Kimberlite field is an example of widespread Mesoproterozoic intracontinental magmatism. Recent studies have identified deep subcontinental lithospheric mantle as a source region of the kimberlite magmatism while timing, origin, and processes responsible for the generation of coeval lamprophyres remain poorly constrained. Here, we present and discuss new petrological and geochemical data for two lamprophyre dykes from the Wajrakarur kimberlite field and assess their petrogenetic relation to the kimberlite occurrences. Based on mineral compositional and whole‐rock geochemical characters, it is suggested that lamprophyres are formed through low degrees of partial melting of “enriched” lithospheric mantle that was modified and metasomatized by melts derived from recycled crust. This differs from geochemical imprints found in coeval kimberlites, where a crustal source component appears to be absent and is more consistent with rock derivation from “depleted” lithosphere which has experienced interaction with asthenosphere‐derived melts. An apparent lack of garnet in the mantle sources of lamprophyres is suggestive of melting at comparatively shallow depth (~100 km) relative to the kimberlites. Hence, these geochemically contrasting rocks, although have formed at the same time, are derived from vertically heterogeneous lithospheric mantle sources and can be explained through and linked with a thermal anomaly in the underlying convective asthenosphere. We suggest that the deeper mantle source region of the kimberlites was more pristine and devoid of subduction‐related signatures, whereas the shallower mantle source region of the lamprophyres seems to have preserved imprints of plate convergence and subduction associated with the evolution of the Dharwar Craton.