Lippi Systems: Independent Directors Recommend Open Offer

Lippi Systems Ltd has announced the submission of the Recommendations of the Committee of Independent Directors (IDC) regarding an open offer. Vivro Financial Services Private Limited, acting as the Manager to the Offer, submitted the report to BSE. The open offer, made by Vinesh Shivji Dholu and other acquirers, aims to acquire up to 33,82,231 equity shares, representing 25.05% of the expanded share capital, at a price of ₹56.84 per share. The total consideration for the offer is ₹19,22,46,010. The IDC has reviewed the offer documents and found the offer price to be fair and reasonable, recommending it to public shareholders. The recommendations were published in Financial Express (English, Gujarati) and other newspapers on July 15, 2026.