1. Financial Results: 2. Disposal of Undertaking of the Company: 3. Convening 32nd Annual General Meeting for the Financial Year ended 31st March 2025:
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lippi Systems' board met on 12th August 2025 and approved three key items. First, the unaudited standalone results for Q1 FY26 (quarter ended 30 June 2025), which showed total income of INR 12.96 Lakhs and a net loss of INR 22.08 Lakhs, with the loss widening slightly from the same quarter last year. Second, the board gave in-principle approval to sell or dispose of the company's two wind turbine machines (0.750 MW each) located in Jamnagar, Gujarat — a move that requires shareholder approval via a special resolution. Notably, this wind farm generated 69.98% of the company's FY25 revenue (INR 37.66 Lakhs) and represents 51.60% of net worth (INR 291.84 Lakhs), making it a substantial disposal. The company's main rotogravure printing cylinder manufacturing segment reported zero revenue this quarter. Third, the 32nd AGM was scheduled for 30th September 2025.
The disposal of the wind farm, which is the only segment currently generating revenue, signals a significant restructuring of the company. Shareholders should watch the upcoming AGM closely as the special resolution will also require majority approval from public shareholders. The company has not yet identified a buyer or disclosed the sale price (only that it will be at or above book value), so the cash impact remains uncertain.