Latest news about Lippi Systems
Lippi Systems
219.00
-8.90(-3.91%)
Company Performance:
View Company Insights1D-3.91%
1M-0.45%
6M+549.66%
1Y+710.21%
5Y+1,985.71%
More news about Lippi Systems
09Sept 26
Lippi Systems updates official contact number under SEBI LODR
Lippi Systems updated its official contact number to +91 85113 35825. The change is effective September 9, 2025, per SEBI LODR Regulation 30. Previous number +91 079-35219264 is no longer valid for official communication. Managing Director Jagdish Dholu authorized the disclosure to the BSE.
08Sept 26
Lippi Systems to rebrand as Nilkanth Resources, seek ₹500 crore borrowing limit
Lippi Systems to rename itself Nilkanth Resources Limited and pivot to mining operations. Company posted net profit of ₹377.97 lakh in FY26, reversing a prior year loss of ₹74.23 lakh. Profit driven by ₹732.35 lakh gain on sale of fixed assets with zero operating revenue. Board seeks approval for ₹500 crore borrowing limit and ₹105 crore annual related-party transactions.
08Sept 26
Lippi Systems schedules 33rd AGM for September 30, 2026
Lippi Systems holds 33rd AGM on September 30, 2026. Meeting conducted via video conferencing at 11:30 am. Agenda includes adoption of FY26 financial statements. Mr. Shivji Dholu appointed as director by rotation.
01Sept 26
Lippi Systems approves name change to Nilkanth Resources, shifts to mining
Lippi Systems approved name change to Nilkanth Resources and pivot to mining. New management appointed Vinesh Dholu as Executive Director and Jagdish Dholu as MD. Promoter shares reclassified to public category following open offer completion. Acquisition valued at ₹20.28 crore for 49.76% stake transfer to new promoters.
01Sept 26
Vinesh Dholu group acquires 49.76% stake in Lippi Systems from promoters
Vinesh Shivji Dholu group acquires 49.76% stake in Lippi Systems via off-market deal. Previous promoter group reduces stake from 51.06% to 1.30%. Acquirers also bought 1,000 shares (0.01%) through an open offer process. 85,107 shares (1.22%) are pending transfer from sellers to acquirers. New promoter group established effective August 26, 2026.
18Aug 26
Lippi Systems open offer concludes with minimal 1,000 share acceptance
Lippi Systems' mandatory open offer concluded with only 1,000 shares accepted out of 33,82,231 proposed, reflecting minimal public participation. The actual offer size was just ₹56,840 compared to the proposed ₹19,22,46,010.04. The change in control was driven by a private Share Purchase Agreement, with five acquirers now holding 74.58% of the expanded share capital. Vivro Financial Services acted as Manager to the Offer.
28Jul 26
Dholu family initiates open offer for Lippi Systems equity shares
Vinesh Shivji Dholu and four associates have launched an open offer to acquire equity shares in Lippi Systems Limited, consolidating family control. Managed by Vivro Financial Services and registered by Cameo Corporate Services, the offer complies with SEBI SAST regulations. Shareholders should await further details on pricing and timelines.
17Jul 26
Lippi Systems open offer for 33,82,231 shares at ₹56.84
Lippi Systems Limited's open offer by acquirers led by Vinesh Shivji Dholu seeks 33,82,231 shares at ₹56.84 each from July 20 to 31, 2026. The Independent Directors Committee deemed the price fair, though it is below the market price of ₹232.50.
16Jun 26
Lippi Systems shareholders approve capital hike and warrants issue
Lippi Systems Limited successfully concluded its Extra-Ordinary General Meeting on June 14, 2026, with shareholders approving the increase in authorized share capital and the preferential issue of convertible equity warrants. The resolutions received 100% of the valid votes polled, totaling 3,896,083 shares. The meeting was overseen by Scrutinizer Ms. Rupal Patel.
05Jun 26
Lippi Systems revises preferential issue fund use for EGM
Lippi Systems issued a corrigendum to its EGM notice to bifurcate the ₹36.946 crore preferential issue proceeds into capital expenditure (₹30.7514 crore), working capital (₹2.50 crore), and general corporate purposes (₹3.6946 crore). The total issue size and the EGM date on June 14, 2026, remain unchanged.
04Jun 26
Lippi Systems appoints independent director, reconstitutes committees
Lippi Systems Limited has appointed Ms. Mansi Hardik Shah as an Additional Director (Non-Executive Independent Director) effective June 04, 2026, subject to shareholder approval at the ensuing Annual General Meeting. This follows the completion of term by Mr. Govindlal C. Thakkar as Independent Director effective May 30, 2026. Consequently, the company reconstituted its Audit Committee, Nomination & Remuneration Committee, and Shareholders' Grievance & Stakeholders Relationship Committee, appointing Ms. Shah as Chairman of each.
03Jun 26
Lippi Systems open offer at ₹56.84 per share
Lippi Systems Limited announced an open offer by acquirers to purchase 33,82,231 equity shares, representing 25.05% of the expanded share capital, at ₹56.84 per share. The offer opens on July 10, 2026, and closes on July 23, 2026.
25May 26
DPS for Lippi Systems Open Offer at ₹56.84
Lippi Systems Limited disclosed the Detailed Public Statement for a mandatory open offer to acquire 33,82,231 equity shares representing 25.05% of the Expanded Share Capital at ₹56.84 per share. Triggered by a Share Purchase Agreement with existing promoters, the offer aggregates to ₹19.22 crore. The acquirers have deposited ₹4.81 crore in escrow, and the tendering period is set for July 10-23, 2026.
23May 26
Lippi Systems schedules EGM to approve warrant issue
Lippi Systems Limited has announced an Extraordinary General Meeting (EGM) on June 25, 2024, to approve the preferential allotment of 1,30,00,000 warrants to five individuals, who will become promoters. The issue aims to raise ₹36.946 crore for capital expenditure and working capital, with proceeds to be utilized by December 31, 2027. The meeting will be held via video conferencing, with e-voting available from June 22 to June 24, 2024.
13May 26
Lippi Systems Board Meeting Scheduled on May 18, 2026 to Consider Fund Raising, Authorised Share Capital Increase, and EGM Matters
Lippi Systems Limited has scheduled a Board of Directors meeting on May 18, 2026, pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015. The board will consider a fund raising proposal via preferential issue of equity shares, convertible warrants, and/or other eligible securities, along with an increase in authorised share capital and amendment to the Memorandum of Association. The meeting will also address fixing the date of an Extraordinary General Meeting, approving the draft EGM notice, and appointing scrutinisers for the EGM.
25Feb 26
Lippi Systems Limited Clarifies Share Price Movement in Response to BSE Surveillance Query
Lippi Systems Limited responded to BSE surveillance query on February 25th, 2026, regarding price movement in its equity shares. The company confirmed compliance with SEBI regulations, stated no material information is pending disclosure, and attributed the price movement to market conditions rather than any specific corporate factor.
14Feb 26
Lippi Systems Limited Reports Strong Q3FY26 Results with ₹496.89 Lakh PAT
Lippi Systems Limited reported exceptional Q3FY26 results with total income of ₹744.32 lakh and profit after tax of ₹496.89 lakh, marking a significant turnaround from previous quarters. The nine-month performance showed total income of ₹768.58 lakh with PAT of ₹428.97 lakh. The company operates in manufacturing and power generation segments, with a major asset disposal during the quarter involving factory land and buildings contributing to the strong performance.
17Nov 25
Lippi Systems Limited Sells Property for Rs. 9 Crore in Strategic Move
Lippi Systems Limited has sold its land and building property in Gujarat to Kshetrapal Realty LLP for Rs. 9.00 crores. The property, located in Rakanpur, Gandhinagar, includes 7770 sq. meters of land and 6141.86 sq. meters of built-up area, comprising industrial, commercial, and residential units. The sale was approved by the Board of Directors and shareholders, following proper corporate governance procedures. The buyer is not a related party and holds no equity in Lippi Systems Limited.
14Nov 25
Lippi Systems Reports Widening Losses in Q2 FY2025
Lippi Systems Limited, a manufacturer of roto gravure printing cylinders and wind power generator, reported a net loss of ₹45.84 crore for Q2 FY2025, more than double the previous quarter's loss. Total income was ₹11.31 crore against expenses of ₹79.95 crore. Both manufacturing and wind power segments showed losses. The company's cash flow from operations was negative at ₹420.80 lakh, indicating potential liquidity challenges.
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