Likhitha Infrastructure Limited will raise ₹60 crore by issuing 25 lakh convertible warrants at ₹240 each. The company also appointed two new executive directors, Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram, to its board.
Likhitha Infrastructure Limited: ₹60 Crore Warrant Issue and Board Expansion
Likhitha Infrastructure Limited announced plans to raise ₹60 crore by issuing 25 lakh convertible warrants. The company has also appointed two new executive directors. Reader Takeaway: Fund infusion supports growth; new directors bolster leadership expertise. ## What just happened Likhitha Infrastructure's Board of Directors approved the issuance of up to 25 lakh convertible warrants on a preferential basis. The total fundraising amount is ₹60 crore, with each warrant priced at ₹240. These warrants are convertible into one equity share of face value ₹5. The subscription involves an upfront payment of 25% of the issue price, with the remaining 75% due upon exercise within an 18-month tenure. Additionally, the company appointed Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Executive Directors, effective June 22, 2026, for a five-year term. ## Why this matters The ₹60 crore capital raised will provide Likhitha Infrastructure with crucial funds to support its expansion plans and operational growth. The preferential issue structure allows for staged capital infusion. The appointment of two new directors, bringing engineering and operational experience, is expected to strengthen the company's management and execution capabilities. ## The backstory Likhitha Infrastructure operates in the infrastructure sector, focusing on providing services related to telecommunication infrastructure, including tower infrastructure and associated services. This fundraising is a step towards securing capital for future projects and enhancing its service offerings. ## What changes now The company now has access to additional capital for strategic initiatives. The new directors are expected to bring fresh perspectives and operational expertise to the board, potentially driving efficiency and strategic decision-making. ## Risks to watch Investors will need to monitor the effective utilization of the raised capital and the company's ability to achieve its growth objectives. The conversion of warrants into equity will also impact the company's shareholding pattern and Earnings Per Share (EPS). ## Peer comparison Companies in the infrastructure and telecommunication services sector often raise capital through preferential issues or rights issues to fund expansion. Key peers include companies involved in telecom tower infrastructure, fiber optic network deployment, and related engineering services. ## Context metrics (time-bound) * **Fundraising Amount:** ₹60 crore (₹6000 lakh) * **Securities Issued:** 25 lakh Convertible Warrants * **Issue Price:** ₹240 per warrant * **Tenure:** 18 months from allotment ## What to track next Investors should track the progress of warrant conversion, the deployment of the ₹60 crore funds into specific projects, and the impact of the new executive directors on the company's performance and strategic direction.
