Lippi Systems Limited has informed the stock exchanges that its board of directors will meet on Saturday, May 30, 2026. The meeting is scheduled to be held at the registered office of the company to discuss the financial performance for the recent period.

The primary agenda for the meeting is to consider and adopt the standalone audited financial results for the quarter and year ended March 31, 2026. This disclosure is being made in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The board will deliberate on the following specific business:

• To consider and adopt the Standalone Audited Financial Results for the Quarter & Year ended March 31, 2026.
• To consider and transact any other business, if any, which may be placed before the Board with the permission of the Chairman.

The intimation was signed by Nandlal J. Agrawal, Managing Director of Lippi Systems Limited , on May 25, 2026. The company has requested the exchange to take note of the meeting and update its records accordingly.

Lippi Systems Limited has scheduled an Extraordinary General Meeting (EGM) on June 25, 2024, to seek shareholder approval for a preferential issue of convertible equity warrants and alterations to its capital structure. The meeting will be held via video conferencing (VC) or other audio-visual means (OAVM) at 10:30 A.M. (IST).

The board proposes to issue up to 1,30,00,000 convertible equity warrants on a preferential basis to five individuals: Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamrashi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu. Currently classified as non-promoters, these individuals will transition to the promoter category following an open offer. The preferential allotment will significantly increase the promoter group's shareholding.

Utilization of Issue Proceeds

The company aims to raise approximately ₹36.946 crore through the issuance of these warrants. The funds are allocated to meet capital expenditure and working capital requirements, as well as for general corporate purposes. The tentative timeline for utilizing these proceeds extends up to December 31, 2027.

Changes in Shareholding Pattern

Following the preferential issue and the subsequent open offer, the total shareholding of the promoter group is expected to rise to 1,00,67,969 shares. This represents a substantial increase from the pre-issue holding of 36,17,769 shares. The total paid-up equity share capital of the company will consequently increase to 1,35,00,000 shares.

Agenda for the EGM

Shareholders will vote on two primary resolutions during the meeting. The first resolution concerns the increase in the authorized share capital and the consequent alteration of the Memorandum of Association. The second resolution seeks approval for the preferential issue of convertible equity warrants for cash consideration.

E-Voting Schedule

Members can cast their votes through e-voting. The e-voting period begins on June 22, 2024, at 09:00 A.M. and ends on June 24, 2024, at 05:00 P.M. The cut-off date for determining shareholder eligibility is June 16, 2024.