LCC Infotech Open Offer Concludes: Acquirer Kunjit Maheshbhai Patel Accepts 11,292 Shares at ₹4.55 Per Share

A post-offer advertisement has been issued by Grow House Wealth Management Private Limited, the Manager to the Offer, on behalf of Mr. Kunjit Maheshbhai Patel (Acquirer), in connection with the open offer for the acquisition of equity shares of LCC Infotech Limited. The offer was made in compliance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The target company, LCC Infotech Limited, is a public limited company incorporated under the Companies Act, 1956, with its registered office at P-16, C.I.T. Road, P S Entally, Kolkata, West Bengal-700014.

Offer Overview

The open offer was for the acquisition of 4,38,34,271 (Four Crore Thirty-Eight Lakhs Thirty-Four Thousand Two Hundred Seventy-One) equity shares of the face value of Rs. 2/- each, constituting 26.00% of the Emerging Voting Share Capital of LCC Infotech Limited, at an offer price of ₹4.55/- per equity share. The offer was managed by Grow House Wealth Management Private Limited (SEBI Reg. No: INM000013262) and the Registrar to the Offer was Skyline Financial Services Private Limited.

The following table summarises the key offer details:

Parameter: Details Target Company: LCC Infotech Limited Acquirer: Mr. Kunjit Maheshbhai Patel Manager to the Offer: Grow House Wealth Management Private Limited Registrar to the Offer: Skyline Financial Services Private Limited Date of Opening of the Offer: Monday, April 08, 2024 Date of Closing of the Offer: Monday, April 22, 2024 Date of Payment of Consideration: Friday, April 24, 2024 Offer Price: ₹4.55/- per equity share Shares Offered (Proposed): 4,38,34,271 (26.00% of Emerging Voting Share Capital)

Acquisition Details: Proposed vs. Actuals

The post-offer advertisement discloses a significant divergence between the proposed and actual participation in the open offer. Against the proposed 4,38,34,271 shares, only 11,292 shares were tendered and accepted by public shareholders. The actual consideration paid for the tendered shares amounted to ₹51,378.60, compared to the proposed offer size of ₹19,94,45,934.

The following table presents the detailed comparison of proposed and actual acquisition figures:

Particulars: Proposed Actuals Offer Price: ₹4.55/- ₹4.55/- Aggregate Shares Tendered: 4,38,34,271 11,292 Aggregate Shares Accepted: 4,38,34,271 11,292 Size of the Offer: ₹19,94,45,934 ₹51,378.60 Acquirer Shareholding Before PA (No. & %): NIL (0.00%) NIL (0.00%) Shares via Share Purchase Agreement (SPA): NIL (0.00%) NIL (0.00%) Shares via Preferential Allotment: NIL (0.00%) 4,20,00,000 (24.91%) Shares via Open Offer: 14,38,76,628 (85.34%) 11,292 (0.007%) Shares Acquired After Detailed Public Statement: Nil Nil Post-Offer Shareholding of Acquirer (No.): 14,38,76,628 4,20,11,292 Post-Offer Shareholding of Acquirer (%): 85.34% 24.92%

Pre and Post Offer Shareholding of Public Shareholders

The shareholding of public shareholders before and after the offer is detailed below:

Particulars: Pre-Offer (Proposed) Post-Offer (Proposed) Pre-Offer (Actuals) Post-Offer (Actuals) Number of Equity Shares: 6,85,50,993 0.00 6,85,50,993 6,85,39,701 % of Emerging Voting Share Capital: 40.67% 0.00 40.67% 40.65%

Regulatory Compliance and Post-Offer Steps

The post-offer advertisement notes the following key regulatory actions:

In accordance with Regulation 22(2) of the SEBI (SAST) Regulations, on January 03, 2024, the Acquirer consummated the SPA, wherein the Sellers transferred the SPA Shares to the Acquirer post completion of the open offer.

In accordance with Regulation 31A(10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Acquirer will be reclassified as the promoter of the Target Company.

The post-offer advertisement is accessible on the websites of SEBI ( www.sebi.gov.in ), BSE ( www.bseindia.com ), the Manager ( www.growhousewealth.com ), and the Registrar ( www.skylinerta.com ). The advertisement was issued on behalf of the Acquirer and signed by Mr. Kunjit Maheshbhai Patel from Ahmedabad, dated May 01, 2024.

LCC Infotech Limited has disclosed to stock exchanges that it does not qualify as a 'Large Corporate' under the regulatory framework established by the Securities and Exchange Board of India (SEBI). The disclosure was made in compliance with specific SEBI guidelines regarding debt securities issuance by large entities.

Regulatory Compliance Disclosure

The company submitted its classification status to both the National Stock Exchange of India Limited and BSE Limited on April 8, 2026. The disclosure was made pursuant to SEBI Circular no. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023, which pertains to fund raising by issuance of debt securities by large entities.

Parameter: Details Disclosure Date: April 8, 2026 SEBI Circular Reference: SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 Circular Date: October 19, 2023 Classification Status: Not a Large Corporate Authorized Signatory: Shreeram Bagla, Managing Director

Corporate Structure and Leadership

The disclosure was signed by Shreeram Bagla, Managing Director of LCC Infotech Limited, bearing DIN 01895499. The document was digitally signed on April 8, 2026, at 15:52:55 +05'30, ensuring proper authentication and compliance with regulatory requirements.

Company Information

LCC Infotech Limited operates with its registered office located at P-16, C.I.T. Road, Kolkata – 700 014. The company's corporate office is situated at Chatterjee International Centre, 13th Floor, Room No. A-7, 33A, Chowringhee Road, Kolkata – 700071, West Bengal. The company has been operational for over 30 years since 1984, as indicated by its corporate branding.

The disclosure ensures transparency and regulatory compliance, allowing investors and stakeholders to understand the company's classification under SEBI's framework for debt securities issuance by large entities.

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