StockWatch
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Trading & Distributors
Corporate Action6 Aug 2026, 10:24 am

Callista Industries Allots 10 Lakh Equity Shares on Warrant Conversion

AI Summary

Callista Industries Ltd announced the allotment of 10,00,000 equity shares following the conversion of an equal number of convertible warrants. The board meeting held on August 6, 2026, approved this allotment, which was conducted on a preferential basis. The total consideration received for this conversion amounts to ₹75,00,000, with 25% paid at the time of subscription and the remaining 75% paid upon conversion. This issuance increases the company's paid-up equity share capital to ₹9,54,65,880, comprising 95,46,588 equity shares of ₹10 each. The newly issued shares rank pari-passu with existing equity shares.

Key Highlights

  • 10,00,000 equity shares allotted upon warrant conversion.
  • Total consideration received is ₹75,00,000.
  • Paid-up equity share capital increased to ₹9,54,65,880.
  • Allotment was on a preferential basis.
  • New shares rank pari-passu with existing shares.