StockWatch
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Civil Construction
AGM/EGM30 Jul 2026, 05:10 pm

Likhitha Infrastructure Amends EGM Explanatory Statement for Preferential Issue

AI Summary

Likhitha Infrastructure Ltd has amended the Explanatory Statement for its Extraordinary General Meeting (EGM) originally dated June 22, 2026, and further amended by a Corrigendum dated July 16, 2026. The amendments pertain to the preferential issue of 25,00,000 Warrants. Specifically, point (m) of Item No. 1 in the Explanatory Statement, detailing the proposed allottees and their post-preferential offer shareholding, has been updated. The update includes the pre-existing shareholding details for Mr. Paladugu Venkateswarlu, one of the proposed allottees, leading to revised pre-issue and post-issue shareholding figures. The total post-issue shareholding is now reported as 5.99%.

Key Highlights

  • Amendments made to EGM Explanatory Statement regarding preferential issue of warrants.
  • Shareholding disclosure table updated with new pre-issue and post-issue figures.
  • Pre-existing shareholding of Paladugu Venkateswarlu now included.
  • Total post-issue shareholding updated to 5.99% after warrant allotment.
  • The company is proceeding with the preferential issue of 25,00,000 warrants.