LCC Infotech Limited — Board Meeting, 28-02-2025: Outcome of Board Meeting

The company has executed a share transfer agreement for the disposal of its entire stake in LCC Skills Ltd, amounting to 18,41,750 equity shares for a total consideration of ₹8.23 crore. Consequently, LCC Skills Ltd will no longer be a subsidiary of the company. The buyer, Mr. Sidharth Lakhotia, is identified as a promoter of both entities, and the transaction is categorized as a related party transaction conducted at arm's length. This strategic move is expected to streamline operations and may enhance shareholder value.