Lippi Systems has updated its official contact number to +91 85113 35825, effective September 9, 2025. The company notified the BSE of this change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The new number replaces the previous official contact number, +91 079-35219264, which is no longer associated with the company. Stakeholders and investors are advised to update their records accordingly.

Contact Details Update

Jagdish Dholu, Managing Director of Lippi Systems, signed the intimation filed with the BSE Listing Department on September 9, 2025. The filing confirms that the old number should not be considered an official contact point moving forward.

Lippi Systems Limited will hold its 33rd Annual General Meeting on September 30, 2026, seeking shareholder approval for a strategic pivot into the mining sector. The company proposes changing its name to Nilkanth Resources Limited and altering its main objects clause to focus on bentonite and industrial minerals.

The transition follows a change in management control after the new promoters completed an open offer under SEBI SAST regulations. The Board has requested a special resolution to increase the borrowing limit to ₹500 crore and approve related-party transactions up to ₹105 crore annually for five years.

Financial Performance

The company reported no net sales for FY26, as it ceased manufacturing operations after selling its plant and machinery in FY22. However, it posted a net profit of ₹377.97 lakh, a significant turnaround from a loss of ₹74.23 lakh in FY25.

What the Numbers Show

The profit turnaround was driven entirely by non-operating income rather than core business activity. Other income surged to ₹799.39 lakh from ₹53.82 lakh in the prior year, primarily due to a ₹732.35 lakh gain on the sale of fixed assets. This indicates the company is liquidating its remaining assets while preparing for its new operational direction.

Corporate Governance Changes

The AGM agenda includes regularizing the appointments of Mr. Vinesh Dholu as Executive Director and Mr. Jagdish Dholu as Managing Director. Both were appointed by the Board on August 27, 2026. Mr. Jagdish Dholu will serve as MD for five years on nil remuneration.

The company also seeks approval to appoint M/s. B K Patel & Co. as statutory auditors for five years, replacing M/s. Ashok Dhariwal & Co., who resigned. Additionally, Mrs. Rupal Patel is proposed as the secretarial auditor for five years starting FY27.

Capital Structure and Borrowing

The Board has authorized an increase in authorized share capital from ₹10 crore to ₹15 crore. It also proposes issuing 65 lakh warrants convertible into equity shares at ₹56.84 per warrant. To fund future mining projects, shareholders are asked to approve loans, guarantees, and investments up to ₹100 crore under Section 186 of the Companies Act.