AGM results: 17 resolutions passed, company to be renamed Nilkanth Resources
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.6 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Lippi Systems 33rd AGM on Sep 30, 2026 passed all 17 resolutions with 99.99 percent majority. Key items: name change to Nilkanth Resources Limited, MOA and main objects alteration, new auditor B K Patel and Co replacing previous auditors, Jagdish Dholu as Managing Director, related party transactions, and borrowing plus investment limit raised upto Rs 100 crore. Promoters about 51 percent voted in favor on non-related items.
Name change hints at a possible business pivot. Wider borrowing and investment limits give management more financial flexibility.