In continuation of our letter dated 7th November 2025 and pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 as amended from time ....
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Awaiting price reaction for this filing.
Lippi Systems Limited reported its Q2 FY26 (ended September 30, 2025) and H1 FY26 results on November 14, 2025. The company posted a net loss of ₹45.84 lakh for the quarter, wider than the ₹25.41 lakh loss in Q2 FY25. H1 FY26 net loss stood at ₹67.92 lakh versus ₹42.84 lakh in the same period last year. Total income for the quarter was ₹11.31 lakh (down from ₹12.36 lakh a year ago), and there is zero revenue from the core manufacturing segment (Copper Engraving Cylinders), with only wind power generation and other income contributing. The auditor M/s Ashok Dhariwal & Co. issued an unmodified limited review opinion. Short-term borrowings surged sharply from ₹2.94 lakh to ₹214.27 lakh.
Negative for shareholders - losses are widening, core manufacturing operations appear to have ceased, and operating cash flow has turned sharply negative. However, the auditor's clean opinion and continued windmill income provide some cushion. Investors should monitor the company's ability to restart manufacturing and manage its rising short-term debt.