Likhitha Infrastructure Limited amended its Extraordinary General Meeting (EGM) explanatory statement on July 30, 2026, to correct the pre-issue and post-issue shareholding details of allottees for its proposed preferential issue of 25,00,000 warrants. The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, responds to a query from the National Stock Exchange of India Ltd. dated July 24, 2026. The correction primarily updates the pre-existing shareholding of Mr. Paladugu Venkateswarlu and adjusts the total post-issue capital percentages for all 21 proposed allottees, ensuring accurate transparency regarding promoter and non-promoter exposure following the warrant conversion.

The amendment clarifies that Mr. Paladugu Venkateswarlu, previously listed with zero pre-issue shares, actually holds 1,765 shares prior to the allotment. Consequently, his post-issue holding is corrected to 26,765 shares (0.06% of post-issue capital), rather than the previously stated 25,000 shares. This adjustment slightly alters the aggregate post-issue shareholding percentage of the total 25,00,000 warrants issued, which now represents 5.99% of the expanded capital base, up from earlier estimates. The total pre-issue shares held by all allottees combined stand at 5,716, constituting 0.01% of the existing capital.

Allottee Shareholding Breakdown

The preferential issue involves two promoters and 19 non-promoters. Likhitha Gaddipati, a promoter, will see her stake rise from 3,250 shares (0.01%) to 3,28,250 shares (0.78%) after receiving 3,25,000 warrants. Lohitha Gaddipati, part of the promoter group, will acquire 3,00,000 warrants, moving from zero to 3,00,000 shares (0.95%). The largest single allotment among non-promoters goes to Chennamaneni Sushmitha, who will receive 5,00,000 warrants, resulting in a 1.19% post-issue stake.

The remaining 13 non-promoter allottees, including Divya Tantia, Pallavi Toshniwal, and Paladugu Venkateswarlu, receive between 15,000 and 75,000 warrants each. Their individual post-issue stakes range from 0.02% to 0.18%. The correction ensures that the total post-issue shareholding accurately reflects the dilution impact on existing shareholders, who collectively hold the remaining 94.01% of the capital.

What the Numbers Show

The amendment highlights the precision required in regulatory disclosures for preferential issues. While the absolute number of shares corrected for Mr. Paladugu Venkateswarlu is small (1,765 shares), its inclusion changes the narrative from "zero pre-existing interest" to "existing minor shareholder," which may have implications for related-party transaction assessments under SEBI norms. The concentrated nature of the allotment, with the top three allottees receiving over 60% of the total warrants, indicates a strategic placement among key stakeholders rather than a broad-based retail offering. The promoter group’s increased stake from negligible levels to nearly 1.73% combined suggests a renewed commitment to equity participation alongside the debt-like instrument of convertible warrants.

Likhitha Infrastructure Limited accepted the resignation of Mrs. Pallavi Yerragonda from the post of Company Secretary and Compliance Officer effective July 11, 2026. The resignation, tendered to pursue other career opportunities, was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company informed BSE Limited and the National Stock Exchange of India Ltd. that the cessation of duties occurred at the close of business hours on July 11, 2026. The disclosure was made in compliance with SEBI Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

The filing provided specific details regarding the change in the Key Managerial Personnel (KMP). The resignation was formally accepted by the Managing Director, Srinivasa Rao Gaddipati.

In her resignation letter addressed to the Board of Directors, Mrs. Yerragonda expressed gratitude for the support and cooperation extended during her tenure. The company has acknowledged the receipt of the letter and placed it on record.