Callista Industries Ltd Allots Equity Shares in Preferential Issue and Issues Convertible Warrants
Callista Industries Ltd reported key outcomes of its Board Meeting held on June 24, 2026, announcing both the allotment of a tranche of equity shares and the issuance of convertible warrants. These actions pertain to previous shareholder approvals and management decisions regarding capital restructuring.The company completed the third tranche of the preferential allotment of equity shares, totaling 11,00,000 equity shares of Rs. 10/- each, which were fully paid up. The details of this allotment are as follows:
| Sr. No | Name of Allottee(s) | No. of Equity Shares | Total Consideration Price |
|---|---|---|---|
| 1. | STG Wealth Serve Private Limited | 5,00,000 | 50,00,000/- |
| 2. | DSD Corpcon LLP | 3,00,000 | 30,00,000/- |
| 3. | Ramakant Basudeo Parasrampuria (HUF) | 1,25,000 | 12,50,000/- |
| 4. | Ramakant B Parasrampuria | 1,25,000 | 12,50,000/- |
| 5. | Pintu Nathulal Jain | 50,000 | 5,00,000 |
| TOTAL | TOTAL | 11,00,000 | 1,10,00,000/- |
Following the allotment of these equity shares, the company's Paid-up Equity Share Capital increased to Rs. 5,79,65,880/-, comprising a total of 57,96,588 Equity Shares with a face value of Rs. 10/- each. The newly issued equity shares rank pari passu with existing equity shares.
Allotment of Convertible Warrants Announced
The company also announced the allotment of 10,00,000 Convertible Equity Warrants on a preferential basis. These warrants were allotted following shareholder approval obtained at the Annual General Meeting and upon receipt of a portion of the issue price. Each warrant was issued at an issue price of Rs. 10/- per warrant and is convertible into one Equity Share with a face value of Rs. 10/- each.The company has received 25% of the issue price, which amounts to Rs. 25,00,000/-, corresponding to a subscription price of Rs. 2.5/- per warrant. The warrants are available for conversion into fully paidup Equity Shares and shall rank pari passu with existing equity shares in all respects from the date of allotment.
Details pertaining to the preferential allotment of warrants and resulting shareholding are provided below:
| Sr.no | Particulars | Description |
|---|---|---|
| 01 | Type of securities proposed to be issued | Convertible Warrants |
| 02 | Type of issuance | Preferential allotment, on a private placement basis |
| 03 | Total number of securities proposed to be issued or the total amount for which the securities will be issued | Allotment of 10,00,000 Warrants convertible into equivalent number of Equity shares at an Issue Price of Rs. 10/- each. |
Post-Allotment Shareholding Details
The company disclosed that one investor, Saraf Manisha Vikaskumar (Non-Promoter), was allocated the 10,00,000 Convertible Warrants, resulting in a post-preferential issue shareholding of 30,00,000 shares, which represents 10.02% when all warrants are assumed to be converted into Equity Shares along with the existing preferential equity allotment.Stock Price Movement
Callista Industries Ltd settled on Monday at ₹186.00, slipping 0.77% after closing down by ₹1.45. The shares remained completely flat throughout the trading day, locked entirely within the intraday range.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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