Please find the attached Annual Report of the Company for the 36th Annual General meeting of the Meeting for the Financial Year 24-25
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Callista Industries Ltd (formerly CHPL Industries Limited) has filed its 36th Annual Report for FY 2024-25 along with the notice for its AGM scheduled on 15th December 2025. Key items on the AGM agenda include a major capital raise plan: increasing authorised share capital from Rs. 10 crore to Rs. 38.10 crore, and issuing 3,37,50,000 convertible warrants (Rs. 33.75 crore) plus 12,50,000 equity shares (Rs. 1.25 crore) on a preferential basis, largely to promoters and promoter group members. The company is also seeking shareholders' approval to re-appoint Mrs. Rashmi Ravi Sharma as Managing Director for five years (till March 2030) and to regularise three additional independent directors appointed in October 2025. A new secretarial auditor, M/s. Nidhi Bajaj & Associates, is proposed for a 5-year term starting FY 2025-26. Actual financial figures from the annual report are not visible in the filing.
The preferential allotment of warrants and shares will significantly dilute existing shareholders, though promoter contribution of Rs. 11.10 crore signals promoter confidence. Investors should watch for the detailed financial statements within the annual report to assess the company's actual performance and whether the capital raise addresses a genuine growth need.