Likhitha Infra to Raise ₹60 Crore via Warrants, Appoints Two Executive Directors
Likhitha Infrastructure Limited approved a ₹60 crore preferential issue of 25 lakh warrants at ₹240 each. The company also appointed Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Executive Directors, effective June 22, 2026. Both appointments are for five years, pending shareholder approval.
The fundraising amount is significant for the company's size, and the appointment of new directors can bring fresh perspectives and drive future growth.
The company is raising capital through a preferential issue and appointing new executive directors, which are positive developments for growth and management.
Likhitha Infrastructure Limited announced on Monday, June 22, 2026, the outcome of its Board Meeting. The company approved the issuance of up to 25,00,000 (Twenty Five Lakhs) fully convertible warrants on a preferential basis through private placement, aggregating to ₹60,00,00,000 (Rupees Sixty Crore only). Each warrant will be issued at a price of ₹240/-, which is more than the price determined according to SEBI regulations.
The issuance is subject to shareholder and other necessary regulatory approvals. The warrants are convertible into equity shares of face value ₹5/- each, with 25% of the issue price payable at the time of subscription and the remaining 75% payable at the time of exercise. The conversion can be exercised within 18 months from the date of allotment, failing which the unexercised warrants and the amount paid will stand forfeited.
In addition, the Board approved the appointment of Mrs. Lohitha Gaddipati (DIN: 11108258) and Mr. Chandra Dheerajram (DIN: 11108257) as Additional Directors, designated as Executive Directors, with effect from June 22, 2026. Both directors have been appointed for a period of five years and are not liable to retire by rotation, subject to shareholder approval. Mrs. Lohitha Gaddipati holds a B.Tech. in Civil Engineering and a Graduate Diploma in Design. Mr. Chandra Dheerajram, who joined Likhitha as General Manager of Operations in 2020, holds degrees in Computer Science and brings extensive experience from his career in the United States. The Board meeting commenced at 04:10 P.M. and concluded at 06:59 P.M.
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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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