Callista Industries Allots 4,00,000 Equity Shares on Warrant Conversion

Callista Industries Ltd announced the allotment of 4,00,000 equity shares of Rs. 10 each, fully paid up, upon the conversion of convertible warrants. This allotment is the fourth tranche and follows a special resolution passed by shareholders and in-principle approval from BSE. The conversion involved the payment of the balance 75% of the consideration by the warrant holders. Ravi Jabbar Sharma was allotted 4,00,000 shares. Consequent to this allotment, the company's paid-up equity share capital has increased to Rs. 10,40,00,000/-.