Please find the attached Outcome of Board Meeting.
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Callista Industries' board approved unaudited Q1 FY26 results (quarter ended 30 June 2025) reporting zero revenue from operations and a net loss of Rs. 3.37 lakhs, wider than the Rs. 0.60 lakh loss in Q1 FY25. Total expenses rose sharply to Rs. 3.37 lakhs from Rs. 0.60 lakhs, with EPS at Rs. (0.11) vs Rs. (0.02). The full FY25 had posted a Rs. 61.28 lakh loss on just Rs. 0.04 lakh of other income, with paid-up equity capital at Rs. 304.66 lakhs. The board appointed M/s Nidhi Bajaj & Associates as Secretarial Auditor for FY26-FY30, re-appointed Managing Director Rashmi Ravi Sharma for five years (till 2031), accepted the resignation of director Prince Sanjay Shah, and inducted Vikas Saraf and Manisha Saraf as additional non-executive directors. The date, venue and book closure for the 36th AGM were also finalised.
Persistent losses with virtually no operating revenue raise concerns about the company's business activity and long-term viability, though the statutory auditor (Ramanand & Associates) issued an unqualified review report. Multiple board-level changes and a new secretarial auditor indicate governance restructuring that shareholders should monitor at the upcoming AGM.