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Likhitha Infrastructure Limited — Proxy Solicitation & Information Statement 2026
Jul 16, 2026
59290_rns_2026-07-16_9441a7fd-d29c-48bb-b3d0-a3bda6577bfe.pdf
Proxy Solicitation & Information Statement
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^{}[] LIKHITHA INFRASTRUCTURE LIMITED
^{}[] CIN : L35105TG1998PLC029911
Date: Thursday, July 16, 2026
| To The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 543240 | To National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Stock Symbol: LIKHITHA |
Sub: Corrigendum I to the Notice of Extraordinary General Meeting
Dear Sir/Madam,
In continuation to our letter dated June 22, 2026, intimating the convening of the Extra Ordinary General Meeting ("EGM") of the Company scheduled to be held on Wednesday, July 22, 2026 at 12:00 P.M. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"), we wish to inform you that, pursuant to Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Company had submitted applications with BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") (collectively referred to as the "Stock Exchanges") seeking in-principle approval for the proposed preferential issue of Warrants of the Company, as set out in Item No. 1 of the EGM Notice read together with the explanatory statement annexed thereto.
Subsequently, NSE and BSE vide its letter dated July 06. 2026 and July 13, 2026 respectively, advised the Company to provide certain clarifications and additional information in relation to the proposed preferential issue by way of a corrigendum to the EGM Notice. Accordingly, we hereby enclose a copy of the Corrigendum to the EGM Notice, together with the explanatory statement annexed thereto, which shall form an integral part of the said EGM Notice in accordance with the applicable provisions of the Companies Act, 2013 ("Act").
The above documents are also available on the Company Website i.e. https://www.likhitha.co.in, on the website of the Stock Exchanges i.e. BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) at www.bseindia.com and www.nseindia.com, respectively, and the website of National Securities Depository Limited (NSDL). https://ivote.bigshareonline.com
Kindly take the above information on your records. Thanking you,
Yours sincerely,
For Likhitha Infrastructure Limited
GADDIPATI SRINIVASA RAO
Digitally signed by GADDIPATI SRINIVASA RAO
Date: 2026.07.16 16:31:46 +05'30'
Gaddipati Srinivasa Rao
Managing Director
DIN: 01710775
^{}[] Regd. Office: 8-3-323, 9th Floor, Vasavi MPM Grand, Ameerpet "X" Roads, Yellareddy Guda,
^{}[] Hyderabad, Telangana - 500 073, Ph : 040 - 23752657, 040 - 23732641.
^{}[] E-mail : [email protected], Website : www.likhitha.co.in
^{}[] A C S
^{}[] JAS-ANZ
^{}[] LIKHITHA Fueling The Future
LIKHITHA INFRASTRUCTURE LIMITED
Corporate Identity Number (CIN): L35105TG1998PLC029911
Registered Office: 8-3-323, 9th Floor, Vasavi’s MPM Grand, Ameerpet ‘X’ roads,
Yellareddy Guda, Hyderabad, Telangana- 500073, Tel: 040-23752657
Website: www.likhitha.co.in, Email: [email protected]
CORRIGENDUM TO THE NOTICE OF THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON WEDNESDAY, JULY 22, 2026 AT 12:00 P.M. (IST)
This Corrigendum is being issued by Likhitha Infrastructure Limited (“Company”) for convening an Extraordinary General Meeting of the Members of the Company (“EGM”) on Wednesday, July 22, 2026, at 12:00 P.M. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”).
This Corrigendum is to be read in conjunction with the EGM Notice dated June 22, 2026, as available on the websites of the Company, National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”). The Notice of the EGM was dispatched to all the shareholders of the Company on June 30, 2026 in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India and all other applicable provisions.
This Corrigendum is being issued to provide additional disclosures and amendments to the Notice of the Extraordinary General Meeting (“EGM”), pursuant to the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), as set out herein below.
SPECIAL BUSINESS:
- In the Explanatory Statement of the said Notice of EGM, point b of Item no. 1 at page no. 20 shall be amended and read as under:
b. Objects of the preferential issue:
The Company intends to utilise the proceeds raised through the Preferential Issue (“Issue Proceeds”) towards the following objects:
| S.No. | Particulars | Total estimated amount to be utilised up to (In Rs.) * | Tentative timeline for utilization of issue proceeds from the date of receipt of funds |
|---|---|---|---|
| 1. | Working Capital requirements | 6,00,00,000/- | 6 Months |
*Assuming 100% conversion of Warrants into Equity Shares within the stipulated time as per item no.1 of the notice.
The 100% Issue Proceeds from warrants fully convertible into equity shares shall be received by the Company within 18 (eighteen) months from the date of allotment of the Warrants in terms of Chapter V of the SEBI ICDR Regulations, and as estimated by the Company, the entire Issue Proceeds would be utilized in phases, as per the Company's business requirements and availability of Issue Proceeds, within the period as mentioned above.
The amount specified for the aforementioned Objects may deviate +/- 10% depending upon the future circumstances, given that the Objects are based on estimates and other commercial and technical factors. Accordingly, the same is dependent on a variety of factors such as financial, market and sectoral conditions, business performance and strategy, competition and other external factors, which may not be within the control of the Company and may result in modifications to the proposed schedule for utilisation of the Issue Proceeds at the discretion of the Board, subject to compliance with applicable laws.
If the issue proceeds are not utilised (in full or in part) for the objects during the period stated above due to any such factors, the remaining issue proceeds shall be utilised in subsequent periods in such manner as may be determined by the Board, in accordance with applicable laws.
Nature and Purpose of the Capital Expenditure:
The proposed capital expenditure is intended to be utilised for the purpose of the acquisition of plant and machinery, specialised equipment required for the laying of oil and gas pipeline projects.
This capital expenditure relates entirely to the acquisition of brand-new machinery and equipment to expand our operational fleet.
The proposed investment is aimed at transitioning the company's execution model to a self-reliant, asset-heavy structure by reducing dependence on third party/hired equipment.
This is expected to enhance the Company's execution capabilities, improve operational efficiency, and strengthen project delivery capacity across its existing and upcoming pipeline infrastructure contracts, including its ongoing international project execution, thereby supporting the Company's growth strategy across both domestic and international operations.
The details of the proposed capital expenditure are provided below:
| S. No. | Particulars of Equipment | Quantity | Estimated Amount (₹) # | Tentative Timeline for Utilisation |
|---|---|---|---|---|
| 1. | Excavators (20 to 30 Ton capacity) | 10 Nos | 8,00,00,000/- | Within 6 months from the date of receipt of funds |
| 2. | Side Booms |
| -25 Ton capacity -40 Ton capacity | 5 Nos 3 Nos | 10,00,00,000/- | |
| 3. | Vehicles Hilux | 10 Nos | 3,00,00,000/- |
| 4. | Buses 4x4 -30 Seats capacity | 8 Nos | 9,50,00,000/- |
| 5. | Water Tanker 4x4 -2000 Gallon capacity | 2 Nos | 2,50,00,000/- |
| 6. | Boom Truck | 2 Nos | 2,60,00,000/- |
| 7. | All Size Clamps and Cradles | 1 Lot | 1,50,00,000/- |
| 8. | Welding Machines | 20 Nos | 3,50,00,000/- |
| 9. | Generators (62.5 to 250 KVA capacity) | 20 Nos | 2,00,00,000/- |
| 10. | Compressors | 2,00,00,000/- | |
| 11. | Storage Development Charges | 2,00,00,000/- | |
| 12. | Loaders | 2 Nos | 1,00,00,000/- |
| 13. | Dozers (D7 CAT) | 1 Nos | 2,80,00,000/- |
| 14. | Graders (CAT) | 1 Nos | 2,00,00,000/- |
| 15. | Compactors | 1 Nos | 60,00,000/- |
| 16. | Bending Machines | 1 Nos | 1,50,00,000/- |
Estimated Amount is exclusive of applicable taxes and it may deviate +/- 10% depending upon the future circumstances.
*Any increase in capital expenditure/ cost will be met through internal proceeds of the Company.
- In the Explanatory statement of the said Notice of EGM, point e of Item no. 1 at page no. 21 shall be amended and read as under:
Shareholding pattern of the issuer before and after the preferential issue:
The Company submit the following proposed shareholding pattern before and after the allotment (subject to that the offer is fully subscribed)
| S. No. | Category | Pre-Issue Shareholding as on June 19, 2026 | Post-Issue Shareholding | ||
| Equity Shares of Rs. 5/- | |||||
| No. of Shares | % of Shareholding | No. of Shares | % of Shareholding | ||
| A | Promoters Holding | ||||
| A1 | Indian Promoters | ||||
| Individual/HUF | 2,77,12,981 | 70.25 | 2,83,37,981 | 67.55 | |
| Body Corporate | - | - | |||
| A2 | Foreign Promoters | - | - | ||
| Sub Total (A)=A1+A2 | 2,77,12,981 | 70.25 | 2,83,37,981 | 67.55 | |
|---|---|---|---|---|---|
| B1 | Public Shareholding | ||||
| Institutional Investors | - | - | - | - | |
| Mutual Funds | - | - | - | - | |
| Venture Capital Funds | - | - | - | - | |
| Alternate Investment Funds | - | - | - | - | |
| Foreign venture Capital Investors | - | - | - | - | |
| Foreign Portfolio Investors | 63,711 | 0.16 | 63,711 | 0.16 | |
| Financial Institutions/Banks | - | - | - | - | |
| Insurance Companies | - | - | - | - | |
| Provident Funds/Pension Funds | - | - | - | - | |
| Any Other | - | - | - | - | |
| Sub Total (B)(1) | 63,711 | 0.16 | 63,711 | 0.16 | |
| B2 | Central Government/ State Government(s) / President of India | - | - | - | - |
| Sub Total (B)(2) | - | - | - | - | |
| B3 | Non -Institutions | ||||
| Key Managerial Personnel | 9,624 | 0.02 | 9,624 | 0.02 | |
| i. Individual Shareholders holding nominal share capital up to Rs. 2.00 lakhs | 7,97,512 | 2.02 | 10,27,512 | 2.45 | |
| ii. Individual Shareholders holding nominal share capital in excess of Rs. 2.00 lakhs | 89,98,557 | 22.81 | 1,06,43,557 | 25.37 | |
| NBFCs Registered with RBI | - | - | - | - | |
| Employee Trusts | - | - | - | - | |
| IEPF | - | - | - | - |
| Any Other | |||||
| Hindu undivided Family | 2,68,124 | 0.68 | 2,68,124 | 0.64 | |
| LLPs | |||||
| Clearing Members | 42,083 | 0.11 | 42,083 | 0.10 | |
| Non-Resident Indian | 9,44,409 | 2.39 | 9,44,409 | 2.25 | |
| Bodies Corporates | 6,12,999 | 1.55 | 6,12,999 | 1.46 | |
| Sub Total (B) (3) | 1,16,73,308 | 29.59 | 1,35,48,308 | 32.30 | |
| Total Public Shareholding (B)=(B1+B2+B3) | 1,17,37,019 | 29.75 | 1,36,12,019 | 32.45 | |
| C | Non Promoter- Non Public Shareholders | ||||
| C1 | Custodian/DR Holder | - | - | - | - |
| C2 | Employee Benefit Trustee (Under SEBI (Share based Employee Benefits) Regulations, 2014 | - | - | - | - |
| Total Non-Promoter- Non Public Shareholder (C=C1+C2) | - | - | - | - | |
| Grand Total (A+B+C) | 3,94,50,000 | 100.00 | 4,19,50,000 | 100.00 |
Assuming that the proposed allottee of the warrants shall subscribe the entire proposed issue and shall exercise their option of conversion of warrants. It is further assumed that there would be no significant change in other categories of shareholding due to allotment of the shares upon the conversion of the warrants.
- In the Explanatory statement of the said Notice of EGM, point m of Item no. 1 at page no. 24 shall be amended and read as under:
The names of the proposed allottee(s) to whom the allotment is made and the percentage of post-preferential offer capital that may be held by them:
| Sr. No. | Particulars | Category | Pre-issue Shareholding | No. of warrants to be allotted | Post-issue Shareholding | ||
| No. of Shares | % held | No. of Shares | % held | ||||
| 1. | Likhitha Gaddipati | Promoter | 3,250 | 0.01 | 3,25,000 | 3,28,250 | 0.78 |
|---|---|---|---|---|---|---|---|
| 2. | Lohitha Gaddipati | Promoter Group | 0 | 0 | 3,00,000 | 3,00,000 | 0.72 |
| 3. | Chennamaneni Sushmitha | Non-Promoter | 0 | 0 | 5,00,000 | 5,00,000 | 1.19 |
| 4. | Srinivasulu Chowdary Kavuturu | Non-Promoter | 0 | 0 | 4,00,000 | 4,00,000 | 0.95 |
| 5. | Shradha Bangad | Non-Promoter | 0 | 0 | 1,75,000 | 1,75,000 | 0.42 |
| 6. | Pranali Bangad | Non-Promoter | 0 | 0 | 1,75,000 | 1,75,000 | 0.42 |
| 7. | Anjana Bangad | Non-Promoter | 0 | 0 | 1,70,000 | 1,70,000 | 0.41 |
| 8. | Teja Vishwaksena Koganti | Non-Promoter | 0 | 0 | 1,00,000 | 1,00,000 | 0.24 |
| 9. | Divya Tantia | Non-Promoter | 0 | 0 | 75,000 | 75,000 | 0.18 |
| 10. | Pallavi Toshniwal | Non-Promoter | 0 | 0 | 50,000 | 50,000 | 0.12 |
| 11. | Sneha Toshniwal | Non-Promoter | 0 | 0 | 30,000 | 30,000 | 0.07 |
| 12. | Paturi Swathi | Non-Promoter | 0 | 0 | 25,000 | 25,000 | 0.06 |
| 13. | Sandeep Kumar Totla | Non-Promoter | 0 | 0 | 25,000 | 25,000 | 0.06 |
| 14. | Appa Rao Paruchuri | Non-Promoter | 0 | 0 | 25,000 | 25,000 | 0.06 |
| 15. | Kolli Tejaswini | Non-Promoter | 701 | 0 | 25,000 | 25,701 | 0.06 |
| 16. | Paladugu Venkateswarlu | Non-Promoter | 0 | 0 | 25,000 | 25,000 | 0.06 |
| 17. | Raveendra Ravi | Non-Promoter | 0 | 0 | 20,000 | 20,000 | 0.05 |
| 18. | Chowdary Babu Tummala | Non-Promoter | 0 | 0 | 15,000 | 15,000 | 0.04 |
| 19. | Seelam Aswin Kumar | Non-Promoter | 0 | 0 | 15,000 | 15,000 | 0.04 |
| 20. | Sujana Kumari Aluri | Non-Promoter | 0 | 0 | 15,000 | 15,000 | 0.04 |
| 21. | GV Narasimha Rao | Non-Promoter | 0 | 0 | 10,000 | 10,000 | 0.02 |
| Total | 3,951 | 0.01 | 25,00,000 | 25,03,951 | 5.99 | ||
*The Post-Issue Shareholding Percentage has been calculated based on the fully diluted
post-issue paid-up share capital, assuming full subscription of the securities and full conversion of the warrants into equity shares.
- In the Explanatory statement of the said Notice of EGM, point n of Item no. 1 at page no. 25 shall be amended and read as under:
Proposed time/time schedule within which the preferential issue or allotment of warrants shall be completed:
In accordance with Regulation 170 of the SEBI ICDR Regulations, the allotment of the Warrants, shall be completed within a period of 15 days from the date of passing of the resolution by the shareholders, provided that where the allotment is pending on account of pendency of any approval(s) or permission(s) from any regulatory authority/body, the allotment shall be completed by the Company within a period of 15 days from the date of such approval(s) or permission(s).
Registered Office
8-3-323, 9th Floor, Vasavi's MPM Grand, Ameerpet 'X' Roads, Yellareddy Guda, Hyderabad, Telangana-500 073
FIN: L35105TG1998PLC029911
Email Id: [email protected]
Website: www.likhitha.in
Tel No: +91 40 23752657
Place: Hyderabad
Date: July 16, 2026
For and on behalf of
Likhitha Infrastructure Limited
Sd/-
Gaddipati Srinivasa Rao
Managing Director
DIN: 01710775