Please find the attached outcome of Board meeting held today, i.e., 10th December, 2025
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Awaiting price reaction for this filing.
The board of Callista Industries revised its earlier fundraising plan from November 14, 2025. Instead of 3,37,50,000 warrants, the company will now issue 2,93,50,000 convertible warrants (face value Rs. 10) to promoter, promoter group and non-promoters on a preferential basis. It will also issue 56,50,000 equity shares (up from 12,50,000) to non-promoters, all at prices to be determined under SEBI ICDR Rules. Key allottees include Managing Director Rashmi Ravi Sharma (81 lakh warrants), Koriander Consultants LLP (55 lakh warrants + 10 lakh shares), Manisha Vikaskumar Saraf (30 lakh warrants), and several other individuals and LLPs. Post-allotment, Koriander Consultants LLP would hold 17.08% and Rashmi Ravi Sharma 23.06% of the company. The board also issued a 1st Corrigendum to the AGM Notice to seek shareholder approval.
This is a major dilution event — existing shareholders will see their stake shrink as roughly 3.5 crore new securities are issued. No issue price is disclosed yet (it will follow SEBI's pricing formula based on recent trading prices), so the exact dilution in rupee terms is unknown until pricing is finalised.