Nilkanth Resource

Lippi Systems allotted 65 lakh convertible equity warrants on a preferential basis to five members of the Dholu promoter group at ₹56.84 each. The company received 25% of the consideration, or ₹9.24 crore, while ₹27.71 crore remained payable upon exercise within 18 months; paid-up share capital was unchanged at allotment. On a fully diluted basis, the five allottees were shown with 99,83,862 shares, representing 73.96% of the company. Lippi Systems had reported FY26 total income of ₹7.99 crore, including ₹7.72 crore of other income, with no copper-cylinder manufacturing revenue.

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Lippi Systems approved the appointment of Vinesh Dholu as Executive Director and Jagdish Dholu as Managing Director, while four existing directors, including Managing Director Nandlal Agrawal, resigned. The board also approved a proposed change of name and amended the company’s objects to cover integrated bentonite and other mineral mining and processing, subject to shareholder and regulatory approvals. It approved the purchase of land for new projects and an increase in borrowing powers, alongside a reconstitution of board committees and the appointment of new statutory and secretarial auditors. The Dholu acquirers held 35,68,969 shares, or 50.99% of the stated expanded capital, after the share transfer; Lippi had reported no manufacturing revenue in Q1 FY27 and FY26 income had been dominated by asset-sale proceeds.

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Lippi Systems approved a proposed change of its name and amended its main objects to enter integrated bentonite and other-minerals mining and processing, subject to regulatory and shareholder approvals. The board appointed Vinesh Dholu as executive director and Jagdish Dholu as managing director for five-year terms, subject to shareholder approval, and added Jaimish Patel and Shivji Dholu as additional directors. Four existing directors, including managing director Nandlal Agrawal, resigned with effect from the same day, following the change in management control after the open offer. The company also approved reclassification of its promoter group to the public category and recorded a share transfer under the SPA at ₹56.84 per share, with total consideration stated at ₹20.28 crore. It accepted the resignations of its statutory and secretarial auditors, appointed replacements, and approved the purchase of land for new projects while seeking shareholder approval to increase borrowing powers. FY26 total income was ₹7.99 crore, including ₹7.72 crore of other income, while manufacturing revenue was nil.

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Lippi Systems approved a proposed change of name and amendments to its main objects to undertake integrated bentonite and other minerals mining and processing, subject to regulatory and shareholder approvals. It appointed Vinesh Dholu as executive director and Jagdish Dholu as managing director, alongside Jaimish Patel and Shivji Dholu as additional directors, while four existing directors resigned. The board recorded the transfer of 34,82,862 shares, representing 49.76% of paid-up capital, to five acquirers for ₹20.28 crore; a further 85,107 shares remained under process. The company had reported no manufacturing revenue in the June quarter, while total income was ₹0.38 crore, including ₹0.15 crore from wind power and ₹0.23 crore of other income. It also approved the purchase of land for new projects, an increase in borrowing powers subject to shareholder approval, and changes to its statutory and secretarial audit arrangements.

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Lippi Systems approved a proposed change of name and amended its main objects to cover integrated bentonite and other minerals mining and processing, subject to shareholder and regulatory approvals. The board appointed Vinesh Dholu as executive director and Jagdish Dholu as managing director for five years, and appointed Jaimish Patel and Shivji Dholu as additional directors. Four existing directors, including managing director Nandlal Agrawal, resigned with effect from the same day following the change in control after the open offer. The board also recorded the transfer of 34,82,862 shares at ₹56.84 each under the May share-purchase agreement and approved proposed reclassification of the former promoter group to public category. Its statutory and secretarial auditors resigned and were replaced, while the board approved land purchase for new projects and an increase in borrowing powers, subject to shareholder approval. In FY26, the company reported ₹7.99 crore of total income, including ₹7.72 crore of other income, while copper-cylinder manufacturing revenue was nil.

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Lippi Systems approved a proposed change of name and a new object clause covering integrated bentonite and other minerals mining and processing, subject to shareholder and regulatory approvals. It appointed Jagdish Dholu as managing director and Vinesh Dholu as executive director for five years, while four incumbent directors, including managing director Nandlal Agrawal, resigned after the change of control. The board also approved the purchase of land for new projects and an increase in borrowing powers, with the latter subject to shareholder approval. The changes followed the transfer of 34.83 lakh shares to five Dholu acquirers for ₹20.28 crore, giving them 50.99% of the post-transfer capital. Lippi Systems had reported no manufacturing revenue in Q1 FY27, when total income was ₹0.38 crore, while FY26 income was dominated by ₹7.72 crore of other income.

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Guttikonda Rajasekhar and Guttikonda Vara Lakshmi, acting in concert, acquired 3,81,216 equity shares of Lippi Systems Ltd, representing a 5.45% stake, through open market purchases on June 11, 2026. The acquirers held no shares prior to this transaction. The disclosure was made under SEBI SAST regulations on June 13, 2026. The purchase makes them significant non-promoter shareholders in the nano-cap company, which has a current market capitalisation of about ₹102 crores.

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