Lypsa Gems & Jewellery Limited has announced the successful completion of its postal ballot process conducted through remote e-voting, with three special resolutions receiving overwhelming shareholder approval. The voting period extended from February 12, 2026 at 09.00 A.M. (IST) to March 14, 2026 at 05.00 P.M. (IST), with Mrs. Rupal Patel, Practicing Company Secretary, serving as the scrutinizer.

Postal Ballot Overview

The postal ballot process was conducted in accordance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had 21703 shareholders on the record date of February 07, 2026, with voting participation from 1 promoter group member and 65 public shareholders.

Resolution Results

Resolution 1: Company Name Change

The first special resolution approved changing the company name from "Lypsa Gems & Jewellery Limited" to "Aurus Gem Corporation Limited" along with consequential amendments to the Memorandum of Association.

Resolution 2: Asset Disposal Approval

The second special resolution approved disposal of company assets under Section 180(1)(a) of the Companies Act, 2013.

Resolution 3: Director Appointment

The third special resolution approved the appointment of Mr. Rajesh Pravinchandra Rajyagor (DIN: 10855102) as Non-Executive Independent Director.

Scrutinizer's Certification

Mrs. Rupal Patel, the appointed scrutinizer, confirmed that all three resolutions were passed with the requisite majority. The scrutinizer's report validated the electronic voting process conducted through Central Depository Services (India) Limited (CDSL) platform. The postal ballot notice was dispatched on February 10, 2026, and advertisements were published in newspapers on February 12, 2026, in compliance with regulatory requirements.

The company's Managing Director, Dipan Babulal Patwa (DIN: 02579405), signed the voting results submission to BSE Limited, with the results also being uploaded on the company's website for stakeholder access.

Lypsa Gems & Jewellery Limited announced the outcome of its board meeting held on December 31, 2025, revealing significant corporate restructuring decisions that will require shareholder approval. The board convened at the company's registered office to deliberate on key strategic matters under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Major Board Decisions

The board approved several critical resolutions during the meeting that commenced at 1:00 p.m. and concluded at 3:00 p.m. The key decisions will reshape the company's corporate identity and asset structure.

Shareholder Approval Process

Both the proposed name change and land sale are subject to approval from shareholders through postal ballot and relevant statutory authorities. The board approved the draft notice for the postal ballot, which will be submitted to stock exchanges in compliance with SEBI Listing Regulations.

The company will distribute the postal ballot notice to eligible members via email, and the notice will be hosted on the company's website at www.lypsa.in . This process ensures transparent communication with shareholders regarding these significant corporate decisions.

Administrative Appointments

The board appointed Mrs. Rupal Patel, a practicing Company Secretary, as the scrutinizer for the postal ballot process. This appointment ensures proper oversight and compliance during the shareholder voting process.

Additionally, the board discussed the proposal for appointing an internal auditor but decided to defer this decision for future consideration after further deliberation.

Corporate Structure Changes

The proposed name change from Lypsa Gems & Jewellery Limited to Aurus Gem Corporation Limited will require consequent amendments to the name clause of the company's Memorandum of Association. This change reflects the company's strategic direction and corporate rebranding initiative.

The land sale approval under Section 180(1)(a) of the Companies Act, 2013, represents a significant asset restructuring decision that will impact the company's asset base and potentially provide capital for future operations.