LCC Infotech Reports Q2 Results; Changes Made to Statutory Auditor as of August 14, 2026
LCC Infotech Limited has released its Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company's Board of Directors also approved key changes concerning the appointment of a new Statutory Auditor following the resignation of the previous firm.The management of LCC Infotech confirmed that the board meeting held on August 14, 2026, resulted in two significant actions related to the audit function: the appointment of M/s Sarang Shivajirao Chavan and Associates and the recording of the resignation of M/s V Jalan & Co.
Financial Performance Summary
The financial results for the quarter ending June 30, 2026, show specific performance indicators across various income and expense categories. The figures are available in lakhs (unaudited) and per share data (audited).Key financial highlights from the period include:
- Total Income (a+b) stood at 0.00 in the quarter ended June 30, 2026, compared to 1.49 lakh in the previous quarter ended March 31, 2026, and 2.93 lakh in the year ended June 30, 2025.
- Total Expenses (a+b+c+d+e+f) were recorded at 12.18 lakhs for the quarter ended June 30, 2026, and stood at 29.86 lakhs in the previous quarter.
- Profit/Loss after Tax before Exceptional items was reported as -12.18 lakhs.
The financial performance data across different reporting periods is detailed below:
| Particulars | Qtr Ended June 30, 2026 (Unaudited) | Qtr Ended March 31, 2026 (Audited) | Yr Ended June 30, 2025 (Unaudited) | Qtr Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income (a+b) | 0.00 | 1.49 | 2.93 | 4.53 |
| Total Expenses (a+b+c+d+e+f) | 12.18 | 29.86 | 17.47 | 53.88 |
| Profit/(Loss) after Tax before Exceptional items | -12.18 | -28.36 | -14.54 | -49.35 |
Changes in Statutory Auditorship
The company announced the change in its statutory audit firm effective August 14, 2026. M/s V Jalan & Co., Chartered Accountants (Firm's Registration No. 320010E), resigned from the position of Statutory Auditor due to pre-occupation in other professional work.In response to this change, the Board of Directors approved the appointment of M/s Sarang Shivajirao Chavan and Associates, Chartered Accountants (Firm Registration No. 159649W). The new firm has been appointed as the Statutory Auditors until the conclusion of the ensuing General Meeting of the Company.
Fund Raising Details
LCC Infotech reported on the utilization of funds raised through a Preferential Issue of Equity Shares and Warrants, which occurred on March 07, 2026. The total amount raised was Rs. 12176.00 lakhs.The company confirmed that there is no deviation or variation in the use of the funds raised during the quarter ended June 30, 2026. The original objects for which the funds were raised included working capital requirements, purchase of land for a movie studio, film production-related expenses, and general corporate purposes.
LCCINFOTEC Stock Price Movement
Today, LCC Infotech Limited shares edged higher, closing at ₹3.92 after gaining 0.77% in trading. The stock saw a modest volume of 33,273 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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