4,00,000 equity shares allotted to promoter group on conversion of convertible warrants
Callista Industries allotted 4,00,000 equity shares of Rs. 10/- each to Ravi Jabbar Sharma (Promoter Group).
By ScoutQuest · · 2 min read
- Equity shares allotted
- 4,00,000 equity shares of Rs. 10/- each
- Balance consideration received
- Rs. 30,00,000/- (balance 75%)
- Paid-up equity share capital
- Rs. 10,40,00,000/- divided into 1,04,00,000 equity shares
What the board approved
The Board of Directors, at its meeting held on 21 October 2026, allotted 4,00,000 equity shares of Rs. 10/- each, fully paid up, upon conversion of 4,00,000 convertible warrants issued on a preferential basis. The update calls this the fourth tranche of the conversion.
Who received the shares
- Allottee: Ravi Jabbar Sharma, described in the update as Promoter Group
- Number of allottees: 1
- Shares allotted: 4,00,000
- Conversion ratio: 1:1, that is one equity share for each convertible warrant held
How the money came in
- 25% of the consideration was paid at the time of subscription to the warrants.
- The holder has now paid the balance 75% and exercised the right of conversion; that balance is shown in the update as Rs. 30,00,000/-.
- The 25% portion was paid at Rs. 2.5/- per warrant, and the balance at Rs. 7.5/- per equity share.
Effect on share capital
- Paid-up equity share capital increases to Rs. 10,40,00,000/-.
- That capital is divided into 1,04,00,000 equity shares of face value Rs. 10/- each.
- The new shares rank pari-passu with the existing equity shares, meaning they carry the same rights to dividend and voting as shares already on record.
Shareholding after the allotment
- Ravi Jabbar Sharma: pre-issue holding nil, post-issue holding 4,00,000 shares, equal to 3.84%.
Terms attached to the warrants
- Warrants may be exercised in one or more tranches within 18 months from the date of warrant allotment.
- The warrants in this case were allotted on 30 June 2026.
- If a warrant is not exercised within that window, it lapses and the amount already paid on it stands forfeited by the company.
Background to the issue
The allotment follows a special resolution passed by shareholders on 15 December 2025, read with the 2nd Corrigendum dated 04 June 2026, and the in-principle approval received from BSE Limited.
What a retail investor can read into it
- The number of equity shares in issue has gone up by 4,00,000, so the equity base is now larger.
- Fresh money of Rs. 30,00,000/- has come into the company as the balance conversion consideration.
- A promoter group holder has taken a 3.84% stake through this conversion, where the pre-issue holding was nil.
- The face value of the shares remains Rs. 10/- each, unchanged.
Also from Callista Industries
Board approves allotment of 4,50,000 equity shares on conversion of convertible warrants
24 Oct 2026
Board allots 4,50,000 equity shares on conversion of convertible warrants
24 Oct 2026
Callista Industries Ltd: promoter reports a transaction via conversion of warrants
23 Oct 2026
More numbers
- Equity shares allotted on conversion of warrants4,00,000
- Face value per equity shareRs. 10/-
- Balance 75% consideration paid by allottee30,00,000/-
- Paid-up equity share capital after allotmentRs. 10,40,00,000/-
- Total equity shares outstanding after allotment1,04,00,000
- Allottee's post-issue shareholding3.84%
- Balance 75% amount per equity shareRs. 7.5/-
- Warrant exercise window from date of allotment18 (Eighteen) months
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