Callista Industries Ltd Allots 1 Million Equity Shares from Convertible Warrant Conversion
Callista Industries Ltd announced the successful allotment of 10,00,000 Equity Shares resulting from the conversion of convertible warrants. The decision was made by the Board of Directors during a meeting held on August 06, 2026.The company allotted these equity shares at a face value of Rs. 10/- each. This allotment followed the exercise of 10,00,000 convertible warrants in a preferential manner.
Manisha Vikaskumar Saraf was identified as the allottee for the full allotment tranche of 10,00,000 Equity Shares. The financial details pertaining to this specific allotment are summarized below:
| Allotment Particular | Details |
|---|---|
| Total No. of Equity Shares Allotted | 10,00,000 |
| Issue Price per Share | Rs. 10/- |
| Amount Paid by Allottee (75%) | 75,00,000/- |
Impact on Capital Structure
Following this allotment, Callista Industries Ltd reported an increase in its Paid-up Equity Share Capital to Rs. 9,54,65,880/-. The company now possesses a total of 95,46,588 Equity Shares, with the newly issued equity shares ranking pari-passu with existing equity shares.Convertible Warrant Details and Investment Structure
The allotment relates to the conversion of warrants that were initially allotted on June 24, 2026. The convertible warrants allowed the holders the right to subscribe to one Equity Share for each warrant held.A key aspect of the transaction is the payment structure:
- Initially, 25% of the total consideration was paid by warrant holders upon allotment of the warrants, equivalent to Rs. 2.5/- per warrant.
- The remaining 75% of the consideration was received upon the conversion and subsequent allotment of the Equity Shares at a rate of Rs. 7.5/- per Equity Share.
The details regarding the investment by Manisha Vikaskumar Saraf, who is noted as a Promoter, are provided below:
| Particulars | Details |
|---|---|
| Name of Allottee | Manisha Vikaskumar Saraf |
| Total Shares Allotted | 10,00,000 |
| Pre-Issue Shareholding Percentage | 11.70% |
| Post-Issue Shareholding Percentage | 20.95% |
The warrant holders who exercised their right of conversion are entitled to exercise the warrants in tranches within a period of eighteen months from the date of allotment of the warrant, subject to applicable rules and regulations.
Stock Price Movement
As of 10:16, shares of Callista Industries Ltd are ticking down by 1.99%, currently standing at ₹182.30. These shares have been locked into a narrow intraday range, trading completely flat at the current price point of ₹182.30.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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