LCC Infotech Allots 20.6 Cr Convertible Warrants on Preferential Basis

LCC Infotech Limited's Board approved the allotment of 20,60,79,171 convertible warrants to 40 non-promoter allottees at Rs 4.55 each (face value Rs 2, premium Rs 2.55), aggregating Rs 93.77 crore, during a meeting on March 11, 2026, from 5:15 PM to 6:00 PM.

Allotment Terms

Each warrant converts into one equity share of Rs 2 face value upon payment of Rs 3.41 (75% of issue price) within 18 months; Rs 23.44 crore upfront (25%) has been received. No immediate change to paid-up capital occurs until conversion.

Key Allottees

Top recipients include Kushang Surendrakumar Thakkar (1.95 Cr warrants, 5.20%), Thakor Nayana Chandubhai (1.95 Cr, 5.20%), Aanshi Tradelink (1.95 Cr, 5.20%), and Dhruvi Dalsukhbhai Virani (1.20 Cr, 3.22%), all with nil pre-allotment holdings.

Shares of LCC Infotech Limited was last trading in BSE at Rs. 4.93 as compared to the previous close of Rs. 4.70. The total number of shares traded during the day was 2657 in over 5 trades.

The stock hit an intraday high of Rs. 4.93 and intraday low of 4.93. The net turnover during the day was Rs. 13099.00.

Source : Equity Bulls

Keywords

LCCInfotech INE938A01021 FundRaising ConvertibleWarrants PreferentialIssue