Key Amendments to EGM Notice

The corrigendum amends the Explanatory Statement under Item No. 1 of the EGM Notice, specifically revising the disclosure relating to the Objects of the Preferential Issue and the utilization of issue proceeds.

Revised Objects of the Preferential Issue

The Company now intends to utilize the proceeds raised through the issue (₹36.946 Crore) towards three distinct objects instead of the previously stated two:

  • a) To meet Capital Expenditure of the company
  • b) To meet Working Capital requirement of the company (newly inserted)
  • c) To utilize for General Corporate Purposes (previously point b)

Revised Utilization Breakdown

The intended use of the proceeds has been revised with a detailed bifurcation:

| Sr. No. | Particulars | Total Estimated Amount to be Utilized (₹) | Tentative Timelines for Utilization |

| 1 | To meet Capital Expenditure of the company | 30.7514 Crore | Upto 31st December, 2027 |

| 2 | To meet Working Capital requirement of the company | 2.50 Crore | Upto 31st December, 2027 |

| 3 | To utilize for General Corporate Purposes | 3.6946 Crore | Upto 31st December, 2027 |

| Total | | 36.946 Crore | |

Previous Utilization Table (For Comparison)

The original table presented in the EGM Notice was:

| Sr. No. | Particulars | Total Estimated Amount to be Utilized (₹) | Tentative Timelines for Utilization |

| 1 | To meet Capital Expenditure, Working Capital requirement of the company | 33.2514 Crore | Upto 31st December, 2027 |

| 2 | To utilize for General Corporate Purposes | 3.6946 Crore | Upto 31st December, 2027 |

| Total | | 36.946 Crore | |

Unchanged Elements

The corrigendum explicitly states there is no change to:

  • The total issue size of ₹36.946 Crore
  • Terms of the preferential issue
  • Date of EGM (June 14, 2026)
  • Record date
  • Remote e-voting period
  • Any other matter contained in the EGM Notice

Distribution and Availability

The Corrigendum has been dispatched to shareholders and forms an integral part of the EGM Notice. It is available on the company's website (www.lippisystems.com) and the stock exchange websites (BSE Limited and CDSL's e-voting platform).

Company and Signatory Details

The disclosure is signed by Nandlal J. Agrawal, Managing Director (DIN: 00336556), on behalf of Lippi Systems Limited, with its registered office at 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad, Gujarat, 380058.

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