LCC Infotech Clears Path for Change of Control, Capital Expansion and Shift to Gujarat

LCC Infotech Ltd. ( (IN:LCCINFOTEC) ) has shared an update.

LCC Infotech Ltd.’s board has approved a substantial restructuring of the company’s capital and ownership, including an increase in authorised share capital from Rs 51 crore to Rs 80 crore, preferential issues of up to 4.2 crore equity shares and 22.56 crore convertible warrants via private placement, and amendments to its Memorandum of Association’s main object clause. In a key control move, promoter shareholders have entered into a share purchase agreement for the sale of up to 5.80 crore shares, representing 45.85% of the company’s paid-up equity capital, to acquirer Kunjit Maheshbhai Patel at Rs 3.55 per share, a transaction that will trigger an open offer to public shareholders under SEBI’s takeover regulations. The board has also approved shifting the company’s registered office from West Bengal to Gujarat, appointed Akhilkumar Dilipbhai Kotak as an additional executive director, and convened an extraordinary general meeting on 2 February 2026 to seek shareholder approvals, signaling a potential change of control and strategic realignment that could materially alter the company’s governance, geographic base and future growth trajectory.

More about LCC Infotech Ltd.

LCC Infotech Ltd. is an Indian information technology and training company, historically focused on IT education and related services, and currently listed on both the National Stock Exchange of India and BSE. The company operates through its registered office in Kolkata, West Bengal, with a stated emphasis on expanding and reshaping its business focus as reflected in recent changes to its corporate objects and capital structure.

Average Trading Volume: 38,464

Technical Sentiment Signal: Hold

Current Market Cap: 581.1M INR

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