News Corporate Actions LCC Infotech Limited Completes Allotment of 20.61 Crore Convertible WarrantsLCC Infotech Limited Completes Allotment of 20.61 Crore Convertible Warrants
LCC Infotech Limited has completed the allotment of 20,60,79,171 convertible warrants on preferential basis to 40 non-promoter investors at Rs. 4.55 per warrant. The company raised Rs. 23.44 crores as warrant subscription price, with major allocations going to Kushang Surendrakumar Thakkar, Thakor Nayana Chandubhai, and Aanshi Tradelink. The warrants are convertible into equity shares within 18 months upon payment of remaining 75% consideration.
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LCC Infotech Limited has announced the successful completion of its convertible warrants allotment on preferential basis. The Board of Directors approved the allotment of 20,60,79,171 convertible warrants to 40 non-promoter investors during their meeting held on 11th March 2026. The meeting commenced at 05:15 PM and concluded at 06:00 PM.
Warrant Allotment Details
The convertible warrants were issued at a price of Rs. 4.55 per warrant, comprising a face value of Rs. 2.00 and a premium of Rs. 2.55. The company received an aggregate amount of Rs. 23,44,15,058 as warrant subscription price, calculated at Rs. 1.1375 per warrant, representing 25% of the total issue price.
| Parameter: | Details |
|---|---|
| Total Warrants Allotted: | 20,60,79,171 |
| Issue Price per Warrant: | Rs. 4.55 |
| Face Value: | Rs. 2.00 |
| Premium: | Rs. 2.55 |
| Subscription Amount Received: | Rs. 23,44,15,058 |
| Number of Allottees: | 40 |
| Category: | Non-Promoter |
Conversion Terms and Timeline
Each convertible warrant is exchangeable for one fully paid-up equity share of the company. The warrant holders can exercise their conversion option by paying the remaining 75% of the issue price, amounting to Rs. 3.4125 per warrant. The conversion period extends for 18 months from the allotment date, and warrants can be exercised in one or more tranches during this timeframe.
Major Allottees
The warrants were distributed among various individual and institutional investors. The largest allocations went to Kushang Surendrakumar Thakkar, Thakor Nayana Chandubhai, and Aanshi Tradelink, each receiving 1,95,00,000 warrants. Other significant allottees include Dhruvi Dalsukhbhai Virani with 1,20,47,417 warrants and Vadith Tapadia with 1,15,00,000 warrants.
| Top Allottees: | Warrants Allocated | Post-Conversion Shareholding (%) |
|---|---|---|
| Kushang Surendrakumar Thakkar: | 1,95,00,000 | 5.20% |
| Thakor Nayana Chandubhai: | 1,95,00,000 | 5.20% |
| Aanshi Tradelink: | 1,95,00,000 | 5.20% |
| Dhruvi Dalsukhbhai Virani: | 1,20,47,417 | 3.22% |
| Vadith Tapadia: | 1,15,00,000 | 3.07% |
Regulatory Approvals
The warrant allotment received comprehensive regulatory clearances before execution. The Board of Directors initially approved the proposal on 3rd January 2026, followed by shareholder approval in the Extra Ordinary General Meeting held on 2nd February 2026. Both stock exchanges granted in-principle approvals on 26th February 2026 - BSE Limited through letter number LOD/PREF/KS/FIP/1777/2025-26 and National Stock Exchange through letter number NSE/LIST/52955.
Impact on Share Capital
Currently, the allotment of convertible warrants does not alter the company's paid-up share capital. The change in share capital will occur only upon conversion of the warrants into equity shares when warrant holders exercise their conversion rights and pay the remaining consideration of Rs. 3.4125 per warrant.
Historical Stock Returns for LCC Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.87% | +15.40% | -1.15% | +13.38% | -24.53% | -5.14% |
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