Lippi Systems shareholders approve capital hike and warrants issue

Lippi Systems Limited shareholders have approved the increase in authorized share capital and the issue of convertible equity warrants on a preferential basis. The resolutions were passed with requisite majority at the Extra-Ordinary General Meeting (EGM) held on June 14, 2026. The company aims to strengthen its equity base through these capital restructuring measures.

The EGM was held at the company's registered office in Ahmedabad. Ms. Rupal Patel, Practicing Company Secretary, served as the Scrutinizer for the voting process. Remote e-voting was conducted from June 11, 2026, to June 13, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date for determining eligibility was June 07, 2026.

Voting Results

Both special resolutions were passed with 100% of the valid votes cast in favour. A total of 3,896,083 votes were polled, representing 55.66% of the total outstanding shares. There were no votes cast against the resolutions.

Sr. No.	Resolution Description	Votes in Favour	Votes Against	% of Valid Votes in Favour
1.	Increase in Authorized Share Capital and Alteration of Memorandum of Association	3,896,083	0	100.00%
2.	Issue of Convertible Equity Warrants on Preferential Basis	3,896,083	0	100.00%

Meeting Details

The meeting was chaired by Mr. Nandlal J. Agrawal, Managing Director. While 26 members were present in person or via proxy, 13 members holding 503,249 shares attended but did not vote. The Scrutinizer confirmed that the electronic voting data has been handed over to the Managing Director for safekeeping. The resolutions were passed as special resolutions, effective immediately.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.98%	+9.71%	+75.50%	+617.83%	+929.52%	+1,830.69%

Lippi Systems has amended the disclosure regarding the utilization of preferential issue proceeds ahead of its Extra Ordinary General Meeting (EGM) scheduled for June 14, 2026. The corrigendum, issued on June 05, 2026, provides a specific bifurcation of the total ₹36.946 crore funds, separating capital expenditure and working capital requirements which were previously combined.

The revised allocation designates ₹30.7514 crore to meet capital expenditure and ₹2.50 crore for working capital requirements. Additionally, ₹3.6946 crore has been earmarked for general corporate purposes. All utilization is tentatively scheduled to be completed by December 31, 2027.

Utilization of Proceeds

The company detailed the revised deployment of funds in a structured format submitted to the exchange.

Particulars	Total estimated amount to be utilized (Rs.)	Tentative Timelines for utilization of issue proceeds from the date of receipt of funds
To meet Capital Expenditure of the company	30.7514 Cr.	Upto 31st December, 2027
To meet Working Capital requirement of the company	2.50 Cr.	Upto 31st December, 2027
To utilize for General Corporate Purposes	3.6946 Cr.	Upto 31st December, 2027
Total	36.946 Cr.

The corrigendum clarifies that while the classification of objects has been modified, the total issue size remains ₹36.946 crore. There is no change to the terms of the preferential issue, the EGM date, the record date, or the remote e-voting period. The document notes that the specified amounts may deviate by +/- 10% depending on future circumstances, in line with BSE Notice No. 20221213-47 dated December 13, 2022.

The updated notice has been dispatched to shareholders and is available on the company's website and the stock exchange. The EGM will be held on Sunday, June 14, 2026, at 11:30 A.M. IST at the registered office in Ahmedabad.