Please find the attached outcome of AGM
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Awaiting price reaction for this filing.
Callista Industries held its AGM on 15th December 2025 from 10:00 AM to 10:20 AM at its registered office in Surat, with 7 members attending and all directors present. Shareholders approved 12 resolutions, including adoption of audited financial statements for FY ended 31st March 2025 and appointment of a Secretarial Auditor. A major resolution was passed to increase authorised share capital from Rs. 10 crores to Rs. 38.10 crores, along with issuing 2,93,50,000 convertible warrants and 56,50,000 equity shares on a preferential basis. Shareholders also approved the re-appointment of Mrs. Rashmi Ravi Sharma as Managing Director, regularisation of three new Independent Directors, and a change in the company's name with corresponding amendments to the MoA and AoA.
The massive jump in authorised capital (nearly 4x) and combined preferential issue of ~3.5 crore equity shares plus convertible warrants signals a significant capital raise plan, which could lead to dilution for existing shareholders. The proposed name change and induction of new independent directors suggest the company is repositioning itself, but retail investors should wait for the voting results and detailed rationale before drawing conclusions.