Lippi Systems Board Meeting Scheduled on May 18, 2026 to Consider Fund Raising, Authorised Share Capital Increase, and EGM Matters

Lippi Systems Limited has notified BSE Limited of a Board of Directors meeting scheduled for Monday, May 18, 2026, at the company's registered office. The intimation was issued on May 13, 2026, pursuant to Regulation 29 read with other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items for the Board Meeting

The board meeting has been convened to consider and approve a range of significant corporate actions. The agenda covers fund raising, changes to the share capital structure, and related shareholder approval processes. The following table outlines the key items on the agenda:

Agenda Item: Details Fund Raising: Proposal for further issuance of equity shares, convertible warrants, convertibles, and/or other eligible securities via preferential issue, subject to statutory/regulatory approvals including shareholder approval Authorised Share Capital: Increase in authorised share capital and consequential amendment to the capital clause of the Memorandum of Association, subject to applicable law and requisite approvals EGM Scheduling: Fixing the day and date of an Extraordinary General Meeting to seek shareholders' approval for the above proposals EGM Notice: Approval of the draft notice of the Extraordinary General Meeting, if the above proposals are approved by the Board Scrutiniser Appointment: Appointment of scrutinisers for the proposed EGM Other Business: Consideration of any other matter with the permission of the Chairman

Fund Raising and Capital Structure

A central item on the agenda is the consideration of a fund raising proposal through the further issuance of equity shares, convertible warrants, convertibles, and/or any other eligible securities of the company by way of a preferential issue. This proposal is subject to such statutory and regulatory approvals as may be applicable, including the approval of the company's shareholders. Additionally, the board will consider increasing the authorised share capital of the company and making a consequential amendment to the capital clause of the Memorandum of Association, subject to applicable law and requisite approvals from shareholders, government, regulatory, and statutory authorities.

Extraordinary General Meeting Preparations

In connection with the proposed fund raising and capital restructuring, the board will also deliberate on fixing the day and date of an Extraordinary General Meeting to seek shareholders' approval. The board will further consider approving the draft notice of the EGM in respect of the aforesaid proposals and related matters, if approved. The appointment of scrutinisers for the proposed EGM is also included as a formal agenda item.

The intimation was signed by Nandlal Jaigopal Agrawal, Managing Director of Lippi Systems Limited, and submitted to BSE Limited on May 13, 2026.

Lippi Systems Limited has issued a clarification to BSE Limited regarding the price movement in its equity shares, responding to a surveillance query dated February 24th, 2026. The company's response, signed by Managing Director Nandlal J. Agrawal, addresses concerns raised by the exchange's surveillance department.

Regulatory Compliance Statement

The company emphasized its adherence to regulatory requirements in its response to BSE surveillance. Lippi Systems stated that it complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 in letter and spirit. The management confirmed that all events and information bearing on the company's operations or performance have been promptly disclosed to the stock exchange.

Parameter: Details Query Reference: L/SURV/ONL/PV/SJ/2025-2026/3396 Response Date: February 25th, 2026 Security Code: 526604 Signatory: Nandlal J. Agrawal, Managing Director DIN: 00336556

Price Movement Explanation

Regarding the specific reason for the sudden price movement, the company stated it is not aware of any particular factor causing the volatility. The management attributed the share price movement to market-driven forces and prevailing market conditions. Importantly, the company clarified that its management is not connected with the price movement in any way.

Material Information Disclosure

Lippi Systems confirmed that no material information or events that could impact the volume behavior of the company's shares have been withheld or are pending disclosure. This statement reinforces the company's commitment to transparency and regulatory compliance. The company reiterated its adherence to Regulation 30 of the SEBI (LODR) Regulations, 2015, which governs disclosure of material events and information.

Forward Commitment

The company assured BSE that it will continue to keep the stock exchange informed of any material information as required under the regulations. This commitment demonstrates the company's ongoing dedication to maintaining transparency with investors and regulatory authorities. The response was digitally signed by Managing Director Nandlal J. Agrawal on February 25th, 2026.

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