
Date of Opening of the Offer:	Monday, April 08, 2024
Date of Closing of the Offer:	Monday, April 22, 2024
Date of Payment of Consideration:	Friday, April 24, 2024
Offer Price:	₹4.55/- per equity share
Shares Offered (Proposed):	4,38,34,271 (26.00% of Emerging Voting Share Capital)

Acquisition Details: Proposed vs. Actuals

The post-offer advertisement discloses a significant divergence between the proposed and actual participation in the open offer. Against the proposed 4,38,34,271 shares, only 11,292 shares were tendered and accepted by public shareholders. The actual consideration paid for the tendered shares amounted to ₹51,378.60, compared to the proposed offer size of ₹19,94,45,934.

The following table presents the detailed comparison of proposed and actual acquisition figures:

Particulars:	Proposed	Actuals
Offer Price:	₹4.55/-	₹4.55/-
Aggregate Shares Tendered:	4,38,34,271	11,292
Aggregate Shares Accepted:	4,38,34,271	11,292
Size of the Offer:	₹19,94,45,934	₹51,378.60
Acquirer Shareholding Before PA (No. & %):	NIL (0.00%)	NIL (0.00%)
Shares via Share Purchase Agreement (SPA):	NIL (0.00%)	NIL (0.00%)
Shares via Preferential Allotment:	NIL (0.00%)	4,20,00,000 (24.91%)
Shares via Open Offer:	14,38,76,628 (85.34%)	11,292 (0.007%)
Shares Acquired After Detailed Public Statement:	Nil	Nil
Post-Offer Shareholding of Acquirer (No.):	14,38,76,628	4,20,11,292
Post-Offer Shareholding of Acquirer (%):	85.34%	24.92%

Pre and Post Offer Shareholding of Public Shareholders

The shareholding of public shareholders before and after the offer is detailed below:

Particulars:	Pre-Offer (Proposed)	Post-Offer (Proposed)	Pre-Offer (Actuals)	Post-Offer (Actuals)
Number of Equity Shares:	6,85,50,993	0.00	6,85,50,993	6,85,39,701
% of Emerging Voting Share Capital:	40.67%	0.00	40.67%	40.65%

Regulatory Compliance and Post-Offer Steps

The post-offer advertisement notes the following key regulatory actions:

In accordance with Regulation 22(2) of the SEBI (SAST) Regulations, on January 03, 2024, the Acquirer consummated the SPA, wherein the Sellers transferred the SPA Shares to the Acquirer post completion of the open offer.
In accordance with Regulation 31A(10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Acquirer will be reclassified as the promoter of the Target Company.

The post-offer advertisement is accessible on the websites of SEBI ( www.sebi.gov.in ), BSE ( www.bseindia.com ), the Manager ( www.growhousewealth.com ), and the Registrar ( www.skylinerta.com ). The advertisement was issued on behalf of the Acquirer and signed by Mr. Kunjit Maheshbhai Patel from Ahmedabad, dated May 01, 2024.