Likhitha Infrastructure will hold an EGM on July 22, 2026, to approve raising ₹60 crore via convertible warrants. The funds are earmarked for capital and working capital needs. The company also plans to appoint two Executive Directors.
Likhitha Infrastructure Proposes ₹60 Crore Fundraise Via Warrants
Likhitha Infrastructure Ltd is set to raise up to ₹60 crore by issuing 25,00,000 convertible warrants at ₹240 per warrant. The company will seek shareholder approval for this preferential issue at an Extraordinary General Meeting (EGM) scheduled for July 22, 2026.
Reader Takeaway: Capital infusion planned; board appointments to be decided.
What just happened
The company has announced an Extraordinary General Meeting (EGM) for July 22, 2026. The primary agenda is to approve a preferential issue of up to 25,00,000 convertible warrants to raise ₹60 crore. Additionally, shareholders will vote on appointing Mr. Chandra Dheerajram and Mrs. Lohitha Gaddipati as Executive Directors for five years, effective June 22, 2026.
Why this matters
This EGM is crucial for Likhitha Infrastructure's growth plans. The ₹60 crore raised will be used for capital expenditure (₹54 crore) and working capital (₹6 crore), signaling investment in expanding operational capacity. The appointments of executive directors will also shape the company's leadership and strategic direction.
The backstory
Likhitha Infrastructure is involved in providing passive telecom infrastructure services. The company's strategic decisions, including capital raising and board appointments, are key indicators of its future growth trajectory and operational expansion plans.
What changes now
If approved by shareholders, the company will proceed with the preferential issue of warrants. Subscribers will pay 25% of the warrant price upfront and the remainder upon conversion within 18 months. The appointments of the two Executive Directors will also be regularized, impacting the company's management structure.
Risks to watch
Potential equity dilution upon conversion of warrants is a key factor for investors to consider. The success of the fundraising and the effective deployment of funds for capex and working capital will be critical. The performance of the new executive directors will also be important.
Peer comparison
Companies in the passive telecom infrastructure sector often raise capital to fund expansion. The terms of Likhitha's warrant issue and the proposed use of funds will be compared against industry benchmarks.
Context metrics (time-bound)
- Fundraising Goal: ₹60 crore
- Number of Warrants: 25,00,000
- Warrant Exercise Price: ₹240
- Proposed Capex Allocation: ₹54 crore
- Proposed Working Capital Allocation: ₹6 crore
- EGM Date: July 22, 2026
- Director Appointment Effective Date: June 22, 2026
- Warrant Conversion Period: Within 18 months of allotment
What to track next
Investors should closely follow the voting outcome at the EGM on July 22, 2026. Monitoring the subscription of warrants, the deployment of capital, and the strategic contributions of the new directors will be key.