StockWatch
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Industrial Products
Shareholding28 Aug 2026, 11:25 am

Lippi Systems: Promoters Sell 34.8 Lakh Shares, Stake Drops to 49.76%

AI Summary

Lippi Systems Limited has announced the sale and disposal of an aggregate of 34,82,862 equity shares by its promoters, including Nandlal J. Agrawal, Kunal Nandlal Agrawal, Shashikalaben Nandlal Agrawal, and Neha Sumit Sanghvi. The transaction, executed via off-market transactions on August 26, 2026, pursuant to a Share Purchase Agreement dated May 18, 2026, resulted in the promoters' collective shareholding decreasing from 51.06% to 49.76%. The total value of the transaction was INR 7,00,00,000.

Key Highlights

  • Promoters sold 34,82,862 equity shares in Lippi Systems.
  • Promoter shareholding reduced from 51.06% to 49.76%.
  • Transaction was conducted via off-market sales.
  • Total sale value amounted to ₹7,00,00,000.