Likhitha Infrastructure to raise ₹60 Crore via Warrants; Appoints 2 Executive Directors
Likhitha Infrastructure will raise ₹60 crore by issuing 25 lakh convertible warrants at ₹240 each via preferential allotment. The company also appointed Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Executive Directors. Both appointments are effective from June 22, 2026.
The fundraising amount is significant for the company's size, and the appointment of new executive directors can impact strategic direction.
The company is raising capital through warrants and appointing new directors, indicating growth and expansion plans.
Likhitha Infrastructure Limited announced on June 22, 2026, the outcome of its Board Meeting, which included significant decisions regarding fundraising and leadership appointments.
The company approved the issuance of up to 25,00,000 warrants, each 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 regulatory approvals.
In addition to the fundraising initiative, the Board appointed two new Additional Directors, both designated as Executive Directors. Mrs. Lohitha Gaddipati (DIN: 11108258) and Mr. Chandra Dheerajram (DIN: 11108257) have been appointed to the board effective from June 22, 2026. Both will hold office 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, while Mr. Chandra Dheerajram brings a background in computer science and extensive experience in project management and operational leadership, having previously served as General Manager of Operations at Likhitha Infrastructure.
The Board meeting commenced at 04:10 PM and concluded at 06:59 PM on June 22, 2026.
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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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