StockWatch
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Civil Construction
Board Meeting22 Jun 2026, 07:40 pm

Likhitha Infrastructure Approves Preferential Issue of Warrants

AI Summary

Likhitha Infrastructure Ltd's Board of Directors has approved the issuance of up to 25,00,000 convertible warrants on a preferential basis. The warrants will be issued at a price of ₹240 each, convertible into one equity share, aggregating to ₹60 crore. This move is subject to shareholder and regulatory approvals. Additionally, Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram were appointed as Additional Directors, designated as Executive Directors. The meeting also saw the appointment of Mrs. Lohitha Gaddipati as an Additional Director.

Key Highlights

  • Board approves preferential issue of 25 lakh convertible warrants.
  • Fundraising target of ₹60 crore via warrant issuance.
  • Warrants priced at ₹240, convertible into equity shares.
  • Two new Executive Directors appointed to the Board.