StockWatch
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Trading & Distributors
Corporate Action3 Aug 2026, 06:40 pm

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 convertible warrants. This allotment, comprising the first tranche, was approved by the Board of Directors on August 3, 2026. The shares were issued on a preferential basis at Rs. 10/- each, fully paid up. The conversion is in accordance with a special resolution passed on December 15, 2025, and subsequent approvals. The company has received the full consideration for these shares, increasing its paid-up equity share capital to Rs. 8,54,65,880/-. The new shares rank pari-passu with existing equity shares.

Key Highlights

  • Allotment of 10,00,000 equity shares upon conversion of warrants.
  • Board meeting held on August 3, 2026, approved the allotment.
  • Equity share capital increased to Rs. 8,54,65,880/-.
  • New shares issued on a preferential basis at Rs. 10/- each.
  • Allotment follows shareholder approval and regulatory in-principle approval.