LCC Infotech Apologizes for Delay in Material Event Disclosure Due to Technical Issues

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LCC Infotech Apologizes for Delay in Material Event Disclosure Due to Technical Issues

Team Finance Saathi

03/Dec/2024

What's covered under the Article:

Reason for delay in disclosure: LCC Infotech cites technical issues and network failure as reasons for the delay in submitting the material event.
Commitment to compliance: The company assures that such delays will not occur in the future and will ensure timely submissions moving forward.
Impact on BSE filing: LCC Infotech's disclosure delay pertains to the scrip code 532019 and has been communicated to BSE.

LCC Infotech Limited, in response to an inquiry from the BSE regarding the delay in the disclosure of a material event, has issued a formal communication explaining the reasons behind the delay. According to the letter dated 3rd December 2024, the delay in filing was due to technical issues and network failure at the company's office, which prevented the timely submission of the announcement.

Apology and Assurance of Compliance

The company expressed regret for not making the disclosure within the mandated 24-hour timeframe and reassured the BSE that such delays would not occur in the future. The communication highlights the commitment of LCC Infotech to uphold proper compliance with the stock exchange’s regulations going forward.

The company's prompt acknowledgment of the issue reflects its proactive approach in maintaining transparency with the market and ensuring its future filings are completed on time.

Details of the Communication to BSE

In the letter addressed to the Listing Compliance Monitoring Team at BSE Limited, LCC Infotech clarified the scrip code for which the delay occurred, 532019, and attributed the delay to unforeseen technical issues. The company further emphasized that this was an isolated incident and assured that all future filings would be in strict adherence to the required timelines.

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LCC Infotech Apologizes for Delay in Material Event Disclosure Due to Technical Issues

Apology and Assurance of Compliance

Details of the Communication to BSE

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