Please find the attached Annual Report of the company for the FY 24-25
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Callista Industries filed its 36th Annual Report for FY 2024-25 and issued an AGM notice for December 15, 2025. The company (formerly CHPL Industries, with a name change resolution on the agenda) proposes major capital structure changes: increasing authorized share capital from Rs. 10 crore to Rs. 38.10 crore and issuing 3.37 crore convertible warrants (Rs. 33.75 crore) plus 12.5 lakh equity shares (Rs. 1.25 crore) on a preferential basis. Promoter and MD Rashmi Ravi Sharma is the single largest allottee with 95 lakh warrants, alongside promoter group members and select non-promoter investors. Other key items include appointing a new secretarial auditor for 5 years, regularising three additional independent directors, and re-appointing Rashmi Ravi Sharma as MD for another 5-year term. Detailed financial figures were not included in the excerpt provided.
Existing public shareholders face significant potential dilution from the preferential allotments aggregating Rs. 35 crore, but promoter and promoter group entities are subscribing to most of the warrants, which signals promoter confidence and fresh capital infusion. The name change and substantially higher authorized capital suggest the company is positioning for future fundraising or business expansion.