StockWatch
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Civil Construction
Board Meeting22 Jun 2026, 07:50 pm

Likhitha Infrastructure Approves ₹600 Cr Preferential Issue & Director Appointments

AI Summary

Likhitha Infrastructure Ltd's Board of Directors, in a meeting held on June 22, 2026, approved a preferential issue of up to 25,00,000 warrants, convertible into equity shares, at an issue price of ₹240 per warrant. This aims to raise approximately ₹600 crore, subject to shareholder and regulatory approvals. The board also approved the appointment of Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Additional Directors, designated as Executive Directors, effective from the same date. The meeting commenced at 4:10 PM and concluded at 6:59 PM.

Key Highlights

  • Company to raise ₹600 crore via convertible warrants on preferential basis.
  • Issue price for warrants fixed at ₹240 per share.
  • Two new Executive Directors appointed to the Board.
  • Shareholder and regulatory approvals are pending for the fundraise.