LCC Infotech's Statutory Auditors Budhia & Co Resign Due to Other Work Commitments

LCC Infotech Limited announced the resignation of its statutory auditors, M/s Budhia & Co, Chartered Accountants, effective July 24, 2025. The auditing firm cited their inability to continue due to pre-occupation with other assignments and insufficient time to devote to the company's affairs.

Auditor Appointment and Resignation Details

Budhia & Co, appointed on June 28, 2024, was originally scheduled to serve until September 29, 2029. However, their tenure has been cut short by this unexpected resignation. The auditors submitted their most recent audit report for the financial year 2024-25 on May 26, 2025.

Transition Period and Ongoing Commitments

Despite their resignation, Budhia & Co has agreed to complete the limited review assignment for the first quarter ending June 2025. This commitment ensures a smoother transition for LCC Infotech as they search for new statutory auditors.

Official Communication and Compliance

In compliance with regulatory requirements, LCC Infotech Limited has formally notified both the BSE Limited and the National Stock Exchange of India Limited about this development. The company's disclosure adheres to Regulation 30 of the SEBI Listing Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019.

Auditor's Statement

In their resignation letter dated July 23, 2025, Budhia & Co stated, "Due to our pre-occupation in other assignments, we are not in a position to devote our time to the affairs of the Company." The firm's representative, Manoj Kumar Budhia, confirmed that there are no other material reasons for their resignation beyond those stated.

Company Response

LCC Infotech's Company Secretary, Vineet Jain, acknowledged the auditor's resignation in the official intimation to the stock exchanges. The company will now begin the process of appointing new statutory auditors to ensure continued compliance with regulatory requirements.

This development marks an unexpected change for LCC Infotech, and stakeholders will likely monitor how the company manages this transition and selects its new auditors.