Likhitha Infrastructure Limited has secured a significant international order worth approximately ₹510 Crores from China Petroleum Engineering and Construction Corporation-Abu Dhabi. The contract, dated June 26, 2026, involves the construction of Pipeline Package - 1 (ASAB) and is expected to be executed over a period of 21 months. This development marks a major expansion in the company's overseas project portfolio.

The order details were disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The awarding entity is classified as an international entity, and the commercial consideration for the project is approximately ₹510 Crores (USD 5,40,00,000). The project execution timeline is set at 21 months, subject to other terms and conditions as per the Letter of Award (LOA).

The company clarified that none of the promoters, promoter group, or group companies hold any interest in the entity that awarded the order. Furthermore, the filing explicitly stated that the order does not fall within related party transactions. The disclosure was made by Pallavi Yerragonda, Company Secretary & Compliance Officer of Likhitha Infrastructure Limited.

Order Details

The key parameters of the awarded contract are summarised below:

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.