Announced Mon, 22 Jun · 19:35 IST
Two exec directors appointed; Rs 60 cr warrants on preferential basis
LIKHITHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹255.37
prior close
₹260.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+2.8+0.0+0.0+3.7+1.8+5.9+4.9+4.3+2.8-5.6-9.5——
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AI summary
Likhitha Infrastructure board on June 22, 2026 approved: (1) appointment of Mrs. Lohitha Gaddipati (promoter daughter) and Mr. Chandra Dheerajram (promoter son-in-law, spouse of CFO) as Additional Executive Directors for 5 years; and (2) issue of up to 25 lakh convertible warrants at Rs 240 each, raising about Rs 60 crore on a preferential basis to 21 allottees including promoter and promoter group. Subject to shareholder approval.
Likely market impact
Two promoter family members join the board, which may raise governance concerns. The preferential issue may dilute existing shareholders by about 6 percent if fully converted.