Likhitha Infrastructure Ltd

Financial results

• Unaudited standalone and consolidated results for Q1 ended June 30, 2026 approved.
• Limited Review Report by the statutory auditor enclosed as Annexure-A.

Appointment of Company Secretary and KMP

• Appointment date: 14 August 2026; Vaishali Tiwari appointed as Company Secretary and Compliance Officer.
• Designation as Key Managerial Personnel with immediate effect.
• ACS: 79996.

Unaudited Q1 2026 results

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved; Limited Review Report enclosed Annexure-A.

Appointment of CS & Compliance Officer

• Ms. Vaishali Tiwari (ACS: 79996) appointed as Company Secretary & Compliance Officer, KMP, effective 14 August 2026.

Meeting Details

• Board meeting scheduled for Friday, August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 to 48 hours post-quarter results for designated persons and connected persons.

Purpose and scope

• Amendment to Explanatory Statement for EGM regarding 25,00,000 warrants in a preferential issue.

Allottees and allocation

• 21 proposed allottees across promoter, promoter group, and non-promoter categories.

Warrant allotment and post-issue impact

• Total warrants to be allotted: 25,00,000; post-issue shares: 25,05,716 (5.99%).

Pre-issue base

• Pre-issue shareholding: 5,716 shares (0.01%).

Representative allottee examples

• Promoter Likhitha Gaddipati to receive 3,25,000 warrants; post-issue 0.78%.
• Promoter group Lohitha Gaddipati to receive 3,00,000 warrants; post-issue 0.95%.
• Non-promoter Chennamaneni Sushmitha to receive 5,00,000 warrants; post-issue 1.19%.

Corrigendum highlights

• Corrigendum to EGM notice adds disclosures for proposed preferential issue of warrants.
• Proceeds earmarked: ₹6 crore for working capital, ₹54 crore for capital expenditure.
• Total issue proceeds expected: ₹60 crore, fully convertible within 18 months of allotment.
• Proceeds to be utilized in phases, within 6 months of funds receipt; +/-10% variance allowed.
• Capital expenditure intends to acquire plant, machinery for oil and gas pipelines to build asset-heavy operations.
• Promoter stake pre-issue 70.25% reduces to 67.55% post-issue; public rises to 32.45%.
• Allotment to be completed within 15 days of shareholder approval or regulatory clearance; EGM on July 22, 2026.
• Proposed allottees include promoters and multiple non-promoter individuals.

Resignation of Company Secretary & Compliance Officer

• Pallavi Yerragonda, Company Secretary and Compliance Officer, resigns.
• Resignation effective 11 July 2026.
• Reason: to pursue other career opportunities.

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• Not applicable as all shares are in demat form and no requests were received.

Rating action and details

• CRISIL reaffirms LT A/Stable and ST A1 for Rs 300 crore bank facilities.
• Total facilities rated amount to Rs 300 crore.
• Rating validity until 31 December 2026 with surveillance ongoing.
• Bank-wise facilities include guarantees/overdrafts from Kotak, ICICI and YES Bank.
• CRISIL ratings are kept under continuous surveillance and review.

EGM Details

• EGM scheduled for July 22, 2026 at 12:00 PM via VC/OAVM.
• Special Resolution: issue Convertible Warrants on a preferential basis.
• Ordinary Resolution: regularise Chandra Dheerajram as Executive Director; remuneration.
• Ordinary Resolution: regularise Lohitha Gaddipati as Executive Director; remuneration.
• Remote e-voting planned July 19–21, 2026; cut-off July 15, 2026.
• No voting results disclosed in the filing.

Warrant terms

• Up to 25,00,000 warrants at Rs 240 each, convertible into equity shares.
• Total issue up to Rs 60 crore; exercise within 18 months.
• Upfront 25% payable at subscription; balance 75% on exercise.
• Proposed allottees include promoters and promoter group.
• Floor price determined as Rs 188.87–234.42; relevant date 22 June 2026.
• Warrants and shares subject to ICDR lock-in.
• Post-issue promoter holding about 67.55%; non-promoter about 32.45%.
• Promoter control expected to remain unchanged.
• Maximum issue proceeds up to Rs 60 crore.

Shareholding impact

• Post-issue promoters’ stake ~67.55%; non-promoters ~32.45%.
• Total post-issue share capital around 41.95 million shares.
• No change in control anticipated.

Use of proceeds

• Working capital requirement: Rs 6 crore; six months timeline.
• Capital expenditure: Rs 54 crore; six months timeline.
• 100% proceeds to be received within 18 months.

Remuneration details

• Chandra Dheerajram: salary up to Rs 1.2 crore per annum.
• Perquisites and allowances as per policy; no sitting fees.
• Lohitha Gaddipati: salary up to Rs 18 lakh per annum.

Other governance

• Warrants to be listed on BSE/NSE; ranking pari-passu.
• Warrants lock-in under ICDR Regulations.
• Relevant date fixed for price purpose: 22 June 2026.
• Board authorized to finalize terms and listings as required.