resignation of st auditor

August 27, 2026 BSE Limited, 25th Floor, P J Towers, Dalal Street, Fort, Mumbai ‐ 400 001 Scrip Code: 526604 Subject: Outcome of the Meeting of the Board of Directors and Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to above subject and in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the outcome of the Meeting of the Board of Directors held today i.e., Thursday, August 27, 2026, at 5.30 p.m. and concluded on 10.10 p.m. inter alia considered and approved the following: 1. Change in the name of the Company from “Lippi Systems Limited” to “Nilkanth Resources Limited”, or such other name as may be approved by the Registrar of Companies and other competent authorities; and; The details required under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, as the material event as provided under Part A of Schedule III of the Listing Regulations is given in the enclosed Annexure-1. 2. Change of the existing Main Objects Clause of the Memorandum of Association of the Company to enable the Company to undertake activities in the field of Integrated Bentonite and other minerals Mining & Processing, subject to applicable laws and regulatory approvals; The details required under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, as the material event as provided under Part A of Schedule III of the Listing Regulations are enclosed Annexure-2. 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 3. Adoption of amended Memorandum of Association (“MOA”) of the Company as per Companies Act, 2013 subject to approval of shareholders of the Company; The details required under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, as the material event as provided under Part A of Schedule III of the Listing Regulations are enclosed Annexure-3. 4. On the recommendation of Nomination and Remuneration Committee, appointment of Mr. Vinesh Dholu (DIN:02953383) as an Additional Director (Executive Non-Independent Director) of the Company w.e.f. 27th August, 2026 who will hold office upto the ensuing Annual General Meeting, pursuant to post open offer announcement; 5. On the recommendation of Nomination and Remuneration Committee, appointment of Mr. Vinesh Dholu (DIN: 02953383) as Executive Director for a period of five years, commencing from 27th August, 2026 to 26th August, 2031 subject to approval from shareholders of the Company, pursuant to post open offer announcement; 6. On the recommendation of Nomination and Remuneration Committee, Appointment of Mr. Jagdish Dholu (DIN: 06683968) as Additional Director (Executive Non-Independent Director) of the Company w.e.f. 27th August, 2026 who will hold office upto the ensuing Annual General Meeting, pursuant to post open offer announcement; 7. Appointment of Mr. Jagdish Dholu (DIN: 06683968) as Managing Director for a period of five years, commencing from 27th August, 2026 to 26th August, 2031 subject to approval from shareholders of the Company, pursuant to post open offer announcement; Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 for the said appointments of Mr. 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 Vinesh Dholu (DIN: 02953383) and Mr. Jagdish Dholu (DIN: 06683968) is enclosed as Annexure-4 8. On the recommendation of Nomination and Remuneration Committee, appointment of Mr. Jaimish Patel (DIN: 09647742) as an Additional Director of the Company under Non-Executive and Independent Director category for a period of 5 (Five) consecutive years starting from August 27, 2026 subject to approval of shareholders of the Company; 9. On the recommendation of Nomination and Remuneration Committee, appointment of Mr. Shivji Dholu (DIN: 01941254) as an Additional Director in the category of Non-Executive, Non-Independent Director of the Company with effect from August 27, 2026, to hold office up to the date of the ensuing Annual General Meeting of the Company, subject to approval of the shareholders. Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 for Appointment of Mr. Jaimish Patel (DIN: 09647742) and Mr. Shivji Dholu (DIN: 01941254) is enclosed as Annexure-5 10.Acceptance of resignation of Mr. Nandlal Jaigopal Agrawal (DIN: 00336556) from the Director as well as Managing Director of the Company w.e.f. 27th August, 2026, pursuant to post open offer announcement; 11.Acceptance of resignation of Mr. Tirthraj Ashokbhai Pandya (DIN: 02972285) from the Director as well as Non-Executive Director of the Company w.e.f. 27th August, 2026, pursuant to post open offer announcement; 12.Acceptance of resignation of Mr. Kunal Nandlal Agrawal (DIN: 00169324) from the Director as well as Whole Time Director of the Company w.e.f. 27th August, 2026, pursuant to post open offer announcement; 13.Acceptance of resignation of Mrs. Apexa Ajaykumar Panchal (DIN: 10239502) from the Director as well as Independent Woman Director of the Company w.e.f. 27th August, 2026, pursuant to post open offer announcement; 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 Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 for resignation of Mr. Nandlal Jaigopal Agrawal, Tirthraj Ashokbhai Pandya, Mr. Kunal Agrawal and Mrs. Apexa Panchal is enclosed as Annexure-6.: 14.Considered and approved Reclassification of the status of Promoters “Promoter Category” to “Public Category”; Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure-7. 15.Take note of Transfer of shares under Share Purchase Agreement (SPA) which has been entered in to (i) Nandlal J Agrawal, (ii) Kunal Nandlal Agrawal, (iii) Shashikalaben Nandlal Agrawal and (iv) Neha Sumit Sanghvi being members of the promoters and promoter group (“Sellers”) of the Target Company and the Target Company on May 18, 2026 in terms of which, Sellers have agreed to sell 35,67,969 (Thirty Five Lakhs Sixty Seven Thousand Nine Hundred Sixty Nine) Equity Shares (“Sale Shares”) at a price of ₹ 56.84/- (Rupees Fifty Six and Paise Eighty Four On [Showing first 8,000 characters — download PDF for full document]