Please Find attached Outcome of Board Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved increasing the authorised share capital from Rs. 10 crore to Rs. 55 crore (5.5 crore equity shares of Rs. 10 each) to make room for new issuances. It cleared raising funds via 4.85 crore convertible warrants (Rs. 10 face value) on a preferential basis to promoters and non-promoters, plus a separate allotment of 15 lakh equity shares to non-promoters. The board also discussed acquiring stakes in Radhey Flexibles Packaging Pvt Ltd and Sadguru Flexibles Packaging Ltd, subject to valuation and final terms. Additionally, three independent directors (Deep Shah, Sachin Singh, and Bhawana Chouhan) were regularised from 8 October 2025, the AGM date and book closure were fixed, and the company's name change from CHPL Industries Limited to Callista Industries Limited was confirmed on the BSE portal.
This is a significant dilution event for existing shareholders, with up to 5 crore warrants and 15 lakh fresh shares being issued on a preferential basis. Shareholders should watch for the issue price of the warrants and shares, as preferential allotments at prices below market can put short-term pressure on the stock. The proposed acquisitions in flexible packaging signal a possible business pivot or expansion.