LCC Infotech has scheduled its 40th Annual General Meeting for September 30, 2026. Key agenda items include a major strategic pivot into the salt and agro-processing sectors, the appointment of new statutory auditors, and approval for significant related-party loan transactions. While the company reported a narrowed net loss of Rs 49.35 lakh for FY 2025-26, operational revenue remained minimal at Rs 3.07 lakh. Shareholders will vote on expanding the company’s business objects to facilitate these new operations.
LCC Infotech Plans Major Business Pivot at Upcoming AGM
LCC Infotech reported a net loss of Rs 49.35 lakh for FY 2025-26, down from Rs 215.84 lakh in the previous fiscal year. Revenue from operations for the period stood at Rs 3.07 lakh compared to Rs 35.89 lakh in FY 2024-25.
Reader Takeaway: Company seeks pivot to salt and agro-processing while battling thin revenues and persistent net losses.
What just happened
LCC Infotech has officially called for its 40th Annual General Meeting to be held via video conferencing on September 30, 2026. The board is seeking shareholder approval to significantly alter the company's object clause. This shift aims to move the company into the manufacturing, processing, and trading of salt—including common, industrial, and edible varieties—as well as the trading of agro and food products such as spices, grains, and pulses. This follows a previous shift into film production and publishing.
Why this matters
The proposal represents a major departure from the firm's historical focus on IT training. With operational revenue falling significantly to Rs 3.07 lakh this fiscal year, the board is looking to new sectors to revitalize growth. Shareholders will also be asked to approve material related-party transactions, specifically loans totaling over Rs 1,000 lakh provided by promoters and key management personnel, including Mr. Shreeram Bagla and Mrs. Rachna Suman Shaw.
Governance and Auditor Update
The company is moving to appoint M/s. Sarang Shivajirao Chavan and Associates as new statutory auditors for a five-year tenure. Additionally, the company formalized the appointment of Ms. Deepshikha Khandelwal as the new Company Secretary and Compliance Officer, effective March 5, 2026.
What to track next
Investors should closely watch the outcome of the AGM regarding the business object alteration. The transition into agro-processing and salt requires significant capital and operational expertise, which will be a focal point for long-term sustainability given the recent financial performance.