Likhitha Infrastructure has approved the issuance of 25,00,000 fully convertible warrants on a preferential basis, aggregating to ₹60 crore. The warrants will be issued at a price of ₹240 per share, which is higher than the price determined under Regulation 164 of the SEBI (ICDR) Regulations, 2018. The capital raised through this private placement is subject to shareholder approval.

The board meeting held on June 22, 2026, also saw the appointment of two Additional Directors designated as Executive Directors. Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram were appointed for a term of five years, effective from the date of the meeting. Mrs. Lohitha Gaddipati is the daughter of the Managing Director, while Mr. Chandra Dheerajram is the spouse of Whole Time Director and CFO Mrs. Likhitha Gaddipati.

Warrant Issue Details

The warrants are convertible into one fully paid-up equity share of face value ₹5 each. The conversion period is 18 months from the date of allotment. Allottees must pay 25% of the issue price at subscription and the remaining 75% upon conversion. If warrants are not exercised within the period, the amount paid will be forfeited.

Allottee Details

The warrants will be issued to 21 allottees, including promoters and non-promoters. Promoter Likhitha Gaddipati and Promoter Group Lohitha Gaddipati are key subscribers. Upon full conversion, the total shareholding of these allottees will increase to 5.96% of the company's equity share capital.

The trading window for Designated Persons remains closed until 48 hours after the conclusion of the board meeting. The intimation was signed by Pallavi Yerragonda, Company Secretary & Compliance Officer.

Likhitha Infrastructure Limited reported a decline in its financial performance for the year ended March 31, 2026, with net profit falling 42% year-on-year to ₹40.02 crore. Revenue from operations decreased to ₹456.73 crore from ₹521.22 crore in the previous fiscal year. The board approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026. The company also released its investor presentation for Q4 and FY26 on June 02, 2026.

FY26 Financial Performance

The company's profitability metrics contracted during the fiscal year. Net profit for FY26 stood at ₹40.02 crore, compared to ₹69.37 crore in FY25. EBITDA dropped to ₹62.46 crore from ₹100.35 crore, while the EBITDA margin narrowed to 13.56% from 19.38%. On a consolidated basis, the company reported a net profit of ₹38.55 crore for the year, down from ₹69.43 crore in FY25.

Q4 Performance

For the fourth quarter ended March 31, 2026, net profit fell 71% year-on-year to ₹5.15 crore. Revenue from operations decreased to ₹120.69 crore from ₹135.50 crore in Q4FY25. EBITDA for the quarter stood at ₹9.64 crore, down from ₹25.36 crore in the corresponding period of the previous year. The EBITDA margin narrowed to 7.92% from 18.53%.

Operational Highlights

The company's outstanding order book stood at approximately ₹850 crore as on March 31, 2026. Likhitha Infrastructure operates across four business segments: City Gas Distribution Projects, Cross Country Pipeline Projects, Operation & Maintenance Services, and Tankage. The auditors, NSVR & Associates LLP, issued an unmodified opinion on the standalone and consolidated financial results.