We would like to inform that the 32ND Annual General Meeting ('AGM 2025') of the members of the Company will be held on Tuesday, 30th September, 2025 at 11:30 AM IST at Registered Office ....
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Lippi Systems Limited has filed its Annual Report for FY 2024-25 and notified that its 32nd Annual General Meeting will be held on Tuesday, September 30, 2025 at 11:30 AM IST at its Ahmedabad registered office. The company reported zero net sales for the year, with all revenue coming from 'Other Income' of Rs. 53.82 lakhs, and posted a net loss of Rs. 74.23 lakhs, marginally better than the Rs. 85.94 lakhs loss in the previous year. Key agenda items include shareholder approval to sell two wind turbine machines located in Jamnagar, Gujarat, with proceeds earmarked for diversification into a new line of business. The meeting will also consider appointing M/s Kunal Sharma & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30) at a proposed fee of Rs. 75,000 for the first year, and re-appointment of director Mr. Tirthraj Pandya who retires by rotation. No dividend has been recommended given the loss-making performance.
The continued zero-revenue operations and ongoing losses are a red flag, but the proposed sale of wind turbines and stated intent to redeploy proceeds into a new business line could mark a strategic turning point worth watching. Shareholders should closely track how the funds are utilized and whether the diversification plan translates into actual operating revenue.