Please find the attached outcome of Board Meeting.
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Awaiting price reaction for this filing.
Callista Industries reported nil operating income for Q2 and H1 FY26 (ended Sept 30, 2025), with losses widening sharply to Rs. 4.81 lakhs in Q2 FY26 and Rs. 8.18 lakhs in H1 FY26, compared to Rs. 0.60 lakhs and Rs. 1.20 lakhs respectively in the prior year periods. The company continues to have negative net worth of Rs. (85.92) lakhs, with accumulated losses of Rs. 390.58 lakhs. The board accepted the resignations of CFO & Whole-Time Director Mahendra Kumar Sharma and Company Secretary Navnath Patil, and appointed Rashmi Ravi Sharma (existing Managing Director) as the new CFO. The board also approved raising funds via preferential allotment of 3.37 crore convertible warrants (to promoters/promoter group/non-promoters) and 12.5 lakh equity shares (to non-promoters), alongside increasing authorized share capital from Rs. 10 crore to Rs. 38.10 crore. The auditor (Ramanand & Associates) issued an unqualified limited review report.
The stock is effectively a non-operating shell with zero revenue, mounting losses, and negative net worth, making it highly risky for retail investors. The preferential allotments and capital expansion will lead to significant equity dilution, though the fresh capital infusion may help stabilize the company if deployed into actual business operations.