Pursuant to the requirements under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulation, 2015 as amended from time to time, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lippi Systems Limited held its first EGM of FY2026-27 on 14th June 2026 at its Ahmedabad registered office, running from 11:30 AM to 11:50 AM IST. Two special resolutions were tabled for shareholder approval: (1) an increase in the Authorized Share Capital along with a corresponding amendment to the Memorandum of Association, and (2) the issue of Convertible Equity Warrants on a preferential basis for cash consideration. Voting was conducted via remote e-voting (June 11–13, 2026) and physical poll at the meeting. The meeting was chaired by Managing Director Nandlal J. Agrawal, with Independent Director Ms. Apexa Panchal chairing items where the Chairman was deemed interested. No questions were raised by members.
The preferential issue of convertible equity warrants points to a planned equity fund-raise from specific investors, which may lead to dilution for existing shareholders once warrants are converted. Voting results from the scrutinizer are awaited and will be disclosed within 2 working days, which will confirm whether the capital expansion and preferential allotment have shareholder backing.