LCC Infotech Limited has informed the Exchange regarding Cessation of sidharth lakhotia as WTD of the company w.e.f. July 02, 2025.
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LCC Infotech Limited has informed the exchanges that its Board accepted the resignation of Mr. Sidharth Lakhotia as Whole Time Director with effect from July 2, 2025. In his resignation letter, Mr. Lakhotia stated the reason as 'change of management post completion of the Open Offer under SEBI (SAST) Regulations, 2011', indicating a recent takeover or change in control of the company. The board meeting was held on the same day from 12 PM to 1 PM. Shreeram Bagla continues as Managing Director, and the brief profile/disclosure details for the outgoing director are marked as N.A.
The resignation is directly tied to a change of control following an open offer, which is a material event for shareholders and may lead to further board changes, strategy shifts, or restructuring as the new management takes charge. Investors should monitor for additional disclosures about the new promoters and any changes to business direction.