LCC Infotech Limited has informed the Exchange regarding Change in Auditors of the company.
LCCINFOTEC · price
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LCC Infotech Limited informed the exchanges that its Board has approved the appointment of M/s. V Jalan & Co. (FRN: 320010E) as the new Statutory Auditor, subject to shareholder approval at the upcoming AGM. The appointment is for a term of 5 consecutive years and is meant to fill a casual vacancy created by the resignation of the previous auditor, M/s. Budhia & Co. The new auditor is led by Mr. Vishal Jalan, an FCA with over 20 years of experience in audit, taxation, NBFC and bank audits. The decision was taken at the Board meeting held on August 8, 2025, based on the recommendation of the Audit Committee.
The mid-term change in statutory auditor may raise governance questions among investors, as the previous auditor resigned before completing their term. Shareholders should watch for the detailed reasons for the previous auditor's exit, which are expected to be disclosed separately as per SEBI requirements.