Investment6 Mar 2026, 07:55 pm
LCC Infotech Ltd Allots 4.2 Crore Equity Shares on Preferential Basis
AI Summary
LCC Infotech Ltd has allotted 4,20,00,000 (Four Crore Twenty Lakhs) Equity Shares on a preferential basis to certain identified persons. The shares, having a face value of Rs. 2/- each, were issued at a price of Rs. 4.55/- (Rupees Four and Fifty-Five Paisa Only) per Equity Share, including a premium of Rs. 2.55/- per share. This allotment increased the company's paid-up Equity Share Capital from Rs. 25,31,86,700/- to Rs. 33,71,86,700/-. The allottee, Kunjit Maheshbhai Patel, is a non-promoter who will become a promoter post the open offer formalities.
Key Highlights
- LCC Infotech Ltd allotted 4.2 crore equity shares on a preferential basis.
- The shares were issued at a price of Rs. 4.55 per share with a premium of Rs. 2.55.
- The allotment increased the company's paid-up Equity Share Capital from Rs. 25,31,86,700/- to Rs. 33,71,86,700/-.
- Kunjit Maheshbhai Patel, the allottee, is a non-promoter who will become a promoter post the open offer formalities.
- The allotment was made in accordance with the approval of the Board of Directors, members of the Company in the Extra Ordinary General Meeting (EGM), and regulatory bodies like BSE Limited and National Stock Exchange of India Limited.