LCC Infotech Allots 4.2 Crore Equity Shares on Preferential Basis at ₹4.55
LCC Infotech Limited approved the allotment of 4.2 crore equity shares on a preferential basis at ₹4.55 per share. This preferential issue, totaling ₹19.11 crore, increases the company's paid-up equity share capital. Kunjit Maheshbhai Patel will become a Promoter post-allotment and open offer.
The preferential allotment of 4.2 crore equity shares and the subsequent increase in share capital, along with a change in promoter status, can have a notable impact on the company's financial structure and governance.
The company has successfully completed a preferential allotment of equity shares, which strengthens its capital base and potentially brings in a new promoter with significant stake and control.
LCC Infotech Limited announced the outcome of its Board Meeting held on March 6, 2026, where it approved the allotment of 4,20,00,000 (Four Crore Twenty Lakhs) equity shares on a preferential basis.
The allotment was made at a price of ₹4.55 per equity share, with a face value of ₹2 and a premium of ₹2.55 per share. This decision follows the approval from the Board of Directors on January 3, 2026, and the shareholders in an Extra Ordinary General Meeting (EGM) on February 2, 2026. The company also received in-principle approval from BSE Limited and the National Stock Exchange of India Limited on February 26, 2026.
Following this allotment, the company's paid-up equity share capital has increased from ₹25,31,86,700 (12,65,93,350 shares) to ₹33,71,86,700 (16,85,93,350 shares).
Notably, the allottee, Kunjit Maheshbhai Patel, will be classified as a Promoter of the Company post the allotment and completion of open offer formalities, as they will hold a substantial stake and acquire control and management of the Company. The total amount received for this allotment is ₹19,11,00,000.
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LCC Infotech Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by LCC Infotech Limited. Read the original for the full detail.