Dear Shareholders,
Your Directors present the 40(th) Annual Report together with the Audited Accounts of your Company for the year ended 31(st) March, 2026
1. FINANCIAL RESULTS: The performance of your Company for the financial year ended March 31, 2026, is summarized below:
( Rs.in lakhs)
| FINANCIAL RESULTS | FY 2025-26 | FY 2024-25 |
| Total Revenue from Operations (Net) | 3.07 | 35.89 |
| Other Income | 1.45 | 16.41 |
| Total Expenditure (Excluding Depreciation) | 53.65 | 165.26 |
| Gross Profit/(Loss) | (49.35) | (113.99) |
| Less: Depreciation | 0.23 | 1.03 |
| Provision for Taxation | ||
| Earlier years Tax | ||
| Deferred Tax liabilities | 0 | 0 |
| Current Tax | 0 | 0 |
| Short/(Excess) Provision written back | 0 | 0 |
| MAT Credit | ||
| Profit/(Loss) after Tax (PAT) | (49.35) | (215.84) |
| Other Comprehensive Income | 0 | 0 |
| Total Comprehensive Income | (49.35) | (215.84) |
Considering the financial position and the challenges faced by the Company, your Directors have not recommended any dividend for the year under review.
There was no change in the capital structure of the Company. The paid-up Equity Share Capital was Rs. 3,371.867 lakh at the end of financial year 2025-26. The Company has not issued fresh shares or any convertible instruments during the year under review.
LCC is engaged in building skilled human capital and in enhancing workforce talent across the country. When it comes to Skills and Careers, the IT markets continue to offer significant growth opportunities for LCC. With our new products, business models, and the strengthened leadership team, LCC is well positioned to draw graduates seeking to improve their employability for jobs in these industries. LCC will continue to increase its focus on Deep Skilling as compared to entry level skills. With computers and IT all around us, the need to skilled computer hardware and networking professionals has been ever growing. LCC offers just the right set of programs for students at any stage. LCC will continue to persevere and deliver on promises made to shareowners as well as external and internal customers.
The provisions of section 135 of the Companies Act, 2013 regarding Corporate Social Responsibility are not applicable to the Company as none of the criteria as described under the said section were met during the last financial year.
Your Company has adequate risk management procedures, which are based upon business environment, operational controls and compliance procedures. The major risks are assessed through a systemic procedure of risk identification and classification. Risks are prioritized according to significance and likelihood. The business risk framework defines the risk management approach across the enterprise at various levels including documentation and reporting
Company has changed its Main object vide Resolution Passed in Extra Ordinary General Meeting (EGM) held on 02nd February,2026 and now the company is engaged in Production of Movies, Cinema/theatre/studio operations, film trading, TV advertising, and publishing, printing and distribution of books, magazines, periodicals and newspapers in India and abroad.
Your Company has a vigil mechanism policy for directors and employee to report instances and concerns about unethical behavior, actual or suspected fraud or violation of the Company Code of Conduct. The vigil mechanism is available on your company website viz. www.lccinfotech.in . Under this policy, we encourage our employees to report any reporting of fraudulent financial or other information to the stakeholders, any conduct that results in violation of the Companys Code of Business Conduct, to management (on an anonymous basis, if employees so desire).
Likewise, under this policy, we have prohibited discrimination, retaliation or harassment of any kind against any employees who, based on the employees reasonable belief that such conduct or practice have occurred or are occurring, reports that information or participates in the said investigation.
This meets the requirement under Section 177(9) and (10) of the Companies Act, 2013 and Regulation 22 of the Listing Regulations.
No individual in the Company has been denied access to the Audit Committee or its Chairman.
Your company has no Subsidiary as on financial year ended on 31st March 2026.
12. DIRECTORS, KEY MANAGERIAL PERSONNEL AND COMMITTEES The Board of Directors comprises of six directors as on March 31, 2026. Three of them are non-executive independent directors and out of which 3 are woman Director.
The composition of the board is as follows:
| Name | DIN | Category |
| Mr. Shreeram Bagla | 01895499 | Managing Director |
| Mrs. Rachna Suman Shaw | 10414115 | Wholetime Director |
| Mr. Akhilkumar Dilipbhai Kotak | 11462460 | Director |
| Ramesh Kumar Pandey | 10701968 | Independent Director (Non-Executive) |
| Priti Lakhotia | 07914837 | Independent Director (Non-Executive) |
| Chanchal Kedia | 03473849 | Independent Director (Non-Executive) |
In the opinion of the Board, the independent directors on the Board of the Company are persons with integrity, expertise and experience relevant to the operation of the Company and that they all have qualified in the online proficiency self-assessment test conducted by the prescribed institute.
During the year, the non-executive independent directors of the Company had no pecuniary relationship or transactions with the Company.
The criteria for selection of Directors and remuneration policy are disclosed in the Corporate Governance section which forms part of this Annual Report.
The details of programs or familiarization training of Independent Directors with the Company, their roles, right & responsibility, nature of the Industry in which Company operates and related matters are available on the Companys website www.lccinfotech.in
The Company has the following Key Managerial Personnel (KMPs) in compliance with the provisions of Section 203 of the Companies Act, 2013:
a) Mr. Shreeram Bagla, Managing Director b) Mr. Vineet Jain, (Upto: 05/03/2026) c) Mrs. Deepshikha Khandelwal (w.e.f.: 05/03/2026) Company Secretary
The Board of Directors of your Company met 15 (Fifteen) times during the year to deliberate the various matters. The meetings were held on 26-05-2025, 20-06-2025, 23-06-2025, 25-06-2025, 02-07-2025, 09-07-2025, 14-08-2025, 13-11-2025, 26-12-2025, 29-12-2025, 03-01-2026, 13-02-2026, 05-03-2026, 06-03-2026, 11-03-2026. Details of the attendance at the meeting of Board of Directors are provided in the Corporate Governance Report forming part of this Report. The intervening gap between two consecutive meetings was within the limit prescribed under the Companies Act, 2013.
The Company has an Internal Control System, Commensurate with the size of its operation. Internal Control System comprising of Policies and procedure are designed to ensure sound management of your companys operation safekeeping of its assets, optimal utilization of resources, reliability of its financial information and compliance.
15. BOARD EVALUATION
Pursuant to the provisions of the Act and Listing Regulations, the Board has carried out the Annual Performance Evaluation for itself, the Directors individually (including the Chairman of the Board), as well as the evaluation of the working of its Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee and Stakeholders Relationship Committee. A structured evaluation form was administered after taking into consideration the inputs received from the Directors, covering various aspects of the Boards functioning, such as the adequacy of the composition of the Board and its Committees, its effectiveness, ethics and compliances, the evaluation of the Companys performance, and internal control and audits. A separate exercise was carried out to evaluate the performance of individual Directors, including the Chairman of the Board, who were evaluated on parameters such as the level of engagement and contribution, effective participation in Board/Committee Meetings, independence of judgment, safeguarding the interest of the Company and its minority shareholders, providing expert advice to the Board, the Board Skills matrix, and contributing in deliberations while approving related party transactions.
The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy is stated in the Corporate Governance Report forming a part of this Annual Report.
17. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE ENDS OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT
Material changes and commitments affecting the financial position of the Company between the end of the financial year and date of this report are given below:
Except as disclosed elsewhere in the Report, no material changes and commitments which could affect the financial position of the Company have occurred between the end of the financial year of the Company to which the financial statements relate and the date of this Report.
The committee comprise of Three directors all being independent Directors. As on March 31, 2026, the details are as under:
i. Mr. Ramesh Kumar Pandey - Chairman - Non Executive and Independent director ii. Priti Lakhotia - Member - Non Executive and Independent director iii. Chanchal Kedia - Member - Non Executive and Independent director
Details of dates of meetings of Audit Committee and attendance thereat are provided in the Corporate Governance Report forming part of this Report. The intervening gap between two consecutive meetings was within the limit prescribed under the Companies Act, 2013 and SEBI LORD Regulations.
The committee consists of three directors all being independent directors. As on March 31, 2026, the details are as under:
i. Mr. Ramesh Kumar Pandey - Chairman - Non Executive and Independent director ii. Priti Lakhotia - Member - Non Executive and Independent director iii. Chanchal Kedia - Member Non Executive and Independent director
20. STAKEHOLDERS RELATIONSHIP COMMITTEE The committee consists of three directors two being independent directors and one Executive Director. As on March 31, 2026, the details are as under:
iv. Mr. Ramesh Kumar Pandey - Chairman - Non Executive and Independent director v. Priti Lakhotia - Member - Non Executive and Independent director vi. Chanchal Kedia- Member - Non Executive and Independent director
Details of the dates of meeting of Stakeholders Relationship Committee and attendance hereat, are provided in the Corporate Governance Report forming part of this Report. The intervening gap between meetings was within the limit prescribed under the Companies Act, 2013 and SEBI LODR Regulations.
In accordance with the provisions of Section 149(7) of the Companies Act, 2013, all the Independent Directors have given declarations that they meet the criteria of independence as laid down in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All Independent Directors have registered their name in the Independent Directors data bank and complied with Rule 6 of Companies (Appointment and Qualification of Directors) Rules, 2014.
In terms of Regulation 25(8) of the Listing Regulations, they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence. In terms of Regulation 25(9) of the Listing Regulations, the Board of Directors have assessed the veracity of the disclosures and confirmations made by the Independent Directors of the Company made under Regulation 25(8) of the Listing Regulations
Pursuant to the provisions of Section 134(5) of the Act, the Directors of your Company hereby state and confirm:
a) in the preparation of the annual financial statements for the year ended March 31, 2026, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any; b) the accounting policies as mentioned in Notes to the Financial Statements have been selected and applied consistently and judgment and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2026 and of the profit of the Company for the year ended on that date; c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) the Annual Accounts of your Company have been prepared on a going concern basis; e) your Company has laid down internal financial controls and that such internal financial controls are adequate and were operating effectively f) your Company has devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively
The Directors state that the applicable mandatory Secretarial Standards, i.e., SS-1: Secretarial Standard on Meetings of the Board of Directors and SS-2: Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India, have been duly followed by the Company.
M/s. Sarang Shivajirao Chavan and Associates. Chartered Accountants, Ahmedabad be and is hereby appointed as Statutory Auditors of the Company for a term of 5 (five) years to hold office from the conclusion of 40th Annual General Meeting (AGM) till the conclusion of 45th Annual General Meeting of the Company to be held in the year 2031, at such remuneration, as may be mutually agreed between the Board of Directors of the Company and the Statutory Auditors The Auditors Report is self-explanatory and therefore, do not call for any further comments. The Auditors Report does not contain any qualification, reservation or adverse remark.
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Md. Shahnawaz proprietor of M Shahnawaz & Associates a peer review firm, (CP No. 15076), Kolkata, as Secretarial Auditors of the Company to undertake the Secretarial Audit of the Company for the financial Year 2024-25. The Secretarial Audit Report is annexed herewith as Annexure - I. The Secretarial Audit Auditor report does not contain any observation.
Mr. Sunil Beriwal (Membership No. 055302) Chartered Accountant, was appointed as Internal Auditor to perform the duties of internal auditors of the Company and their internal audit report has been reviewed by the Audit Committee from time to time.
The Company being an IT & Software training company, the requirement of maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, and audit of cost records were not applicable to the Company during the year under review.
29. DISCLOSURE UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016)
During the year under review, neither any application was made nor any proceeding is pending against the Company under the Insolvency and Bankruptcy Code, 2016
There was no settlement by the Company with the Banks or Financial Institutions during the year under review, thus, the details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof are not applicable.
In compliance with the applicable provisions of the relevant Act and Listing Regulations, the Company has the following policies:
(i) Material Subsidiary Policy (ii) Criteria-for-making-payments-to-non-executive-directors (iii) Dividend Distribution Policy (iv) Terms And Conditions Of Appointment Of Independent Directors (v) Policy On Preservation Of Document (vi) Familiarization Program For Independent Directors (vii) Risk Management Plan (viii) Code of conduct for Director (ix) Policy on Related Party Transaction (x) Nomination and Remuneration Policy (xi) Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (xii) Vigil Mechanism Policy (xiii) Archival Policy (xiv) Policy on Insider Trading
In terms of the provisions of Section 92(3) of the Act read with the Companies (Management and Administration) Rules, 2014, an extract of the Annual Return MGT-7 of your Company for the financial year ended 31st March, 2026 is available of website of company i.e. www.lccinfotech.in
The Company has not given any guarantee for loans taken by others from bank or financial institutions. The loans and advances made by the Company are detailed in Note of the Annual financial statements. Further loan provided by the company and investment made by the company has been written off during the year and same has been disclosed in the notes to account of the company.
In terms of the provisions of Section 73 to 76 of the Act read with the relevant rules made thereunder, your Company has not accepted any deposit from the public during the year under review, and as such, no amount on account of principal or interest on public deposits were outstanding as on the date of the balance sheet.
The operation of the Company does not involve any activity relating to conservation of energy and technology absorption and also there were no foreign exchange earnings or outgo. Thus, the information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is not applicable to the Company during the year under review.
Your Company has not issued any shares with differential voting. Your Company has not issued any sweat equity shares. During the financial year ended March 31, 2026, no amount was transferred to the general reserve. The Companys Insider Trading Policy provides the framework for in dealing with securities of the Company by the insider.
The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed thereunder. The Company has set up Internal Complaint Committee (ICC) under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 along with its relevant Rules.
There was no complaint pending at the beginning of the FY2026. No complaints have been received by the Committee during the FY2026.
During the year under review, the Statutory Auditors and Internal Auditor have not reported any instances of fraud committed in the Company by its officers or employees to the Audit Committee under section 143(12) and Rule 13 of the Companies (Audit and Auditors) Rules, 2014 of the Companies Act, 2013.
The Company has adopted a Code of Conduct for Prevention of Insider Trading, in accordance with the requirements of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time.
The Company Secretary is the Compliance Officer for monitoring adherence to the said Regulations. The Code is displayed on the Companys website at www.lccinfotech.in
Our employees are our core resource and the Company has continuously evolved policies to strengthen its employee value proposition. The Company is constantly working on providing the best working environment to its Human Resources with a view to inculcate leadership, autonomy and towards this objective; your company spends large efforts on training. Your Company shall always place all necessary emphasis on continuous development of its Human Resources.
43. TRANSFER OF UNPAID AND UNCLAIMED AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
Pursuant to the application provisions of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (the IEPF Rules), all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF, established by the Government of India, after the completion of seven years. Further, according to the Rules, the shares on which dividend has not been paid or claimed by the shareholders for seven consecutive years, also to be transferred to the demat account of the IEPF Authority.
The Company has no unclaimed and unpaid dividend thus there is no corresponding shares due for transfer as per the as per the requirement of the IEPF rules.
In commitment to keeping in line with the Green Initiative and going beyond it to create new green initiations, an electronic copy of the Notice of the 40th Annual General Meeting of the Company along with a copy of the Annual Report is being sent to all Members whose email addresses are registered with the Company/ Depository Participant(s) and will is also available at the Companys website at www.lccinfotech.in
The Board of Directors of your Company express their deep sense of gratitude to the banks, financial institutions, stakeholders, business associates, and central and state governments for their support, and look forward to their continued assistance in the future. Your Company thanks its employees for their contribution to your Companys performance and applauds them for their superior levels of competence, dedication, and commitment to your Company.
Place: Ahmedabad Date: 8th May 2026
For and on behalf of board L C C Infotech Limited
s/d Shreeram Bagla Managing Director DIN 01895499
s/d Rachna Suman Shaw WTD DIN 10414115
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