Likhitha Infrastructure Limited has scheduled an Extraordinary General Meeting (EGM) on July 22, 2026, to seek shareholder approval for raising up to ₹60,00,00,000 through the preferential allotment of convertible warrants. The company also proposes to regularise the appointment of two Executive Directors, Mr. Chandra Dheerajram and Mrs. Lohitha Gaddipati, for a five-year term. The meeting will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM).

The Board of Directors approved the proposal to issue up to 25,00,000 warrants, each convertible into one fully paid-up equity share with a face value of ₹5. The warrants will be issued at a price of ₹240 per warrant, comprising an upfront payment of 25% (₹60) and the balance 75% (₹180) payable upon exercise. The warrants can be exercised within 18 months from the date of allotment. The issue aims to augment capital expenditure and working capital requirements, with ₹54,00,00,000 earmarked for capital expenditure and ₹6,00,00,000 for working capital.

Preferential Allotment Details

The warrants will be allotted to 21 proposed allottees, including promoters and non-promoters. Promoter Likhitha Gaddipati and Promoter Group member Lohitha Gaddipati are proposed to receive 3,25,000 and 3,00,000 warrants respectively. The issue price of ₹240 is higher than the floor price determined as per SEBI ICDR Regulations, which was calculated based on the volume weighted average price (VWAP) of the company's equity shares on the National Stock Exchange.

Director Appointments

The EGM will seek shareholder approval to regularise the appointment of Mr. Chandra Dheerajram (DIN: 11108257) and Mrs. Lohitha Gaddipati (DIN: 11108258) as Executive Directors. Both were appointed as Additional Directors by the Board on June 22, 2026. Their tenures are proposed to extend for five years, concluding on June 21, 2031. Mr. Chandra Dheerajram will be eligible for a salary not exceeding ₹1,20,00,000 per annum, while Mrs. Lohitha Gaddipati will be eligible for a salary not exceeding ₹18,00,000 per annum, along with applicable perquisites and allowances.

Voting and Meeting Details

Remote e-voting will be available from July 19, 2026, at 09:00 a.m. to July 21, 2026, at 05:00 p.m. Shareholders holding shares as on the cut-off date of July 15, 2026, are eligible to vote. The facility of e-voting will also be available during the EGM. Bigshare Services Private Limited has been appointed to facilitate the e-voting process. The notice of the EGM is available on the company's website.

Likhitha Infrastructure disclosed that its promoter group did not create any new encumbrance on shares during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges, confirms that no shares were pledged directly or indirectly by the promoters or persons acting in concert, other than those previously disclosed. This compliance filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The disclosure was signed by Srinivasa Rao Gaddipati, Promoter and Managing Director, on behalf of the promoter group. The filing provides a detailed breakdown of the shareholding structure as of March 31, 2026, highlighting the stakes held by key members of the promoter group.

Shareholding Details

The promoter group holds a significant majority in the company, with the total shareholding accounting for 70.25% of the total diluted share or voting capital. The individual holdings are detailed in the table below:

Srinivasa Rao Gaddipati remains the largest shareholder within the promoter group. The declaration has been forwarded to the members of the Audit Committee and the Company Secretary and Compliance Officer of Likhitha Infrastructure Limited for record-keeping purposes.