Lypsa Gems & Jewellery Limited conducted its annual independent directors meeting on March 23, 2026, fulfilling mandatory regulatory requirements under the Securities and Exchange Board of India (LODR) Regulations, 2015. The meeting was held at the company's registered office and lasted from 01.00 P.M. to 03.00 P.M.

Meeting Details and Regulatory Compliance

The independent directors meeting was conducted pursuant to Regulation 25(3) of the SEBI (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. This separate meeting of independent directors is a mandatory requirement for listed companies during each financial year.

Key Agenda Items Reviewed

The independent directors present at the meeting transacted specific business items as mandated by regulatory requirements. The meeting focused on comprehensive performance evaluations and governance assessments.

The directors undertook the following key activities:

• Board Performance Review: Reviewed the performance of non-independent directors and the board of directors as a whole
• Chairperson Assessment: Evaluated the performance of the chairperson, incorporating views from both executive and non-executive directors
• Information Flow Analysis: Assessed the quality, quantity, and timeliness of information flow between company management and the board of directors

Governance and Information Management

A critical aspect of the meeting involved evaluating whether the information flow between management and the board enables directors to effectively and reasonably perform their duties. This assessment ensures that the board receives adequate and timely information necessary for informed decision-making and effective governance oversight.

Regulatory Communication

The company has duly informed both BSE Limited and the National Stock Exchange of India Limited about the meeting outcome, maintaining transparency with stock exchanges as required under Regulation 30 of the SEBI (LODR) Regulations, 2015. The communication was signed by Jeeyan Dipan Patwa, Chief Financial Officer, ensuring proper authorization and compliance with disclosure norms.

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.