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Following the open offer, 34.83 lakh shares were transferred to the Dholu acquirers for ₹20.28 crore, giving them 50.99% ownership. The board replaced senior leadership, proposed renaming the company and pivoting to bentonite and minerals mining/processing, while the statutory and secretarial auditors resigned. Context: completes the control transition.
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
Guttikonda Rajasekhar and Vara Lakshmi Acquire 5.45% Stake in Lippi Systems