Promoter Ravi Jabbar Sharma allotted 16 lakh convertible warrants in Callista Industries
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Promoter Ravi Jabbar Sharma was allotted 16,00,000 convertible warrants (face value Rs. 10) via preferential allotment on 30 June 2026. This equals 5.34% of the diluted share capital. He previously held no shares or warrants. Warrants can be converted 1:1 into equity within 18 months at Rs. 10 per share, or lapse if not exercised. Callista Industries equity share capital rose from Rs. 6.05 crore to Rs. 6.74 crore on allotment, while total diluted capital stands at Rs. 29.95 crore.
Promoter stake rising via warrants signals confidence, but conversion within 18 months may lead to equity dilution for existing shareholders.