Announced Thu, 16 Jul · 16:49 IST
Likhitha Infrastructure corrigendum for EGM on preferential warrant issue
Fund Raising View source PDF
LIKHITHA · price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹243.00
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AI summary
Likhitha Infrastructure issued a corrigendum to its July 22, 2026 EGM notice. Per NSE and BSE directions, it adds details on a proposed preferential issue of 25 lakh convertible warrants worth around Rs. 60 crore. About Rs. 54 crore is for oil and gas pipeline equipment, Rs. 6 crore for working capital. Promoter holding will dip from 70.25 percent to 67.55 percent.
Likely market impact
EGM vote on July 22, 2026 to approve Rs. 60 crore preferential warrant issue. Approval brings growth capital but dilutes promoter stake by about 2.7 percent.