
Lippi Systems to Rebrand as Nilkanth Resources, Approves Management Changes
Lippi Systems Ltd announced a significant board meeting outcome, including a proposed change in the company's name to "Nilkanth Resources Limited". The company also approved a shift in its main objects clause to focus on Integrated Bentonite and other minerals Mining & Processing. Key management changes were approved, with the appointment of Mr. Vinesh Dholu as Additional Director (Executive Non-Independent) and Executive Director, and Mr. Jagdish Dholu as Additional Director (Executive Non-Independent) and Managing Director. Additionally, Mr. Jaimish Patel was appointed as an Additional Director (Non-Executive Independent), and Mr. Shivji Dholu as an Additional Director (Non-Executive, Non-Independent). These changes are subject to shareholder and regulatory approvals.
Key Highlights
- Company proposes name change to Nilkanth Resources Limited.
- Business focus shifting to Bentonite and mineral mining & processing.
- Key executive and director appointments approved.
- Changes are subject to shareholder and regulatory approvals.
Price Impact
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