BSECompany Update2d ago · 13 Aug 2026, 08:55 pm
Monitoring Agency Report regarding Utilization of Fund received through Preferential Issue
LCC Infotech Ltd · 532019
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LCC Infotech Ltd has received a monitoring agency report from Brickwork Ratings India Private Limited regarding the utilization of funds raised through a preferential issue of equity shares and convertible warrants. The report states that the funds have been fully utilized for the purposes stated in the offer documents.
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LCC Infotech Ltd - 532019 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Date: August 13,2026
Script Code:532019 Symbol:LCCINFOTEC
BSE Limited National Stock Exchange of India Limited
Phiroz Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai-400001 Mumbai-400051
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)
Dear Sir/Madam,
In terms of Regulation 32(6) of the SEBI LODR Regulations, we enclose herewith the Monitoring
Agency Report dated August 13, 2026, issued by Brickwork Ratings India Private Limited, with
respect to the utilization of proceeds, raised by the Company through preferential issue.
In terms of the said Monitoring Agency Report, the proceeds from the preferential issue have been
fully utilized by the Company for the purposes stated in the offer documents.
You are requested to take the above on record.
Yours Truly
For, LCC Infotech Limited
Deepshikha Khandelwal
Company Secretary
CIN: L90009GJ1985PLC180093
Registered Office: 701,7th Floor, Silicon Tower,
B/h Samartheshwar Mahadev, Law Garden, Ellisbridge
Ahmedabad, Gujarat, India-380006
Email: corporate@lccinfotech.co.in, URL: www.lccinfotech.in
Monitoring Agency Report for
LCC Infotech Limited
for the quarter ended
June 30, 2026
No. BWR/2026-27/IPM/LIL/02
August 13, 2026
Mr. Shreeram Bagla
Managing Director
LCC Infotech Limited
701 7th Floor, Silicon Tower,
Behind Samartheshwar Mahdev,
Law Garden Ellisbridge,
Ahmedabad, Gujarat, India, 380006
Dear Sir,
Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Right Issue of Equity Shares issue of LCC Infotech Limited “The company”
Pursuant to Regulation (162A) of the SEBI Issue of Capital and Disclosure Requirements
Regulations, 2018 (SEBI ICDR Regulations) amended as on March 8, 2025, and Monitoring
Agency Engagement Letter dated January 30, 2026, Brickwork Ratings (BWR) has prepared the
Second Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards
utilisation of proceeds of funds raised, for the quarter ended June 30, 2026.
The funds raised by the Company were through Preferential Issue of Equity Shares and Fully
convertible equity Warrant with total size of Rs 121.76 crore out of which Rs 19.11 Crore related
to Equity Shares and Rs 24.44 crore related to Convertible Warrant was received through
allotment.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30,
2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated March 12,
2026.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: LCC Infotech Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Brickworks Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest
in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
subsequent to the MA submitting their report to the issuer and before dissemination of the report through
stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for
such comments of the issuer’s Management/Board.
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
1) Issuer Details:
Name of the issuer: LCC Infotech Limited
Names of the promoter: Kunjit Maheshbhai Patel
Industry / sector to which it belongs: IT Education and Vocational Skill Development
2) Issue Details:
Issue period: February 27,2026, to March 06, 2026 (For Equity)
February 27,2026 to March 11, 2026(For Warrants)
Type of issue (public/ rights): Preferential issue of Equity Shares and Warrants
Type of specified securities: Equity Shares and Convertible Warrants
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 121.76
Total
Value as per Amount
Number
Particulars Price (₹) Offer Document Received
(₹ Crore) (₹ Crore)
Securities
Preferential Issue of Equity Shares 42000000 4.55 19.11 19.11
Preferential Issue of Convertible Warrants 225605633 4.55 102.65 24.44
Total 5471101 121.76 42.55
Note: The amount of Rs. 24.44 crore is received for 25% of the allotment amount for Convertible
Warrant. The remaining amount will be received at the time of exercise of the right attached to the
Convertible Warrant.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
information /
certifications
Comments of
considered by Comments of
Particulars Reply Board of
Monitoring Monitoring Agency
Directors
Agency for
preparation of
report
Bank
Statements,
Whether all utilization is as per the
Yes Company’s Nil No Comments
disclosures in the Offer Document?
letter, CA
Certificate
Whether shareholder approval has
been obtained in case of material Not
Nil Nil No Comments
deviations# from expenditures Applicable
disclosed in the Offer Document?
Whether the means of finance for
the disclosed objects of the issue No Nil Nil No Comments
has changed?
Is there any major deviation
observed over the earlier Nil Nil No Comments
Applicable
monitoring agency reports?
Whether all Government/statutory
approvals related to the object(s) Yes Company’s letter Nil No Comments
have been obtained?
Whether all arrangements
pertaining to technical Not
Nil Nil No Comments
assistance/collaboration are in Applicable
operation?
Are there any favourable events
improving the viability of these No Company’s letter Nil No Comments
object(s)?
Are there any unfavourable events
affecting the viability of the No Company’s letter Nil No Comments
object(s)?
Is there any other relevant
information that
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