Lippi Systems Independent Directors Recommend Open Offer

Lippi Systems Ltd announced the outcome of its Independent Directors Committee (IDC) meeting held on July 14, 2026. The committee provided its recommendation on the Open Offer made by Vinesh Shivji Dholu and four other acquirers to public shareholders. The offer is to acquire up to 33,82,231 equity shares, representing 25.05% of the expanded share capital, at ₹56.84 per share, totaling ₹19,22,46,010. The IDC found the offer price to be fair and reasonable, determined in accordance with SEBI SAST Regulations. The report will be published in Financial Express, Jansatta, and Navshakti on July 15, 2026. Shareholders are advised to independently evaluate the offer.