Appointment of Secretarial auditor and appointment of internal auditor
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Lippi Systems' board approved audited standalone results for FY ended March 31, 2025, showing zero revenue from operations and other income of ₹53.82 lakh, down 32% from ₹79.42 lakh in FY24. The company reported a net loss of ₹74.23 lakh in FY25, narrower than the ₹85.94 lakh loss in FY24. Total expenses fell to ₹163.04 lakh from ₹195.40 lakh, mainly due to lower employee costs and other overheads. Statutory auditor M/s Ashok Dhariwal & Co. issued an unmodified opinion on the results. The board also appointed M/s Kunal Sharma & Associates as secretarial auditor for five years (FY26–FY30) and M/s Aswani & Associates as internal auditor for FY26, and adopted an amended fair disclosure code for unpublished price sensitive information.
The company continues to post losses with no operating revenue and only marginal other income, though the loss narrowed year-on-year. Shareholders should view the new auditor appointments as routine compliance matters rather than positive signals, as the core business remains under stress with negligible cash balance of ₹0.17 lakh.