Lippi Systems Limited shareholders approved the change of the company's name to Nilkanth Resources Limited during the 33rd Annual General Meeting held on September 30, 2026.

The meeting, conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), commenced at 11:30 am and concluded at 11:58 am. The agenda included the adoption of audited financial statements for FY26 and several resolutions regarding the appointment and regularization of directors and auditors.

Key resolutions passed

Shareholders passed multiple ordinary and special resolutions concerning corporate governance and operational authority. The most significant changes involve the company's identity and leadership structure.

• Name Change: Approval to change the company name from "Lippi Systems Limited" to "Nilkanth Resources Limited," along with the alteration of the Memorandum and Articles of Association.
• Director Appointments: Regularization of Mr. Vinesh Dholu as Executive Director and Mr. Jagdish Dholu as Managing Director. Additionally, Mr. Jaimish Patel and Ms. Mansi Hardik Shah were regularized as Non-Executive Independent Directors.
• Auditor Appointment: Appointment of M/s. B K Patel & Co., Chartered Accountants, as Statutory Auditors to fill a casual vacancy caused by the resignation of previous auditors.
• Financial Powers: Approval for granting loans, guarantees, securities, and investments up to ₹100 crore under Section 186 of the Companies Act, 2013.
• Borrowing Limits: Approval of limits for borrowing powers and creation of charges on company assets under Section 180 of the Companies Act, 2013.

Meeting details and participation

The meeting was chaired by Shri Vinesh Dholu, Executive Director. Remote e-voting facilities were available from September 27, 2026, to September 29, 2026. Mrs. Rupal Patel, a Practicing Company Secretary, served as the scrutinizer for the voting process.

The results of the e-voting will be disseminated separately to stock exchanges and uploaded on the company's website and CDSL platform.

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

Nomination and remuneration committee

Stakeholders' relationship committee

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.