Callista Industries Completes Preferential Allotments of Equity Shares and Warrants, Boosting Capital Base
Callista Industries Ltd has successfully executed two significant capital transactions: the allotment of an eighth tranche of equity shares and the issue of convertible equity warrants. These moves represent a substantial infusion of capital into the company, increasing its paid-up share capital.
The company approved the allotment of 5,87,500 Equity Shares under the eighth tranche on a preferential basis. The entire issuance was for fully paid up shares at a price of Rs. 10/- each, aggregating to a total consideration of Rs. 58,75,000/-.
The details of this allotment are as follows:
| Name of Allottee | Number of Equity Shares | Total Consideration Price |
|---|---|---|
| Sanjay Jaideo Poddar | 5,00,000 | 50,00,000/- |
| Sweety Shyamsunder Mandal | 87,500 | 8,75,000/- |
Following the completion of this allotment, Callista Industries Ltd reported that its Paid-up Equity Share Capital has increased to Rs. 7,54,65,880/- (Rupees Seven Crore Fifty Four Lakhs Sixty Five Thousand Eight Hundred and Eighty only), which is divided into 75,46,588 equity shares of face value Rs. 10/- each. The newly issued equity shares are pari passu with the existing equity shares.
<h2>Allotment of Convertible Equity Warrants</h2>
In parallel, the company allotted 32,25,000 Convertible Equity Warrants on a preferential basis, which were issued at an issue price of Rs. 10/- per warrant and totaled Rs. 3,22,50,000/-.
The company received payment equivalent to 25% of the issue price for these warrants, amounting to Rs. 80,62,500/-(Rupees Eighty Lakhs Sixty Two Thousand Five Hundred Only). This constitutes a subscription price of Rs. 2.50/- per warrant.
Each warrant is convertible into one equity share with a face value of Rs. 10/-. The conversion option can be exercised at any time within an 18-month period from the date of allotment by making the remaining payment of 75% of the total issue price, in tranches or as per applicable terms and conditions.
<h2>Key Transaction Details</h2>
The capital structuring updates provide a clear overview of the two primary transactions:
| Particular | Equity Shares Allotment (Tranche 8) | Convertible Warrants Allotment |
|---|---|---|
| Total Securities Issued | 5,87,500 Equity Shares | 32,25,000 Warrants |
| Issue Price / Allotted Price | Rs. 10/- per share | Rs. 10/- per warrant |
| Funds Received (Subscription) | Rs. 58,75,000/- | Rs. 80,62,500/- (25% of total value) |
| Post-Allotment Capital Status | Paid-up Equity Share Capital increased to Rs. 7,54,65,880/- | Warrant conversion allows for future equity issue |
The company also provided details regarding the outcome of the preferential allotment of warrants, including subscription and post-allotment shareholding percentages among investors such as Binita Jayantilal Parmar (15,25,000 Warrants allotted, resulting in 5.09% shareholding) and Koriander Consultants LLP (3,00,000 Warrants allotted, representing 21.71% shareholding).
Stock Price Movement
Callista Industries Ltd settled at ₹189.40 today, edging higher by ₹3.40 or 1.83%. The shares traded completely flat throughout the session, with the high and low both recorded at ₹189.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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