Lippi Systems Ltd holds EGM; shareholders vote on capital increase and preferential issue of equity warrants
Lippi Systems Limited conducted an Extraordinary General Meeting (EGM) on Sunday, June 14, 2026, at its registered office in Ahmedabad. The meeting was convened to seek member approval for key corporate resolutions concerning the company’s share capital and a planned issuance of financial instruments.The EGM commenced at 11:30 AM IST and concluded an hour later, at 11:50 AM IST. Mr. Nandlal J. Agrawal, Chairman and Managing Director of the Company, chaired the meeting, while Ms. Apexa Panchal, Independent Director, presided over items where Mr. Agrawal had a conflict of interest.
The board presented two primary special business matters to the members for consideration:
| Sr. No. | Particulars | Type of Resolution | Voting Method |
|---|---|---|---|
| 1. | Increase in the Authorized Share Capital and Consequent Alteration of Memorandum of Association | Special Resolution | Remote E voting and Poll |
| 2. | Issue of Convertible Equity Warrants on a preferential basis (Preferential Issue) for cash consideration | Special Resolution | Remote E voting and Poll |
The proceedings detailed included information regarding the voting mechanisms utilized during the meeting. Shareholders were provided access to remote E-voting, which took place from June 11, 2026, at 9:00 AM IST until June 13, 2025, at 5:00 PM IST.
Members present at the EGM who had not cast their votes electronically were provided an opportunity to do so through a physical poll conducted at the meeting. Ms. Rupal Patel, a Practicing Company Secretary based in Ahmedabad, was appointed as the Scrutinizer for both the remote E-voting and the physical polling process.
The Chairman concluded the meeting after all agenda items were addressed, thanking members for their active interest in the company's operations.
Stock Price Movement
Lippi Systems Ltd.'s shares settled at ₹146.05 at the close of trading on Friday, rising 5.00%. The stock moved through a wide intraday range, charting between a low of ₹133.00 and a high of ₹146.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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