BSECompany Update6d ago · 28 Jul 2026, 07:13 pm
We wish to inform you that we are in receipt of enclosed Advertisements (public notice) by Vivro Financial Services Private Limited in relation to the attention of the Public Shareholders ....
Lippi Systems Ltd-$ · 526604
✦ AI SummaryRegulatory
Lippi Systems Ltd-$ has received public notice for an open offer for the acquisition of up to 33,82,231 equity shares from public shareholders by Vivro Financial Services Private Limited, representing 25.05% of the expanded share capital.
Analysis Scores
Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Lippi Systems Ltd-$ - 526604 - Announcement under Regulation 30 (LODR)-Newspaper Publication
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July 28, 2026
BSE Limited
Phiroze Jejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 526604
Sub: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
Ref: Pre-Offer Advertisement for Open Offer for the acquisition of Equity Shares from the Public
Shareholders of Lippi Systems Limited (“Target Company”) by Vinesh Shivji Dholu (“Acquirer 1”),
Jagdish Shivji Dholu (“Acquirer 2”), Shivji Karamshi Dholu (“Acquirer 3”), Jagruti Vinesh Dholu
(“Acquirer 4”), Parul Jagdish Dholu (“Acquirer 5”) (collectively “Acquirers”) pursuant to and in
compliance with the requirements of the SEBI (SAST) Regulations (“Open Offer” or “Offer”).
Dear Sir/Madam,
We wish to inform you that we are in receipt of enclosed Advertisements (public notice) by Vivro Financial
Services Private Limited in relation to the attention of the Public Shareholders of Lippi Systems Limited.
Kindly take the same in your records and disseminate it to the shareholders.
Thanking You,
Yours Faithfully,
For, Lippi Systems Limited
Nandlal J. Agrawal
Managing Director
DIN: 00336556
Encl: As above
Regd. Office: 601 & 602, 6th Floor, Shaligram Corporate, Nr. Dishman House, Iscon – Ambli Road,
Ahmedabad – 380058. Telephone : 079-35219264, Email : cs@lippisystems.com, Website :
www.lippisystems.com
CIN: L22100GJ1993PLC020382
PUBLIC NOTICE FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
LIPPI SYSTEMS LIMITED
Registered Office: 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad,
380058 Gujarat, India | CIN: L22100GJ1993PLC020382 | Tel. No: 079-35335608/35219264 |
Email: cs@lippisystems.com | Website: www.lippisystems.com
OPEN OFFER FOR THE ACQUISITION OF UP TO 33,82,231 (THIRTY THREE LAKH EIGHTY TWO THOUSAND TWO HUNDRED
THIRTY ONE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ?10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”)
REPRESENTING THE ENTIRE PUBLIC SHAREHOLDING CONSTITUTING 25.05% (TWENTY FIVE POINT ZERO FIVE
PERCENTAGE) OF THE EXPANDED SHARE CAPITAL OF LIPPI SYSTEMS LIMITED (“TARGET COMPANY”) FROM THE PUBLIC
SHAREHOLDERS BY VINESH SHIVJI DHOLU (“ACQUIRER 1”), JAGDISH SHIVJI DHOLU (“ACQUIRER 2”), SHIVJI KARAMSHI
DHOLU (“ACQUIRER 3”), JAGRUTI VINESH DHOLU (“ACQUIRER 4”), PARUL JAGDISH DHOLU (“ACQUIRER 5”) (ACQUIRER
1, ACQUIRER 2, ACQUIRER 3, ACQUIRER 4 AND ACQUIRER 5 ARE COLLECTIVLY REFFERED AS “ACQUIRERS”) PURSUANT
TO AND IN COMPLIANCE WITH REGULATION 3(1) AND 4 READ WITH OTHER APPLICABLE PROVISIONS OF SEBI (SAST)
REGULATIONS (“OPEN OFFER” OR “OFFER”).
This public notice (“Notice”) is being issued by Vivro Financial Services Limited, the Manager to the offer (“Manager to the
Offer”), for and on behalf of the Acquirer.
1. This is to bring to the notice of Public Shareholders that the dispatch of Letter of Offer to the Public Shareholders of Lippi
Systems Limited was completed on July 11, 2026 through email and on July 13, 2026 through speed post. Those Public
Shareholders who have not received the Letter of Offer through email or speed post may download the same from website of
SEBI at www.sebi.gov.in, website of BSE at www.bseindia.com or website of the Manager to the Offer at www.vivro.net.
2. Public Shareholder having any queries regarding Open Offer or for requirement of physical copy of LOF may contact
Registrar to the Offer or Manager to the Offer.
Registrar to the Offer
Cameo Corporate Services Limited
Address: Subramainan Building No.1, Clubhouse Road, 600002 Chennai, Tamilnadu, India.
CIN: U67120TN1998PLC041613 | Tel No.: +91-44-2846 0390/4002 0700
Website: cambridge.cameoindia.com | SEBI Reg. No.: INR000003753
Contact Person: K Sreepriya | Email: priya@cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Issued by the Manager to the Offer on behalf of the Acquirer
Vivro Financial Services Private Limited
Address: Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad -
380007. Gujarat. India. | Tel No.: 079-4040 4242 |
SEBI Reg. No. MB/INM000010122 | Website: www.vivro.net
Email: investors@vivro.net | Contact Person: Shivam Patel
Capitalized terms used but not defined in this public notice shall have the meaning assigned to such terms in the LOF.
For and on behalf of the Acquirers:
Sd/- Sd/- Sd/- Sd/- Sd/-
Vinesh Shivji Dholu Jagdish Shivji Dholu Shivji Karamshi Dholu Jagruti Vinesh Dholu Parul Jagdish Dholu
(Acquirer 1) (Acquirer 2) (Acquirer 3) (Acquirer 4) (Acquirer 5)
Date: July 27, 2026
Place: Ahmedabad, Gujarat.
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