The Board of Directors of chpl industries approved a strategic shift of its registered office from Gujarat to Maharashtra during a meeting held on August 05, 2026. This structural change requires shareholder approval and will involve altering Clause II of the Memorandum of Association. The move aligns the company’s legal domicile with its corporate address in Mumbai, potentially streamlining administrative operations.

In addition to the office shift, the Board appointed M/s. B.K.G & Associates, Chartered Accountants (Firm Registration No. 114852W), as the Statutory Auditor for a term of five years. The appointment is effective from the conclusion of the ensuing Annual General Meeting (AGM) until the AGM held in the year 2031-32. Ms. Binita Shah (DIN: 10847694), who was retiring by rotation, was also eligible and re-appointed as a Director effective August 05, 2026.

The Board also sought approval for an increase in the company’s Authorised Share Capital, subject to shareholder and statutory authority clearance. This financial restructuring will necessitate an alteration to Clause V of the Memorandum of Association. These capital management decisions aim to provide the company with greater flexibility for future fundraising or equity-based initiatives.

Material Related Party Transactions were ratified under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015. The Board approved transactions with specific related parties up to defined monetary limits for the period commencing from the ensuing 37th AGM until the 38th AGM in calendar year 2027.

Key Board Resolutions

Related Party Transactions

The Board approved limits for business transactions with related parties in the normal course of business. The monetary value for each entity is capped at ₹2 Crore per annum for the specified tenure.

These disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The meeting commenced at 01:00 p.m. and concluded at 01:30 p.m.

Koriander Consultants LLP has increased its stake in Callista Industries Ltd through the acquisition of 23,00,000 convertible warrants on July 2 and July 3, 2026. The allotment raises the acquirer's total holding to 21.70% of the target company's fully diluted share capital. The warrants carry a face value of Rs. 10 each and were issued via preferential allotment.

The acquisition was disclosed to BSE Limited under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Nishant Nathmal Bajaj, Designated Partner of Koriander Consultants LLP, submitted the intimation on July 6, 2026. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.

Prior to this transaction, Koriander Consultants held 10,00,000 shares carrying voting rights and 32,00,000 warrants. The new acquisition of 23,00,000 warrants brings the total number of warrants held to 55,00,000. The shares represent 14.36% of the total voting capital, while the warrants account for 18.36% of the total diluted share/voting capital.

The warrants are convertible into equity shares within 18 months from the date of allotment at a conversion ratio of 1:1 and a conversion price of Rs. 10 per share. The instruments do not feature a redemption option; they will either be converted into equity shares or lapse in accordance with the terms of the issue.

Following the allotment, the equity share capital of Callista Industries Ltd increased to Rs. 6,95,90,880 from Rs. 6,75,90,880. The total diluted share/voting capital post-acquisition stands at Rs. 29,94,65,880.

Holding Details