Monitoring Agency Report regarding Utilization of Fund received through Preferential Issue
LCCINFOTEC · price
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LCC Infotech Limited has filed its first Monitoring Agency Report for Q4 FY26, submitted by Brickwork Ratings India Private Limited. The company raised ₹121.76 crore through a preferential issue of equity shares and convertible warrants. Of this, only ₹42.55 crore has been received so far — ₹19.11 crore from equity allotment and ₹24.44 crore as 25% upfront payment for warrants (remaining ₹78.21 crore payable upon warrant exercise). The funds are allocated to Working Capital (₹95 crore) and General Corporate Purposes (₹26.76 crore). As of March 31, 2026, ₹42.52 crore was deployed for working capital and ₹0.02 crore for GCP, totalling ₹42.54 crore utilized. No deviations from stated objects were reported, and all government approvals were obtained.
The report confirms that proceeds are being utilized as per the offer document, with ₹52.48 crore remaining in working capital and ₹26.74 crore in GCP. The staggered receipt of warrant proceeds means further deployment will follow. For shareholders, this is a routine compliance filing indicating proper fund monitoring, with no red flags on utilization.