LIPPI SYSTEMS LTD.-$

Lippi Systems Ltd announced the appointment of Mr. Harilal Ratanshibhai Patel as an Additional Director (Non-Executive, Independent) for a term of five years, effective September 29, 2026. This appointment is subject to shareholder approval. Mr. Patel, a Fellow Chartered Accountant with over 29 years of experience, will also chair the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee. The company affirmed that Mr. Patel is not debarred from holding a director's office by any regulatory authority.

Lippi Systems Ltd has announced the closure of its trading window for all designated persons, including promoters, directors, KMPs, and connected individuals, from October 1, 2026. This closure will remain in effect until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ended September 30, 2026. The decision aligns with SEBI regulations on insider trading. The company will announce the board meeting date for approving these financial results in due course. All relevant parties are advised against any securities transactions during this period.

Lippi Systems Ltd has announced the resignation of its Chief Financial Officer, Mr. Gopalkrishna D. Sharma, and Company Secretary & Compliance Officer, Mr. Darshan Bipinchandra Shah. Both resignations are effective from the close of business hours on September 21, 2026. The officials tendered their resignations following the completion of an Open Offer and the consequent change in control and management of the Company. This move is intended to facilitate a smooth transition and handover of responsibilities to the new management. The company will initiate steps to appoint suitable replacements for these key managerial positions and will make the necessary disclosures.

Vinesh Shivji Dholu & Others, part of the promoter group of Lippi Systems Ltd, have acquired an additional 86,107 equity shares. This acquisition includes 85,107 shares (1.22%) through an off-market transaction from existing sellers on September 15-16, 2026, and 1,000 shares (0.01%) tendered by public shareholders via an Open Offer. Following these acquisitions, the promoter group's total shareholding and voting rights in Lippi Systems Ltd have increased from 49.77% to 50.99%. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Kunal Nandlal Agrawal and Mrs. Neha Sumit Sanghvi, formerly promoters, have disposed of an aggregate of 85,107 equity shares of Lippi Systems Limited. The transactions, conducted via off-market deals on September 15th and 16th, 2026, followed a Share Purchase Agreement dated May 18th, 2026. This disclosure is made under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The sellers have transitioned from 'Promoters and Promoter Group' to 'Public Shareholders' following an Open Offer.

Lippi Systems Limited has issued a corrigendum to its 33rd Annual General Meeting (AGM) notice, correcting a typographical error in the proposed borrowing limits. The original notice, dated August 27, 2026, incorrectly stated a borrowing limit of ₹500 Crores. This corrigendum rectifies the limit to ₹50 Crores for both the resolution text and the explanatory statement concerning Section 180 of the Companies Act, 2013. The correction pertains to the approval of borrowing powers and the creation of charges on the company's assets. The AGM is scheduled for September 30, 2026, via Video Conferencing. All other aspects of the AGM notice and annual report remain unchanged.

Lippi Systems Ltd has updated its official contact number to +91 85113 35825, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The previous number, +91 079-35219264, will no longer be associated with the company. Stakeholders, investors, and the public are advised to update their records accordingly.

Lippi Systems Limited has filed its 33rd Annual Report for the Financial Year 2025-2026, in compliance with SEBI regulations. The report has been sent to shareholders and uploaded to the company's website. The Annual General Meeting (AGM) is scheduled for September 30, 2026, to adopt the audited financial statements, appoint Mr. Shivji Dholu as a Director, and approve the appointment of M/s. B K Patel & Co. as Statutory Auditors.

Lippi Systems Ltd has issued a notice for its 33rd Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 11:30 a.m. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Key agenda items include the adoption of the audited financial statements for the financial year ended March 31, 2026, the re-appointment of Mr. Shivji Dholu as a Director retiring by rotation, and the approval of M/s. B K Patel & Co. as Statutory Auditors. Additionally, the appointment of M/s. B K Patel & Co. to fill a casual vacancy due to the resignation of previous auditors and the appointment of Mrs. Rupal Patel as Secretarial Auditor will be considered.

Lippi Systems Ltd has approved the allotment of 65,00,000 Convertible Equity Warrants on a preferential basis to promoter category allottees. The issue price is Rs 56.84 per warrant, with an aggregate value of Rs 36,94,60,000. The company has received 25% of the consideration amount, totaling Rs 9,23,65,000. Each warrant is convertible into one equity share of Rs 10 face value within 18 months upon payment of the balance consideration.