Increase in Authorized Share Capital of the Company from Rs.10,00,00,000/- (Rupees Ten Crores Only) to Rs.15,00,00,000/- (Rupees Fifteen Crores Only) by creation of additional Rs.5,00,00,000 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lippi Systems Ltd's board approved increasing authorized share capital from Rs. 10 crore to Rs. 15 crore. The company will issue 65 lakh warrants at Rs. 56.84 per warrant (total Rs. 36.94 crore) to 5 allottees, who will convert them to equity shares within 18 months. Existing promoters are selling their entire 50.97% stake (35.67 lakh shares) to a new group led by Vinesh Shivji Dholu and family, triggering an open offer under SEBI takeover rules. The new acquirers will become promoters after the transaction.
This represents a change of control transaction. Shareholders should note significant dilution potential (65 lakh new shares) and the upcoming open offer that may affect the stock price. The EGM on June 14, 2026 will seek shareholder approval for these proposals.