Callista Industries Ltd completes Equity Allotment and Acquires Stake in Sadguru Flexibles Packaging
Callista Industries Ltd has announced significant developments across its capital structure and business expansion, completing the allotment of a second tranche of equity shares and executing a Share Purchase Agreement (SPA) for the acquisition of Sadguru Flexibles Packaging Limited.The Company's Board of Directors approved the allotment of 6,50,000 Equity Shares on a preferential basis at Rs. 10/- each. The shares were allotted to DSD Corpcon LLP and Pintu Nathulal Jain.
The details of this equity tranche are as follows:
| Name of Allottee | Number of Equity Shares | Total Consideration Price |
|---|---|---|
| DSD Corpcon LLP | 5,00,000 | 50,00,000/- |
| Pintu Nathulal Jain | 1,50,000 | 15,00,000/- |
| Total | 6,50,000 | 65,00,000/- |
Following the allotment, the Paid-up Equity Share Capital of Callista Industries Ltd has increased to Rs. 4,69,65,880/-, divided into 46,96,588 equity shares of face value Rs. 10/- each.
Allotment of Convertible Warrants
In addition to the equity allotment, the Company also completed the preferential allotment of 12,00,000 Convertible Equity Warrants at an issue price of Rs. 10/- per warrant. This tranche is expected to aggregate up to Rs. 1,20,00,000/-.To date, the company has received a subscription amount of Rs. 30,00,000/-, which represents 25% of the issue price for the warrants. Each warrant is convertible into one equity share of Rs. 10/-. The conversion can be exercised within 18 months from the date of allotment by making the remaining payment of 75%.
Acquisition of Sadguru Flexibles Packaging Limited
Callista Industries Ltd has also executed a Share Purchase Agreement with the existing shareholders of M/s. Sadguru Flexibles Packaging Limited ('target Company'). This acquisition involves the purchase of 100% of the entire equity share capital of Sadguru Flexibles Packaging Limited, making it a wholly owned subsidiary upon completion of all conditions precedent.The company proposes an investment of Rs. 10,50,00,000/ towards the working capital requirements of the target company in line with the objects of the Preferential Issue. The total purchase consideration for the acquisition is up to Rs. 3,98,00,000/-.
Details regarding the acquired entity include:
| Particulars | Details |
|---|---|
| Name of Target Entity | Sadguru Flexibles Packaging Private Limited (SFPPL) |
| Industry | Flexibles Packaging & Jewelry Business |
| Authorized Capital | Rs. 20,00,000/- |
| Paid-up Capital (As on date) | Rs. 10,00,000/- |
| Turnover (Audited, Mar 31, 2025) | INR 21529.02 (in thousands) |
The acquisition is described as a means for expanding the Company's existing business segment and creating synergy with its current operations.
Stock Price Movement
Callista Industries Ltd settled at ₹186.00 on Monday’s market close, marking a decline of 0.77%. The shares traded completely flat for the entire session, remaining locked entirely within that singular price point.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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