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

Jayantilal Keshavbhai Parmar, a member of the promoter group at Callista Industries Ltd , acquired 15,25,000 convertible warrants through a preferential allotment on July 2, 2026. The acquisition increases the acquirer's holding in the company's convertible instruments, representing a 5.09% stake in the total diluted share capital. The intimation regarding the acquisition was received by the company on July 6, 2026.

The disclosure was submitted to BSE Limited under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the warrants carry a face value of ₹10 each and are convertible within 18 months from the date of allotment at a conversion ratio of 1:1. There is no redemption feature; the warrants must be converted into equity shares or will lapse as per the terms of the issue.

Details of Acquisition

The equity share capital of Callista Industries Ltd before the acquisition was ₹6,75,90,880, which increased to ₹6,95,90,880 post-acquisition. The total diluted share capital after the acquisition stands at ₹29,94,65,880. The disclosure was signed and submitted by Jayantilal Keshavbhai Parmar from Mumbai.