Jigneshbhai Rajpara gifts 2.88 lakh Callista Industries shares

1 min read Updated on 13 Aug 2026, 10:42 AM

Reviewed by

Shriram SScanX News Team

AI Summary

Jigneshbhai Bhupatbhai Rajpara gifted 2,88,261 Callista Industries shares on August 10, 2026, reducing his stake from 4.06% to 1.05%. The off-market transaction was disclosed under SEBI SAST regulations, leaving him with 1,00,000 shares. No encumbrances or convertible instruments were involved in the transfer.

*this image is generated using AI for illustrative purposes only.

Callista Industries shareholder Jigneshbhai Bhupatbhai Rajpara has disposed of a significant portion of his equity stake through a gift transaction. On August 10, 2026, Rajpara transferred 2,88,261 equity shares of face value ₹10 each to another party via an off-market route. The move reduces his voting power in the company substantially.

The transaction was disclosed to the Bombay Stock Exchange (BSE) on August 12, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rajpara is not classified as part of the promoter or promoter group.

Holding Changes

Prior to the disposal, Rajpara held 3,88,261 shares, representing 4.06% of the total share capital and 1.29% of the diluted share capital. Following the gift transaction, his remaining holding stands at 1,00,000 shares.

Metric	Before Disposal	After Disposal
Shares Held	3,88,261	1,00,000
% of Total Share Capital	4.06%	1.05%
% of Diluted Share Capital	1.29%	0.33%

The total equity share capital of Callista Industries before the transaction was ₹8,54,65,880. Post-transaction, the equity share capital is recorded at ₹9,54,65,880, while the total diluted share/voting capital stands at ₹29,94,65,880. There were no encumbrances, warrants, or convertible securities involved in the disposal.

Historical Stock Returns for CHPL Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.65%	-7.87%	-12.46%	-3.45%	+1,181.08%	+1,181.08%

How might this reduction in Rajpara's voting power influence the corporate governance structure or board dynamics at Callista Industries?

Could the identity of the recipient of these gifted shares signal a potential shift in strategic alliances or future investment interest in the company?

Will the change in share capital structure, specifically the increase in total equity capital, impact the company's valuation metrics or future fundraising capabilities?

Read Next Article

Manisha Vikaskumar Saraf Acquires 10,00,000 Equity Shares in Callista Industries Ltd via Warrant Conversion

2 min read Updated on 06 Aug 2026, 01:33 PM

Reviewed by

Naman SScanX News Team

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AI Summary

Manisha Vikaskumar Saraf acquired 10,00,000 equity shares of Callista Industries Ltd on 6th August, 2026, via preferential allotment through conversion of convertible warrants. Her voting stake rose from 10.47% to 20.95% of total share capital post-acquisition. The company's equity share capital increased from Rs. 8,54,65,880/- to Rs. 9,54,65,880/-, with total diluted share capital at Rs. 29,94,65,880/-. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

*this image is generated using AI for illustrative purposes only.

Callista Industries Ltd has received a disclosure from Manisha Vikaskumar Saraf under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, intimating the acquisition of 10,00,000 equity shares of face value Rs. 10/- each. The shares were allotted on 6th August, 2026, through preferential allotment pursuant to the conversion of convertible warrants. The acquirer is not classified as a promoter or part of the promoter group, and the shares are listed on BSE Limited.

Shareholding Position Before Acquisition

Prior to the acquisition, Manisha Vikaskumar Saraf held 10,00,000 shares carrying voting rights, representing 10.47% of the total share capital and 3.33% of the total diluted share capital. She additionally held 20,00,000 warrants/convertible securities, accounting for 6.67% of the diluted share capital. Her aggregate pre-acquisition holding stood at 30,00,000 units, representing 10.47% of total share capital and 10.01% of the total diluted share capital.

Details of the Acquisition

The following table summarises the key details of the acquisition as disclosed:

Parameter:	Details
Mode of Acquisition:	Preferential Allotment (Conversion of Warrants)
Shares Acquired:	10,00,000
% of Total Share Capital Acquired:	10.47%
% of Diluted Share Capital Acquired:	3.33%
Date of Acquisition:	6th August, 2026
Face Value per Share:	Rs. 10/-

Post-Acquisition Shareholding

Following the allotment, Manisha Vikaskumar Saraf's holding in equity shares carrying voting rights increased to 20,00,000 shares, equivalent to 20.95% of the total share capital and 6.67% of the diluted share capital. She continues to hold 10,00,000 warrants/convertible securities, representing 3.33% of the diluted share capital. Her total post-acquisition holding, inclusive of warrants, amounts to 30,00,000 units, representing 20.95% of total share capital and 10.01% of the total diluted share capital.

The table below provides a comparative view of the shareholding before and after the acquisition:

Metric:	Before Acquisition	After Acquisition
Shares with Voting Rights:	10,00,000	20,00,000
% of Total Share Capital:	10.47%	20.95%
% of Diluted Share Capital:	3.33%	6.67%
Warrants/Convertible Securities:	20,00,000	10,00,000
Total Holding (incl. warrants):	30,00,000	30,00,000
% Total (diluted):	10.01%	10.01%

Share Capital of Callista Industries Ltd

The equity share capital of Callista Industries Ltd before the acquisition stood at Rs. 8,54,65,880/-. Following the allotment of 10,00,000 equity shares, the total equity share capital increased to Rs. 9,54,65,880/-. The total diluted share/voting capital of the company after the acquisition stands at Rs. 29,94,65,880/-.

The disclosure was filed with BSE Limited and signed by Manisha Vikaskumar Saraf from Mumbai on 6th August, 2026, in compliance with the applicable SEBI regulations.

Historical Stock Returns for CHPL Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.65%	-7.87%	-12.46%	-3.45%	+1,181.08%	+1,181.08%

How might Manisha Vikaskumar Saraf's increased voting stake of 20.95% influence the corporate governance or strategic direction of Callista Industries?

What are the implications for existing shareholders regarding potential dilution as the remaining 10,00,000 warrants held by Saraf approach their conversion window?

Does this preferential allotment indicate a broader capital raising strategy by Callista Industries, and how will the proceeds from this conversion be utilized?