Lippi Systems seeks shareholder approval via EGM on June 14, 2026 to increase authorized share capital from ₹10 Cr to ₹15 Cr.
Company proposes preferential issue of 65 lakh convertible warrants at ₹56.84 each to five individuals aggregating ₹36.95 Cr.
The warrant issue to Vinesh Dholu group triggers change in control, making them new promoters holding 74.58% post-conversion.
Proceeds of ₹36.95 Cr will be used for capex, working capital requirements and general corporate purposes until December 2027.