Likhitha Infrastructure Board Approves Allotment of 25 Lakh Convertible Warrants
Likhitha Infrastructure's Board approved the allotment of 25,00,000 convertible warrants on September 09, 2026. The company received ₹15 crore as 25% consideration. Warrants are convertible into equity shares at ₹180 within 18 months. The total issue size is ₹60 crore at ₹240 per warrant.
The preferential allotment of warrants will raise capital for the company, which can be used for growth or operational needs. The amount raised is significant but does not represent a transformative change in the company's scale.
The allotment of convertible warrants to promoters and other investors, along with the receipt of 25% of the consideration, is a positive development for the company's fundraising efforts.
Likhitha Infrastructure Limited announced the outcome of a circular resolution passed by its Board of Directors on September 09, 2026, approving the allotment of 25,00,000 (Twenty-Five Lakh) Convertible Warrants. These warrants are convertible into an equal number of Equity Shares of face value ₹5 each.
The allotment is made pursuant to a special resolution passed at the Extraordinary General Meeting (EGM) on July 22, 2026, and has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited on August 27, 2026.
The company has received 25% of the total consideration, amounting to ₹15,00,00,000 (Rupees Fifteen Crore), from the allottees. The warrants carry an exercise price of ₹180 per warrant, equivalent to 75% of the issue price, and can be converted within a maximum period of 18 months from the allotment date of September 09, 2026.
As of the allotment date, there is no change in the company's paid-up share capital. The detailed disclosure includes the names of 21 allottees, including promoters Likhitha Gaddipati and Lohitha Gaddipati, and details of their pre-issue and post-issue shareholding upon conversion. The issue price per warrant is ₹240, comprising a face value of ₹5 and a premium of ₹235, aggregating up to ₹60,00,00,000 (Rupees Sixty Crore).
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.