CHPL Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2025 ,inter alia, to consider and approve Please find the attached Intimation ....
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Callista Industries (formerly CHPL Industries) has called a board meeting on 5 November 2025 to consider multiple items. The key proposals include increasing the authorised share capital, altering the capital clause of the Memorandum of Association, and a proposal to raise funds (and/or pursue an acquisition) by issuing equity shares or convertible securities in one or more tranches, subject to shareholder and regulatory approvals. The board will also formalise the company's name change from 'CHPL Industries Limited' to 'Callista Industries Limited' on the BSE portal, regularise three independent directors (Deep Shah, Sachin Singh, Bhawana Chouhan) for five-year terms, and approve the FY24-25 board report along with the revised AGM notice, date, venue, and book closure dates.
The potential equity fundraise and/or acquisition could lead to dilution for existing shareholders depending on the size and pricing of the issuance. The name change signals a rebranding that is largely administrative, while the trading window remains closed until 16 November 2025, meaning insiders cannot trade during this period.