Board approves allotment of 4,50,000 equity shares on conversion of convertible warrants
Callista Industries allotted 4,50,000 equity shares to Koriander Consultants LLP on conversion of convertible warrants it held.
By ScoutQuest · · 2 min read
- Equity Shares Allotted
- 4,50,000 equity shares to Koriander Consultants LLP
- Balance Consideration Received
- Rs. 33,75,000/-
- Allottee Stake Change
- 13.98% to 17.54%
What the company told the exchange
The board of Callista Industries met on 24 October 2026 and approved the allotment of 4,50,000 equity shares to Koriander Consultants LLP. These shares were issued on conversion of convertible warrants the same allottee already held, this being the fifth tranche of that conversion.
The key features
- The shares were allotted on a preferential basis.
- The allottee is Koriander Consultants LLP, described as a non-promoter.
- The fresh shares rank pari-passu with the existing equity shares.
How the payment worked
- A part of the issue price was paid upfront when the warrants were originally allotted (25% of the total consideration).
- The balance 75% has now been paid at Rs. 7.5/- per equity share, amounting to Rs. 33,75,000/-.
- With that payment, the warrants have been converted into equity shares.
What changes in the share capital
- Paid-up equity share capital now stands at Rs. 10,85,00,000/- divided into 1,08,50,000 equity shares.
- Koriander Consultants LLP held 13.98% before this allotment and holds 17.54% after it.
The warrant terms
- Warrant holders may exercise their warrants in one or more tranches within 18 months from the date of allotment of the warrants.
- If the warrants are not exercised within that period, the unexercised warrants lapse and the amount already paid on them stands forfeited by the company.
What this means for a retail holder
- The total number of shares has gone up, so every existing shareholder now owns a slightly smaller slice of the company.
- Because the conversion happened, the balance consideration has come into the company, so the full issue price on these shares has been received.
- A non-promoter allottee's stake moving from 13.98% to 17.54% is a shareholding change that is useful to track in future disclosures.
In simple terms
This is one more step in a warrant conversion that was partly paid earlier. The balance money has now come in, the shares have been issued, and the total number of shares in the company has increased accordingly.
Also from Callista Industries
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
Promoter group member converts 4,00,000 convertible warrants into equity shares
23 Oct 2026
More numbers
- Equity shares allotted on conversion of convertible warrants4,50,000
- Balance amount received on conversion (75% of issue price)33,75,000/-
- Paid-up equity share capital after allotmentRs. 10,85,00,000/-
- Total equity shares after allotment1,08,50,000
- Koriander Consultants LLP holding before allotment13.98%
- Koriander Consultants LLP holding after allotment17.54%
- Balance amount paid per equity shareRs. 7.5/-
- Warrant exercise window from date of allotment18 (Eighteen) months
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.