Pleased to submit revised outcome of BM for resignation of Pratik Lakhotia-WTD & CFO
LCCINFOTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LCC Infotech Ltd has accepted the resignation of Mr. Pratik Lakhotia from the positions of Whole Time Director and Chief Financial Officer, effective 25th June 2025. In his resignation letter, Mr. Lakhotia stated the reason as the change of management following the completion of an Open Offer under SEBI's takeover regulations, indicating a takeover of the company. The filing to stock exchanges was resubmitted after the company missed the mandatory 7-day disclosure deadline, for which it has assured future compliance. The resignation leaves the CFO position vacant at a time when new management is settling in post the open offer process.
Shareholders should note a change in top management driven by a recent takeover; the departure of the CFO during a management transition may cause short-term uncertainty, though the new management is expected to fill the role soon.