Promoter group member converts 4,00,000 convertible warrants into equity shares
Ravi Jabbar Sharma, shown as a Promoter Group holder of Callista Industries, has shared a continual disclosure of a change in his holding.
By ScoutQuest · · 2 min read
- Warrants Converted
- 4,00,000 convertible warrants were converted into 4 lakh equity shares
- Transaction Value
- Rs. 30,00,000, described as 75% of the issue price
- Holding After Change
- 4 lakh equity shares (3.84%) and 12,00,000 convertible warrants
What the update records
- The document is Form C, a continual disclosure shared by Ravi Jabbar Sharma, categorised in the form as Promoter Group of Callista Industries Limited.
- Securities held before the change: 16,00,000 convertible warrants.
- Securities acquired: 4 lakh equity shares, arising from conversion of warrants and allotted under a preferential offer.
- The form shows the transaction as a buy, with the mode of acquisition stated as preferential offer and the note "allotment pursuant to conversion of warrants".
- Value recorded for the transaction: Rs. 30,00,000, described as 75% of the issue price. The form notes that this value excludes taxes, brokerage and any other charges.
What a convertible warrant is, in simple terms
A warrant is not a share. It is a right to be allotted a share at a later date, usually against payment. Until it is converted, the holder does not hold equity shares in the company. On conversion, the warrant holder actually becomes a shareholder, and the company allots fresh equity shares to that person. So here, part of the warrant holding has moved from "right to a share" to "share".
Holding after the change
- 4 lakh equity shares, shown as 3.84%.
- 12,00,000 convertible warrants still held, which have not been converted.
Points a retail investor can track
- The 3.84% figure is the holding printed against this individual in the form; it is not the promoter group's combined stake.
- The remaining 12,00,000 warrants are still outstanding. If they are converted later, a further set of equity shares would be allotted, which adds to the total number of shares.
- The Rs. 30,00,000 is the value attached to this conversion, at 75% of the issue price, and is the amount recorded in the form rather than a market purchase price.
Why such a update is made
People classified as promoters, promoter group members, directors and designated persons must keep the company informed when their holding in its securities changes, and the company in turn passes this on to the exchanges. That is what this document is: a record of the change, the dates involved and the resulting holding.
The larger picture
A promoter group moving warrants into equity shares is a step that converts a contingent right into actual shareholding, and it is disclosed with the number of shares, the percentage and the value. The same form leaves 12,00,000 warrants still to be dealt with, so the share count linked to this person can change again in future.
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
- Convertible warrants held before the change16,00,000
- Equity shares allotted on conversion of warrants4,00,000
- Value recorded for the transaction30,00,000
- Portion of issue price paid on conversion75%
- Holding shown after the change3.84%
- Convertible warrants still held12,00,000
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