
AGM/EGM5 Jun 2026, 01:46 pm
Lippi Systems Ltd: EGM Notice Corrigendum for Preferential Issue
AI Summary
Lippi Systems Ltd has issued a Corrigendum to its Extra Ordinary General Meeting (EGM) notice, scheduled for June 14, 2026. The amendment clarifies the utilization of proceeds from a preferential issue, totaling ₹36.946 Cr. The revised disclosure bifurcates the utilization into Capital Expenditure (₹30.7514 Cr), Working Capital (₹2.50 Cr), and General Corporate Purposes (₹3.6946 Cr), all with a tentative utilization timeline up to December 31, 2027. Key terms of the preferential issue, EGM date, and record date remain unchanged. The Corrigendum aims to provide a more detailed classification of fund utilization.
Key Highlights
- Company issued Corrigendum to EGM notice for preferential issue.
- Total preferential issue proceeds amount to ₹36.946 Cr.
- Proceeds to be utilized for CapEx, Working Capital, and General Corporate Purposes.
- EGM scheduled for June 14, 2026, with no changes to core terms.
Price Impact
More from LIPPISYS