Lippi Systems Ltd (LIPPISYS) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Lippi Systems Ltd on NSE and BSE, with an AI summary of each filing.
Reg 32
Others (Uncategorized) · 05 Nov 2026, 2:31 am
Nilkanth Resources Confirms Zero Deviation in Preferential Issue Proceeds Utilization Nilkanth Resources Limited confirmed no deviation in utilizing funds from its preferential issue of 65,00,000 convertible warrants priced at Rs. 56.84 each, targeting total proceeds of Rs. 36.95 cr. For the quarter ended 30th Sep'26, the company received the mandatory 25% upfront subscription amount of Rs. 9.24 cr on 3rd Sep'26. The entire received sum of Rs. 9.24 cr was fully utilized during the quarter towards capital expenditure, aligning with stated objectives, leaving the remaining Rs. 27.71 cr payable upon warrant exercise within 18 months.
Unaudited financial results for the quarter ended 30th September 2026
Financial Result · 05 Nov 2026, 1:36 am
Nilkanth Resources Reports Q2 Results and Management Transition Nilkanth Resources posted total income of Rs 45.28 lakh for the quarter ended 30th Sep'26, rising YoY from Rs 11.31 lakh and QoQ from Rs 37.92 lakh. Net loss for the quarter narrowed sharply to Rs 3.96 lakh versus a loss of Rs 45.84 lakh in Q2'25 and Rs 0.28 lakh in Q1'26. For H1'27, total income stood at Rs 83.19 lakh with a net loss of Rs 4.24 lakh. Key corporate developments include management control change on 27th Aug'26 and 6.5m outstanding warrants.
Unaudited Financial Results for the quarter ended 30th September 2026
Outcome · 05 Nov 2026, 1:32 am
Lippi Systems Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) ■ Revenue: 0.0 ■ EBITDA: -33.3 (+37.9% YoY | -33.5% QoQ) ■ EBITDA Margin (%): 0.0 ■ PAT: -4.0 (+91.4% YoY | -1314.3% QoQ) ■ EPS (INR): -0.03 (+95.4% YoY) Lippi Systems Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) Segmental Performance Manufacturing for Copper eng.Cyl. ■ Revenue: 0.0 ■ EBIT: 0.0 ■ EBIT Margin (%): 0.0 Power Generation - Wind Farm ■ Revenue: 11.1 (+66.6% YoY | -24.4% QoQ) ■ EBIT: -10.0 (+23.7% YoY | -89.8% QoQ) ■ EBIT Margin (%): -90.6 (+10713 bps YoY | -5450 bps QoQ) Other Income ■ Revenue: 34.2 (+633.9% YoY | +47.0% QoQ) ■ EBIT: 8.8 (Loss to Profit YoY | +69.0% QoQ) ■ EBIT Margin (%): 25.6 (Loss to Profit YoY | +333 bps QoQ)
Lippi Systems Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Quartely Results 30th September 2026
Intimation · 04 Nov 2026, 5:30 am
Nilkanth Resources to Consider Half-Year Financial Results on 4th Nov'26 Nilkanth Resources Limited (formerly Lippi Systems Limited) announced that a meeting of its Board of Directors is scheduled for 4th Nov'26 at its registered office. The board will inter alia consider and approve the unaudited financial results of the company for the half year ended 30th Sep'26, alongside the Auditor's Limited Review Report.
Receipt of the certificate of Incorporation consequent upon Change of Name of the Company
Others (Uncategorized) · 14 Oct 2026, 5:53 pm
Lippi Systems Receives MCA Approval for Name Change to Nilkanth Resources The Ministry of Corporate Affairs approved the name change of Lippi Systems Limited to Nilkanth Resources Limited, effective with the issuance of a fresh Certificate of Incorporation on 13th Oct'26. The rebranding aligns with the company's planned business expansion into the mining, processing, manufacturing, and trading of bentonite and industrial minerals. The company is completing necessary stock exchange formalities to update its records accordingly.
Voting Results and Scrutinizer Report
Annual General Meeting · 03 Oct 2026, 9:58 pm
Lippi Systems Shareholders Approve Name Change and Key Business Proposals Lippi Systems Limited declared the voting results of its 33rd AGM held on 30th Sep'26, where all 17 resolutions were passed with over 99.99% majority support. Shareholders approved changing the corporate name to Nilkanth Resources Limited alongside alterations to the Memorandum and Articles of Association. Key approvals also included reappointing Jagdish Dholu as Managing Director, regularizing board appointments, sanctioning related-party transactions, authorizing investments and loan limits up to ₹100 crore under Section 186, and establishing enhanced borrowing powers under Section 180.
Proceedings of AGM
Annual General Meeting · 30 Sept 2026, 10:59 pm
Appointment of Independent Director
Others (Uncategorized) · 29 Sept 2026, 6:27 pm
Lippi Systems Appoints Harilal Patel as Independent Director and Reconstitutes Board Committees Lippi Systems Limited's Board approved the appointment of Mr. Harilal Ratanshibhai Patel (FCA) as an Additional Director (Non-Executive, Independent) for a five-year term starting 29th Sep'26, subject to shareholder approval. Patel brings over 29 years of experience in statutory audit, taxation, and financial reporting. Concurrently, the Board reconstituted its committees, designating Patel as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee alongside members Jaimish Patel and Mansi Hardik Shah.
Resignation of Company Secretary and Compliance Officer
Change in Management · 21 Sept 2026, 11:09 pm
Lippi Systems Key Managerial Personnel Resign Following Management Transition Lippi Systems Limited announced the resignations of CFO Gopalkrishna D. Sharma and Company Secretary & Compliance Officer Darshan Bipinchandra Shah, effective close of business hours on 21st Sep'26. Both resignations follow the completion of the Open Offer and the resulting change in the company's control and management. The departures aim to facilitate a smooth handover of responsibilities to the incoming leadership team, with the company initiating steps to appoint suitable successors.
Resignation of CFO
Change in Management · 21 Sept 2026, 11:07 pm
Lippi Systems Key Managerial Personnel Resign Following Open Offer Management Change Lippi Systems Limited announced the resignations of Chief Financial Officer Gopalkrishna D. Sharma and Company Secretary & Compliance Officer Darshan Bipinchandra Shah, effective from the close of business on 21st Sep'26. The departures follow the completion of an Open Offer and the resulting shift in company control and management, aimed at enabling an orderly leadership transition. The company confirmed it will initiate steps to appoint suitable successors for both key managerial positions.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinesh Shivji Dholu & Others
Acquisition/ Disposal of Shares · 18 Sept 2026, 7:58 pm
Acquirers Increase Stake in Lippi Systems to 50.99% Voting Share Vinesh Shivji Dholu and Persons Acting in Concert (PACs) acquired 85,107 equity shares (1.22% stake) off-market on 15th Sep'26 and 16th Sep'26 under an SPA dated 18th May'26, alongside 1,000 shares (0.01%) via an open offer. Following the acquisitions, the acquirer group’s voting equity holding in Lippi Systems increased from 49.77% (3,483,862 shares) to 50.99% (3,568,969 shares), representing 74.58% (10,068,969 units) of the total diluted share/voting capital including 6,500,000 convertible instruments.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kunal Nandlal Agrawal
Acquisition/ Disposal of Shares · 18 Sept 2026, 5:55 pm
Erstwhile Promoters Disinvest 1.22% Stake in Lippi Systems via Off-Market Trades Erstwhile promoter group members Kunal Nandlal Agrawal and Neha Sumit Sanghvi, reclassified as public shareholders on 27th Aug'26, fully offloaded their combined 1.22% stake in Lippi Systems. The disposal involved 85,107 equity shares (1,400 shares or 0.02% by Agrawal and 83,707 shares or 1.20% by Sanghvi) executed via off-market transactions on 15th Sep'26 and 16th Sep'26 pursuant to a share purchase agreement dated 18th May'26. Following this aggregate sale, both individuals hold nil equity shares in the company.
Corrigendum to the AGM Notice
Annual General Meeting · 10 Sept 2026, 8:10 pm
Change of Mobile Number
Others (Uncategorized) · 09 Sept 2026, 7:56 pm
Lippi Systems Updates Official Corporate Contact Number Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Lippi Systems Limited announced an update to its official corporate contact details on 9th Sep'26. The company’s new official contact number is +91 85113 35825. Consequently, the previous contact number, +91 079-35219264, has been decommissioned and is no longer associated with the company for official communications. Stakeholders and investors are advised to update their records accordingly.
Annual Report for FY 2025-26
Others (Uncategorized) · 08 Sept 2026, 10:14 pm
AGM Notice
Annual General Meeting · 08 Sept 2026, 10:02 pm
Allotment of Warrants
Others (Uncategorized) · 04 Sept 2026, 12:31 am
Lippi Systems Allots 6.5M Convertible Warrants to Promoters On 3rd Sep'26, Lippi Systems allotted 6.5M convertible equity warrants to its promoter group at Rs56.84 per warrant, representing an aggregate issue size of Rs36.94 crore. The company received the requisite 25% upfront consideration totaling Rs9.24 crore. Each warrant is convertible into one equity share within 18 months upon payment of the remaining 75% balance. Assuming full conversion of these warrants, the total promoter shareholding in the company will increase to 73.96% on a fully diluted basis.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinesh Shivji Dholu & Others
Acquisition/ Disposal of Shares · 01 Sept 2026, 6:47 pm
Acquirers Buy 49.77% Stake in Lippi Systems, Become New Promoters Pursuant to a SPA dated May 18, ‘26, a group of acquirers led by Vinesh Shivji Dholu acquired 34,83,862 shares in Lippi Systems on Aug 26, ‘26. This includes 34,82,862 shares (49.76% stake) via an off-market deal and 1,000 shares (0.01%) through an open offer. Consequently, the acquirers have become the new promoter group, and the selling shareholders have ceased to be promoters. An additional acquisition of 85,107 shares (1.22% stake) via an off-market transaction is also in process.
Revised outcome of Bm & Response to Clarification/Additional Details Required for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Revision of outcome · 01 Sept 2026, 6:35 pm
Lippi Systems to Become Nilkanth Resources, Pivots to Mining & Minerals On 27-Aug-'26, Lippi Systems approved a name change to "Nilkanth Resources Limited," signaling a strategic pivot to bentonite and minerals mining. The promoter group sold 35.68 lakh shares (49.76% stake) at ₹56.84/share for a total of ₹20.28 cr, transferring control to new acquirers. This triggered a major board and management overhaul, including the resignation of the MD, several directors, and statutory auditors. New directors and auditors (B K Patel & Co.) were appointed, and promoters were reclassified to the public category.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nandlal J Agrawal & Others
Acquisition/ Disposal of Shares · 28 Aug 2026, 4:54 pm
RESIGNATION OF ID
Change in Management · 28 Aug 2026, 4:27 am
Lippi Systems Announces Strategic Overhaul, Name Change, and New Management On 27 Aug'26, Lippi Systems approved a name change to "Nilkanth Resources Limited" and altered its main objects to focus on bentonite and mineral mining/processing. This follows a Share Purchase Agreement where acquirers purchased 35,67,969 shares (49.76% stake) for ₹20.28 crore at ₹56.84/share, triggering a change in control. Consequently, key directors including the MD resigned, and new directors were appointed. The board also approved a shift in the registered office and appointed new statutory and internal auditors.
change in reg office
Others (Uncategorized) · 28 Aug 2026, 4:00 am
Lippi Systems Approves Name Change, Strategic Pivot to Mining, and Management Overhaul On 27 Aug'26, Lippi Systems' board approved a strategic overhaul. The company will be renamed "Nilkanth Resources Limited" and will pivot its main business to bentonite and minerals mining & processing. This follows a change in control where acquirers purchased a 49.76% stake from promoters for ₹20.28 crore at ₹56.84/share. Consequently, the board saw major changes, including the resignation of the MD and several directors, and new appointments including Jagdish Dholu as MD and Vinesh Dholu as Executive Director, effective 27 Aug'26.
resignation of st auditor
Change in Auditor · 28 Aug 2026, 3:54 am
Lippi Systems Limited Announces Strategic Pivot to Mining and Management Overhaul On Aug 27, '26, Lippi Systems Limited's board approved a strategic overhaul, changing its name to “Nilkanth Resources Limited” and shifting its main business to bentonite and mineral mining. This follows a Share Purchase Agreement on May 18, '26, where promoters sold 35.68 lakh shares (49.76% stake) at ₹56.84 each, resulting in a change of control. Consequently, key management, including the MD, resigned, and new directors were appointed. The statutory auditor, M/s. Ashok Dhariwal & Co, also resigned, replaced by M/s. B K Patel & Co.
Resignation
Change in Management · 28 Aug 2026, 3:53 am
Lippi Systems Approves Name Change, New Business Focus, and Management Overhaul On 27 Aug'26, Lippi Systems' board approved a name change to "Nilkanth Resources Limited" and altered its main objectives to enter integrated bentonite and minerals mining. This follows a Share Purchase Agreement on 18 May'26, where promoters sold 35,67,969 shares (49.76% stake) for ₹20.28 cr at ₹56.84/share, triggering a change in control. The board saw major resignations, including the MD, and appointed a new management team, including a new MD, statutory auditor, and key committee members to reflect the new ownership structure.
Appointment of St. Auditor
Change in Auditor · 28 Aug 2026, 3:52 am
Lippi Systems Approves New Management, Name Change, and Business Focus On 27 Aug'26, Lippi Systems Limited's board approved a company name change to “Nilkanth Resources Limited” and shifted its main business to mining and processing minerals like Bentonite. This follows a Share Purchase Agreement on 18 May'26, where promoters sold 3.48 mn shares (49.76% equity) at ₹56.84/share for a total of ₹20.28 cr, triggering a change in control. Consequently, the board was reconstituted with several resignations and new appointments, including Jagdish Dholu as MD. New statutory auditors were also appointed.