
Board Meeting22 Jun 2026, 07:50 pm
Likhitha Infrastructure Approves Warrants Issue & Director Appointments
AI Summary
Likhitha Infrastructure Ltd's Board of Directors, in a meeting held on June 22, 2026, approved the issuance of up to 25,00,000 convertible warrants on a preferential basis at ₹240 per warrant, aiming to raise ₹60 crore. The warrants are convertible into equity shares. Additionally, the board approved the appointment of Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Additional Directors, designated as Executive Directors, effective from the same date. These decisions are subject to shareholder and regulatory approvals.
Key Highlights
- Company to raise ₹60 crore via convertible warrants.
- Approves appointment of two new Executive Directors.
- Fundraising is subject to shareholder and regulatory nod.
- Warrants priced at ₹240, convertible into equity shares.
Price Impact
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