Business Update13 Aug 2026, 09:01 pm
LCC Infotech Utilizes Full ₹121.76 Cr Preferential Issue Funds
AI Summary
LCC Infotech Ltd has confirmed the full utilization of funds raised through a preferential issue of equity shares and warrants. The total amount raised was ₹121.76 crore, with ₹19.11 crore from equity shares and ₹24.44 crore from convertible warrants. Brickwork Ratings India Private Limited, acting as the monitoring agency, issued a report dated August 13, 2026, for the quarter ended June 30, 2026. The report states that there were no deviations from the stated objects of the issue, and the proceeds have been fully utilized as per the offer documents and SEBI regulations. This report confirms the proper deployment of capital raised from investors.
Key Highlights
- LCC Infotech fully utilized ₹121.76 crore from preferential issue.
- Funds were raised via equity shares and convertible warrants.
- Monitoring agency confirms no deviation in fund utilization.
- Proceeds used for stated purposes as per offer documents.
- Report covers utilization for the quarter ended June 30, 2026.
Price Impact
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