Callista Industries539335Preferential allotment
Board approves allotment of 4,00,000 equity shares on conversion of convertible warrants
Board meeting held on 21st October 2026.
By ScoutQuest · · 2 min read
3.84%Allottee's -issue shareholding
- Equity Shares Allotted
- 4,00,000 equity shares of Rs. 10/- each allotted on conversion of 4,00,000 convertible warrants
- Allottee Post-Issue Stake
- Ravi Jabbar Sharma (Promoter Group) — 4,00,000 shares, 3.84% post-issue
- Balance Consideration Received
- Rs. 30,00,000/- (Rs. 7.5/- per equity share)
What the Board approved
The Board of Directors met on 21st October 2026, from 04:45 p.m. to 05:00 p.m., and allotted the fourth tranche of equity shares on conversion of convertible warrants.
Allotment details
- 4,00,000 equity shares of face value Rs. 10/- each, fully paid up.
- Issued on a preferential basis on conversion of 4,00,000 convertible warrants.
- Conversion ratio is 1:1 — one equity share for each convertible warrant held.
- The allottee is Ravi Jabbar Sharma (Promoter Group).
- The new shares rank pari-passu with the existing equity shares.
How the payment worked
- At the time of subscription, 25% of the allotment price was paid into the company's bank account.
- For the warrants, this worked out to Rs. 2.5/- per warrant.
- The holder has now paid the balance 75% of the consideration at Rs. 7.5/- per equity share and exercised the right of conversion.
- The balance amount received against this tranche is Rs. 30,00,000/-.
Share capital after the allotment
- Paid-up equity share capital has increased to Rs. 10,40,00,000/-.
- That is divided into 1,04,00,000 equity shares of face value Rs. 10/- each.
Effect on shareholding
- Ravi Jabbar Sharma held no shares before this issue and holds 4,00,000 shares, or 3.84% of the post-issue shareholding.
- The allotment is to a promoter-group entity, so this is an increase in promoter-group holding.
Warrant terms
- Warrants were allotted on 30th June 2026, each carrying a right to subscribe to one equity share.
- Holders may exercise warrants in one or more tranches within 18 months from the date of allotment of the warrants.
- If a holder does not exercise within that period, the unexercised warrants lapse and the amount already paid stands forfeited by the company.
What this means for a retail investor
- The company has issued 4,00,000 new shares, so the total number of shares in circulation has gone up. This is dilution — each existing share now represents a marginally smaller slice of the company.
- At the same time, the balance 75% of the consideration has come into the company against these shares.
- Because the allottee is from the promoter group, this adds to promoter-group shareholding rather than bringing in a new outside investor.
- The shares were issued at a fixed price decided at the time of the warrant allotment, not at a price set now.
Rs. 10/-Face value per equity share
Balance amount paid per equity shareRs. 7.5/-
Amount paid per warrant at subscriptionRs. 2.5/-
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 warrant conversion4,00,000
- Balance 75% of issued price receivedRs. 30,00,000/-
- Face value per equity shareRs. 10/-
- Paid-up equity share capital post allotmentRs. 10,40,00,000/-
- Total equity shares post allotment1,04,00,000
- Allottee's post-issue shareholding3.84%
- Balance amount paid per equity shareRs. 7.5/-
- Amount paid per warrant at subscriptionRs. 2.5/-
Source: BSE · 21 Oct 2026
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