Equity shares and warrants allotted; signs SPA for subsidiary acquisition
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Callista allotted 6,50,000 equity shares at Rs. 10 each (total Rs. 65 lakh) to two non-promoter allottees (DSD Corpcon LLP and Pintu Nathulal Jain) on a preferential basis. Also issued 12,00,000 convertible warrants at Rs. 10 each (Rs. 1.2 crore total, 25 percent already received) to Koriander Consultants LLP. Paid-up capital rose to Rs. 4.69 crore. Board also signed an SPA to acquire 100 percent of Sadguru Flexibles Packaging Ltd for up to Rs. 3.98 crore, making it a wholly owned subsidiary, with an additional Rs. 10.5 crore planned for working capital.
Equity dilution from preferential issue and warrants. Acquisition of wholly owned subsidiary in packaging business may expand revenue streams.