Callista Industries Ltd Allots 2 Lakh Equity Shares and Issues 35.25 Lakh Convertible Warrants
Callista Industries Ltd announced significant updates regarding its capital structure, confirming the allotment of a tranche of equity shares and the issuance of convertible warrants during a Board meeting held on July 2, 2026. These actions are part of the company's strategic capital infusion process.The company formalized the allotment of the seventh tranche of Equity Shares on a preferential basis. A total of 2,00,000 Equity Shares were allotted at an issue price of Rs. 10/- each, aggregating to a total consideration amount of Rs. 20,00,000/-. The sole allottee for this tranche was Gaurav Jhunjhunwala (Non-Promoter).
Following the successful completion of this equity allotment, Callista Industries Ltd reported an increase in its Paid-up Equity Share Capital to Rs. 6,95,90,880/-, which is divided into a total of 69,59,088 Equity Shares with a face value of Rs. 10/- per share. The newly issued equity shares rank pari passu with the existing equity shares of the company.
Convertible Warrants Allotment Details
In addition to the equity allotment, Callista Industries Ltd also finalized the allotment of 35,25,000 Convertible Equity Warrants on a preferential basis. These warrants were issued at an issue price of Rs. 10/- per warrant, resulting in a total consideration amount of Rs. 3,52,50,000/-.The company has received the initial payment amounting to Rs. 88,12,500/-, which represents 25% of the issue price for the warrants. These warrants are structured such that each one is convertible into one fully paid-up Equity Share of face value Rs. 10/-. The conversion process can be exercised within a period of 18 months from the date of allotment, provided the remaining 75% of the total issue price is paid in tranches.
Summary of Transactions and Capital Structure
The details of both the equity share allotment and the warrant issuance are summarized below:| Particular | Equity Shares (Tranche 7) | Convertible Warrants |
|---|---|---|
| Type of Issue | Preferential Allotment | Preferential Allotment |
| Total Number Issued | 2,00,000 | 35,25,000 |
| Issue Price (per unit) | Rs. 10/- | Rs. 10/- |
| Total Consideration Realized | Rs. 20,00,000/- | Rs. 88,12,500/- (Initial payment/25%) |
The allotment of the warrants allows holders to exercise an option to subscribe to up to 35,25,000 Equity Shares at an exercise price of Rs. 7.5/- per share.
Post-Allotment Shareholding Details
For the equity shares recently allotted in this tranche, the details regarding investor holdings are as follows:| Allottee Name | Type | Number of Shares | Total Consideration |
|---|---|---|---|
| Gaurav Jhunjhunwala | Non-Promoter | 2,00,000 | Rs. 20,00,000/- |
Additionally, information regarding the allotment of warrants and the status of investors involved in that process was provided in related disclosures.
Stock Price Movement
At the close of trade on Tuesday, Callista Industries Ltd settled at ₹186.00, posting a 0.00% change. The shares moved within an intraday range stretching from a low of ₹182.30 to a high of ₹186.00.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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