Lippi Systems approves share capital hike and preferential issue

Lippi Systems Limited concluded its 01/2026-27 Extra-Ordinary General Meeting (EGM) on June 14, 2026, approving key resolutions to alter its capital structure. The meeting, held at the company's registered office in Ahmedabad, saw shareholders authorize an increase in the authorized share capital and the consequent alteration of the Memorandum of Association. Furthermore, the company secured approval for the issue of convertible equity warrants on a preferential basis for cash consideration, moves aimed at potentially strengthening its equity base.

The EGM was chaired by Mr. Nandlal J. Agrawal, Managing Director of the company. Ms. Apexa Panchal, Independent Director, chaired the proceedings for agenda items where Mr. Agrawal was deemed to be interested. The meeting commenced at 11:30 AM IST and concluded at 11:50 AM IST. The facility for remote e-voting was provided to shareholders from June 11, 2026, to June 13, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Passed

The board proposed two special resolutions, both passed via remote e-voting and physical poll. Ms. Rupal Patel, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the voting process. The combined results of the remote e-voting and the physical poll are scheduled to be announced within two working days of the EGM.

Sr. No.	Particulars	Mode of Voting	Type of Resolution
1.	Increase in the Authorized Share Capital and Consequent Alteration of Memorandum of Association	Remote E voting and Poll	Special Resolution
2.	Issue of Convertible Equity Warrants on a preferential basis for cash consideration	Remote E voting and Poll	Special Resolution

The company confirmed that there were no queries raised by the members during the meeting. Following the transaction of all agenda items, the Chairman declared the meeting concluded.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+33.98%	+172.53%	+472.52%	+523.08%	+998.12%

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.