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Board allotted 65 lakh convertible warrants to five promoter-group allottees at Rs 56.84 each, aggregating Rs 36.9 Cr; 25% upfront of Rs 9.2 Cr received. Completes the previously pending warrant leg and marks the first equity-linked funding under the new Dholu management, supporting its expansion plans. Paid-up capital is unchanged until conversion; Rs 27.7 Cr balance is due within 18 months. Fresh shareholder approval is required; unexercised warrants lapse.
Lippi Systems Approves Name Change, Mineral Mining Pivot And New Management
Lippi Systems Approves Name Change And Mining Business Entry
Lippi Systems Approves Mineral Mining Pivot And New Management Appointments
Lippi Systems Approves Mineral Mining Shift Under Incoming Management
Lippi Systems Approves New Management And Mineral Mining Business Pivot