Likhitha Infra Approves ₹60 Cr Preferential Issue, Appoints 2 Executive Directors
Likhitha Infrastructure Limited will raise ₹60 crore via preferential issue of 25 lakh convertible warrants at ₹240 each. The company also appointed Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Additional Executive Directors for a five-year term.
The fundraising of ₹60 crore is a significant amount for the company, and the appointment of new directors can impact strategic direction. However, it is not a transformative event for the entire industry.
The company is raising capital through a preferential issue and appointing new directors, which are positive developments for growth and governance.
Likhitha Infrastructure Limited announced a significant board meeting outcome on Monday, June 22, 2026. The company approved the issuance of up to 25,00,000 warrants, each fully convertible into one equity share, at an issue price of ₹240 per warrant. This preferential issue, through private placement, aims to raise an aggregate of ₹60 crore. The issuance is subject to shareholder and other necessary regulatory approvals.
In addition to the fundraising, the board approved the appointment of two new Additional Directors, designated as Executive Directors. Mrs. Lohitha Gaddipati (DIN: 11108258) and Mr. Chandra Dheerajram (DIN: 11108257) have been appointed to these roles, effective from June 22, 2026, for a term of five years. Both directors are not liable to retire by rotation and their appointments are subject to shareholder approval. The board meeting commenced at 04:10 PM and concluded at 06:59 PM on the same day.
What to do with a filing like this
Likhitha Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Likhitha Infrastructure Limited. Read the original for the full detail.