Callista Industries539335Warrant news
Board allots 4,50,000 equity shares on conversion of convertible warrants
Board allotted 4,50,000 equity shares of Rs. 10/- each on conversion of 4,50,000 convertible warrants.
By ScoutQuest · · 2 min read
17.54%Koriander Consultants LLP holding issue
- Shares allotted on warrant conversion
- 4,50,000 equity shares of Rs. 10/- each on conversion of 4,50,000 convertible warrants
- Balance 75% consideration received
- Rs. 33,75,000/- at Rs. 7.5/- per share
- Allottee stake post-allotment
- Koriander's stake moves from 13.98% to 17.54% after allotment
What was allotted
- The Board allotted 4,50,000 equity shares of face value Rs. 10/- each, fully paid up, on conversion of 4,50,000 convertible warrants.
- This is described as the fifth tranche of a preferential issue, done under a special resolution passed by shareholders on 15 December 2025, read with a corrigendum dated 4 June 2026, and after BSE's in-principle approval dated 19 June 2026.
- The conversion ratio is 1:1 — one equity share for each convertible warrant held.
Who received the shares
- There is a single allottee, Koriander Consultants LLP, described in the update as a non-promoter.
- After the allotment, its holding rises from 14,53,412 shares (13.98%) to 19,03,412 shares (17.54%).
How the money came in
- The warrants were allotted on 23 June 2026, when 25% of the consideration was received at Rs. 2.5/- per warrant.
- The holder has now paid the balance 75% at Rs. 7.5/- per equity share, which for this tranche works out to Rs. 33,75,000/-.
What changes in the share capital
- Paid-up equity share capital increases to Rs. 10,85,00,000/- divided into 1,08,50,000 equity shares of Rs. 10/- each.
- The new shares rank pari-passu with the existing equity shares, meaning they carry the same rights.
How a retail investor can read it
- Conversion of warrants brings in the remaining money and completes the issue of shares that were already sanctioned; it does not by itself change the company's business.
- Because fresh shares are issued, the total number of shares goes up. Existing shareholders therefore hold a slightly smaller percentage of the company than before, which is the usual effect of any share allotment.
- A non-promoter's stake rising from 13.98% to 17.54% is the visible change in the shareholding pattern shown in the update. The update does not characterise this as positive or negative; it is a factual update on the capital structure.
Also from Callista Industries
Board approves allotment of 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
Promoter group member converts 4,00,000 convertible warrants into equity shares
23 Oct 2026
More numbers
- Equity shares allotted on warrant conversion4,50,000
- 75% of issued price received for the tranche33,75,000/-
- Face value per equity shareRs. 10/-
- Balance 75% paid per equity shareRs. 7.5/-
- Paid-up equity share capital post allotmentRs. 10,85,00,000/-
- Total equity shares post allotment1,08,50,000
- Koriander Consultants LLP holding pre issue13.98%
- Koriander Consultants LLP holding post issue17.54%
Source: BSE · 24 Oct 2026
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