This study explores the complexation and fluorescence quenching of lumichrome (LC), a structural analogue of the biologically important flavin molecules, with a macrocyclic host, p-sulfonatocalix[6]arene (SCX6). It is revealed that the fluorescence quenching involves both static and dynamic interactions and occurs due to photoinduced electron transfer (PET) from the SCX6 host to the excited LC guest. The static quenching constant obtained from the modified Stern-Volmer relationship is in good agreement with the binding affinity of SCX6 with LC. Thermodynamic parameters obtained from the binding isotherms reveal that the SCX6-LC interaction is accompanied by entropy loss, which is consistent with the restriction imposed on the flexibility of the host and guest due to complex formation. Laser flash photolysis studies indicate that PET from SCX6 to LC is followed by proton abstraction by LC from the host or from the medium, to generate the corresponding radical species. The present results help in understanding the fluorescence quenching effect of p-sulfonatocalix[n]arene hosts that is widely exploited in designing fluorescence-based assays. Further, the prolonged lifetimes of the radicals in the SCX6-LC system underlines the notable role of macrocycles in the stabilization of radical intermediates in solution.