Lippi Systems appoints Harilal Patel as independent director for five years
- Appointed Harilal Ratanshibhai Patel as Additional Independent Director for 5 years
- Effective date of appointment is September 29, 2026, subject to shareholder approval
- Patel to chair Audit, Nomination & Remuneration, and Stakeholders' committees
- Holds Fellow Chartered Accountant qualification with 29+ years of experience
*this image is generated using AI for illustrative purposes only.
Lippi Systems Limited appointed Harilal Ratanshibhai Patel as an Additional Director (Non-Executive, Independent) effective September 29, 2026. The appointment is for a term of five consecutive years, subject to shareholder approval.
The Board of Directors approved the appointment during its meeting held on September 29, 2026. Patel is a Fellow Chartered Accountant (FCA) with over 29 years of professional experience in statutory audit, taxation, and corporate finance. He serves as a Partner at M/s H R Patel and Associates.
Committee reconstitution
Following the appointment, the Board approved the reconstitution of key committees effective September 29, 2026. Patel will chair the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee.
Audit committee composition
| Name | Category | Designation |
|---|---|---|
| Harilal Ratanshibhai Patel | Non-Executive Independent Director | Chairman |
| Jaimish Patel | Non-Executive Independent Director | Member |
| Mansi Hardik Shah | Non-Executive Independent Director | Member |
Nomination and remuneration committee
| Name | Category | Designation |
|---|---|---|
| Harilal Ratanshibhai Patel | Non-Executive Independent Director | Chairman |
| Jaimish Patel | Non-Executive Independent Director | Member |
| Mansi Hardik Shah | Non-Executive Independent Director | Member |
Stakeholders' relationship committee
| Name | Category | Designation |
|---|---|---|
| Harilal Ratanshibhai Patel | Non-Executive Independent Director | Chairman |
| Jaimish Patel | Non-Executive Independent Director | Member |
| Mansi Hardik Shah | Non-Executive Independent Director | Member |
Director profile and disclosures
Patel holds no shares in the company and is not related to any other director. He has been in full-time professional practice since February 1997. His expertise includes financial oversight, internal financial controls, risk assessment, and regulatory compliance.
The company affirmed that Patel is not debarred from holding the office of director by any order of the Securities and Exchange Board of India (SEBI) or other authorities. This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Lippi Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.66% | +1.86% | +533.23% | +690.20% | 0.0% |
How might Patel's concurrent chairmanship of the Audit, Nomination, and Stakeholders' Relationship Committees impact Lippi Systems' governance efficiency and potential conflicts of interest?
What specific changes to internal financial controls or audit procedures can investors expect under Patel's leadership of the Audit Committee?
Will the upcoming shareholder vote for Patel's appointment face any scrutiny regarding his concentration of committee chairmanships or his professional affiliations?
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