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Lippi Systems Limited held its 32nd AGM on September 30, 2025, at its registered office in Ahmedabad, and submitted the consolidated scrutinizer's report on October 2, 2025. All four resolutions were passed with overwhelming majority — 4,349,058 votes in favor (99.999%) and just 2 votes against out of 4,349,060 valid votes polled (62.13% of 7,000,000 total shares). The resolutions covered: (1) adoption of audited standalone financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Tirthraj Pandya (DIN: 08536677) as director via retirement by rotation, (3) special resolution for sale/disposal of company properties under Section 180(1)(A) of the Companies Act, 2013 and Regulation 37A(1) of SEBI LODR, and (4) appointment of the secretarial auditor. Promoter group (holding 3,617,769 shares) voted 100% in favor via e-voting, while public non-institutions (holding 3,382,231 shares) cast 782,491 votes with 99.999% in favor of all resolutions, including the property disposal.
Routine AGM compliance with unanimous shareholder approval across all resolutions signals stable promoter-public alignment and no governance friction. The special resolution clearing sale/disposal of company properties is the most material action — shareholders have authorized the board to monetize assets, which could lead to balance sheet restructuring, capital infusion, or divestment activity in upcoming quarters.