Callista Industries Limited has secured in-principle approval from BSE Limited to raise capital through a preferential issue of convertible warrants and equity shares. The approval allows the company to issue 2,12,50,000 convertible warrants and 56,50,000 equity shares at a price of ₹10 each to the Promoter Group and Non-Promoter Category. This capital infusion is intended to support the company's growth objectives following necessary board and shareholder approvals.

BSE Limited granted the approval via its letter bearing reference number LOD/PREF/PB/FIP/411/2026-27 dated June 19, 2026. The regulatory nod is valid for a period of 15 days from the date of issuance. The company must ensure that the issue and allotment of securities strictly comply with the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The exchange has advised the company to strengthen internal controls to monitor trades executed by the proposed allottees. Specifically, Callista Industries must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell the company's scrip until the allotment date. The responsibility for verifying this compliance and ensuring adherence to Regulation 167(6) of the SEBI ICDR Regulations rests solely with the issuer company.

Following the allotment of securities, the company is required to submit a listing application without delay, along with the applicable fees, in terms of Regulation 14 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Failure to make the listing application within twenty days from the date of allotment may result in penalties as specified in relevant SEBI circulars.

The following table outlines the details of the securities approved for issuance:

Callista Industries Limited has issued a second corrigendum to its Annual General Meeting (AGM) notice to amend the size and object of a proposed preferential issue. The company seeks to raise an aggregate amount of Rs 26.90 crore through the issuance of 2,12,50,000 convertible warrants and 56,50,000 equity shares. The issue price for both instruments has been fixed at Rs 10 per share, subject to shareholder approval via remote e-voting.

The preferential issue aims to mobilize funds for strategic acquisitions and debt reduction. The company plans to utilize Rs 6.11 crore to acquire a 51% stake in Radhey Flexibles Packaging Private Limited and Rs 14.48 crore to acquire 100% of Sadguru Flexibles Packaging Private Limited, along with an infusion of Rs 10.50 crore for working capital. Additionally, Rs 1.50 crore is earmarked for loan repayment, while Rs 4.80 crore will be allocated for general corporate purposes.

Preferential Allotment Details

The board has identified specific allottees for the issuance, including promoter group members and non-promoters. Ravi Jabbar Sharma, Himanshu Jayantilal Parmar, Binita Jayantilal Parmar, and Jayantilal Keshavbhai Parmar, relatives of the Managing Director, are proposed to receive warrants under the promoter group category. Non-promoter allottees include entities such as Koriander Consultants LLP, STG Wealth Serve Private Limited, and DSD Corpcon LLP.

Pricing and Regulatory Compliance

The issue price of Rs 10 per share was determined based on a valuation report dated November 14, 2025, from independent registered valuer Mr. Bhavesh M Rathod. As the shares are infrequently traded on the BSE, the pricing complies with Regulation 166A of the SEBI (ICDR) Regulations, 2018. The relevant date for price calculation is November 14, 2025, which is 30 days prior to the AGM held on December 15, 2025.

The warrants are convertible into equity shares within 18 months from the date of allotment. A warrant subscription price equivalent to 25% of the issue price is payable upfront, with the remaining 75% due upon exercise. The equity shares will rank pari passu with existing shares and are subject to lock-in periods of 18 months for promoter group allottees and 6 months for non-promoters, as per SEBI regulations.

Shareholder Approval and E-Voting

The second corrigendum necessitates e-voting due to the change in issue size and object. M/s. Nidhi Bajaj & Associates has been appointed as the scrutinizer. The remote e-voting period is open from June 8, 2026, to June 10, 2026. Shareholders whose names appear in the register of members as on the record date of May 29, 2026, are eligible to vote.