LCC Infotech Limited has successfully completed the allotment of 4,20,00,000 equity shares on a preferential basis, as announced through its board meeting outcome filed under Regulation 30 of SEBI (LODR) Regulations, 2015. The board meeting held on March 6, 2026, from 6:00 PM to 6:30 PM, formally approved the allotment following comprehensive regulatory approvals.

Allotment Details and Financial Impact

The company allotted 4,20,00,000 fully paid-up equity shares with a face value of Rs. 2.00 each at an issue price of Rs. 4.55 per share. This pricing structure includes a premium of Rs. 2.55 per share above the face value, generating total proceeds of Rs. 19,11,00,000 for the company.

Investor Profile and Shareholding Structure

The entire allotment was made to Kunjit Maheshbhai Patel (PAN: APLPP0167P), who was previously not a shareholder in the company. Following the allotment, Patel now holds 4,20,00,000 equity shares, representing a 24.91% stake in the company. The investor is currently classified as a non-promoter but is expected to be reclassified as a promoter following the completion of open offer formalities.

Capital Structure Enhancement

The preferential allotment has significantly strengthened LCC Infotech's capital base. The company's paid-up equity share capital increased from Rs. 25,31,86,700 to Rs. 33,71,86,700, while the total number of outstanding equity shares rose from 12,65,93,350 to 16,85,93,350.

Regulatory Compliance and Future Implications

The allotment was completed following comprehensive regulatory approvals. The board initially approved the preferential issue on January 3, 2026, followed by shareholder approval in an Extraordinary General Meeting held on February 2, 2026. Both BSE Limited (letter no. LOD/PREF/KS/FIP/1777/2025-26) and National Stock Exchange of India Limited (letter no. NSE/LIST/52955) granted in-principle approvals on February 26, 2026.

The preferential issue and associated Share Purchase Agreement will trigger open offer obligations. Upon completion of these formalities, the allottee is expected to acquire control and management of the company, leading to a reclassification as a promoter. The company has filed the detailed outcome with both NSE (Symbol: LCCINFOTEC) and BSE (Scrip Code: 532019) as required under regulatory guidelines.

LCC Infotech Limited has announced the outcome of its board meeting held on March 05, 2026, addressing key management changes and operational updates. The meeting, conducted from 04:30 PM to 05:00 PM, resulted in simultaneous appointment and resignation of the Company Secretary cum Compliance Officer position, along with office relocation decisions.

Board Meeting Resolutions

The board meeting transacted three primary business items under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has submitted detailed documentation to both National Stock Exchange of India Limited and BSE Limited as per regulatory requirements.

Company Secretary Transition

The board approved the appointment of Ms. Deepshikha Khandelwal as Company Secretary cum Compliance Officer, effective March 05, 2026, while simultaneously accepting the resignation of Mr. Vineet Jain from the same position due to personal reasons.

New Company Secretary Profile

Ms. Deepshikha Khandelwal brings qualified expertise to her new role as Company Secretary cum Compliance Officer. According to the official filing, she is a qualified Company Secretary from the Institute of Company Secretaries of India with more than 5 years of experience in compliance matters, Companies Act, and other corporate law related matters.

Resignation Details

Mr. Vineet Jain submitted his resignation letter dated March 05, 2026, citing personal reasons as the sole factor for his decision. In his resignation letter, he specifically mentioned that there were no other reasons for the resignation except personal circumstances. He expressed gratitude for the support and cooperation received during his tenure and requested immediate relief from Company Secretary duties.

Office Relocation Decision

The board approved shifting the company's book of accounts keeping location from the previous address at Primarc Tower, Block DN 36, Sector V, Floor 8, Unit 801, Bidhan Nagar CK Market, North 24 Parganas, Saltlake, West Bengal, India, 700091 to Office No. 701, Silicon Tower, Behind Samartheshwar Mahadev, Nr. Law Garden, Ahmedabad, Gujarat - 380006.

Regulatory Compliance

The company has fulfilled its disclosure obligations by submitting comprehensive documentation including detailed profiles and resignation letters to stock exchanges as required under SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015. Director Akhilkumar Kotak (DIN: 11462460) digitally signed all official documents on March 05, 2026.