Meeting Details
The 01/2026-27 Extra-Ordinary General Meeting of Lippi Systems Limited was held on Sunday, 14th June, 2026 at 11:30 AM IST at the company's registered office at 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad – 380 058. The meeting concluded at 11:50 AM IST.
Attendance and Chairmanship
Mr. Nandlal J. Agrawal, Chairman & Managing Director (DIN: 00336556) chaired the meeting. Ms. Apexa Panchal, Independent Director, chaired proceedings for items where Mr. Agrawal was deemed to be interested.
Voting Arrangements
The company provided remote e-voting facilities from June 11, 2026 (9:00 AM IST) to June 13, 2026 (5:00 PM IST). Members present at the EGM who had not cast votes electronically were provided opportunity to vote through physical poll. Ms. Rupal Patel, Practicing Company Secretary, Ahmedabad, was appointed as Scrutinizer for both remote e-voting and physical poll process.
Resolutions Considered
The following two special resolutions were proposed and seconded by members:
1. Special Resolution 1: Increase in the Authorized Share Capital and Consequent Alteration of Memorandum of Association
2. Special Resolution 2: Issue of Convertible Equity Warrants on a preferential basis ("Preferential Issue") for cash consideration
Voting Results Status
The combined result of remote e-voting and physical poll voting will be announced within 2 working days of the EGM. The Scrutinizer's Report and Voting Results will be shared shortly.
Financial Impact
Financial impact not quantified in the disclosure. The resolutions relate to potential capital structure changes through increased authorized capital and preferential warrant issuance.