Lippi Systems Ltd

AGM Details

• 33rd AGM held Sep 30, 2026 via VC/OAVM from 11:30 to 11:58 IST.
• Remote e-voting ran Sep 27–29, 2026, 9:00 a.m. to 5:00 p.m.
• Scrutinizer appointed for electronic voting.
• Quorum met; live webcast of proceedings provided.
• Record date for voting: Sep 23, 2026; total shareholders on record: 4971.
• VC attendance: 4 promoter group, 29 public.

Resolutions put to vote

• Ordinary: Adoption of Audited financial statements and reports.
• Ordinary: Appointment of Shivji Dholu by rotation.
• Ordinary: Appointment of M/s B K Patel & Co as Statutory Auditors.
• Special: Fill casual vacancy of Statutory Auditor due to resignation.
• Ordinary: Appointment of Mrs. Rupal Patel as Secretarial Auditor.
• Special: Regularization of Vinesh Dholu as Executive Director.
• Special: Regularization of Jagdish Dholu as Executive Director.
• Special: Appointment of Jagdish Dholu as Managing Director.
• Special: Regularization of Jaimish Patel as Non-Executive Independent Director.
• Special: Regularization of Mansi Shah as Non-Executive Independent Director.
• Ordinary: Regularization of Shivji Dholu as Non-Executive, Non-Independent Director.
• Special: Change of name to Nilkanth Resources Limited and MOA/MAA alteration.
• Special: Alteration of Main Objects Clause.
• Special: Adoption of Altered Memorandum of Association.
• Ordinary: Approval of Related Party Transactions under Section 188.
• Special: Loans/guarantees/investments up to ₹100 Cr under 186.
• Special: Borrowing limits and creation of charges under Section 180.

Voting results

• Voting results to be disclosed separately by stock exchange and on company site.
• No result details available in this document.

Appointments & Committee Changes

• Appointed Harilal Patel as Additional Director (Independent) for 5 years from Sept 29, 2026, subject to shareholder approval.
• Patel is not debarred from directorship per SEBI circular.
• Audit Committee reconstituted; Harilal Patel as Chairman with Jaimish Patel and Mansi Shah as Members.
• Nomination & Remuneration Committee reconstituted; Harilal Patel Chairman, with Jaimish Patel and Mansi Shah as Members.
• Stakeholders' Relationship Committee reconstituted; Harilal Patel Chairman, with Jaimish Patel and Mansi Shah as Members.
• Profile: FCA with 29+ years, Partner at M/s H R Patel and Associates.

Lippi Systems Limited – Closure of Trading Window from October 1, 2026 till 48 hours after the declaration of its Unaudited Financial Results for the quarter and half-year ended September 30, 2026

CFO resignation

• Gopalkrishna D. Sharma resigns as Chief Financial Officer.
• Cessation effective at close of business on September 21, 2026.
• Reason: resignation tendered pursuant to Open Offer completion and change in control.
• Resignation accepted by the Board.
• Company to appoint suitable replacement CFO; transition underway.

Transaction details

• Acquirers: promoter group — Vinesh Dholu; Jagdish Dholu; Shivji Dholu; Jagruti Dholu; Parul Dholu.
• Target: Lippi Systems Limited.
• Pre-transaction voting rights: 3,483,862 shares (49.77%).
• Acquired 85,107 shares (1.22%); off-market.
• Open Offer: 1,000 shares (0.01%), paid Aug 10, 2026; in escrow.
• Mode: off-market acquisition and Open Offer process.
• Dates: Sep 15–16, 2026; Aug 10, 2026.
• Post-transaction voting rights: 3,568,969 shares (50.99%).
• Equity share capital before/after: 70,00,000 shares (INR 7,00,00,000).
• Total diluted capital after: 1,35,00,000 shares (INR 13,50,00,000).

Disposal details under Reg 29(2)

• Target Company: Lippi Systems Limited.
• Disclosing Party: Kunal Nandlal Agrawal and Neha Sumit Sanghvi; both Public Shareholders, not promoter group.
• Transaction Type: Disposal/sale of 85,107 equity shares.
• Pre-Transaction Holding: Kunal 1,400 shares (0.02%); Neha 83,707 shares (1.20%).
• Transaction Details: Shares sold: Kunal 1,400; Neha 83,707; total 85,107; off-market.
• Post-Transaction Holding: Kunal 0 shares; Neha 0 shares.
• Dates of Transaction: 15 Sep 2026 and 16 Sep 2026.
• Share Capital Context: Pre/post equity capital INR 7,00,00,000 (70,00,000 shares).
• Share Capital Context: Diluted capital after: INR 13,50,00,000 (1,35,00,000 shares).

AGM Details

• Date: 30 September 2026, time 11:30 AM IST, VC/OAVM.

Corrigendum Purpose

• Amends Item No. 17 to set borrowing limit up to ₹50 crores.

Resolution Text & Explanatory Statement

• Original ₹500 crore limit corrected to ₹50 crore limit.

Voting and E-voting

• Remote e-voting period unchanged: 27–29 September 2026.

Change in official contact number

• Official contact number updated to +91 85113 35825.
• Old numbers no longer official: +91 079-35219264.
• Effective date: September 9, 2026.
• Stakeholders and investors are advised to update records accordingly.