Callista Industries Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing significant operational challenges with a substantial increase in net losses compared to the previous year. The Board of Directors approved these results during their meeting held on February 11, 2026, along with addressing key governance changes.

Financial Performance Overview

The company's financial performance for Q3FY26 showed a marked deterioration compared to the corresponding period in the previous fiscal year. The following table summarizes the key financial metrics:

Revenue and Income Analysis

For the quarter ended December 31, 2025, Callista Industries reported total income of ₹14.56 lacs, which came entirely from other income sources. The company recorded no income from operations during this period, similar to the previous quarters. This represents a notable change from Q3FY25, when the company had minimal other income of ₹0.04 lacs for the full year.

Expense Structure and Cost Management

The company's expense profile revealed significant cost pressures during Q3FY26. Other expenses constituted the largest component at ₹46.39 lacs, representing a substantial increase from ₹1.20 lacs in Q3FY25. Additionally, the company recorded ₹16.36 lacs in change in inventories, which contributed to the overall expense burden. Finance costs remained minimal at ₹0.04 lacs for the quarter.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company's cumulative performance showed:

Corporate Governance Updates

The Board of Directors addressed important governance matters during their February 11, 2026 meeting. Mrs. Bhavna Chouhan resigned from her position as Independent Director of the company, with the resignation taking effect from January 21, 2026. The company had previously submitted the required disclosure under Regulation 30 of SEBI (LODR) Regulations on the same date as her resignation.

Key Financial Highlights

The company maintains a paid-up equity share capital of ₹304.66 lacs with a face value of ₹10 per share, which remained unchanged throughout the reporting periods. The management noted that the company has fully written off closing stock based on their assessment that the inventory has become obsolete and is not expected to yield future economic benefits. This write-off was supported by written management representation and accounted for in accordance with applicable Indian accounting standards.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The independent auditor's limited review was conducted by Ramanand & Associates, Chartered Accountants, who provided an unqualified review report on the quarterly financial statements.

Callista Industries Limited has announced the resignation of Mrs. Bhawana Chouhan from her position as Independent Director, effective from the close of business hours on January 21, 2026. The resignation was submitted due to personal reasons, as communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Details and Committee Impact

Mrs. Bhawana Chouhan, holding Director Identification Number (DIN) 11328822, submitted her resignation letter on January 21, 2026. Following her resignation, she will also cease to be a member of the company's Audit Committee.

Regulatory Compliance and Disclosures

The company has provided comprehensive details as required under Schedule III – Para A(7B) of Part A of the Listing Regulations, in compliance with SEBI Master Circular dated November 11, 2024, and SEBI Circular dated December 31, 2024. Mrs. Chouhan confirmed in her resignation letter that there are no material reasons for her resignation other than the personal circumstances mentioned.

Additional Corporate Information

Callista Industries Limited, formerly known as CHPL Industries Limited, operates under CIN L65921GJ1989PLC098109. The company's registered address is located in Bardoli, Surat, with its corporate address in Mumbai, Maharashtra. The resignation documentation has been uploaded to the company's website at callistaindustries.com as part of transparency requirements.

Director's Confirmation

In her resignation letter, Mrs. Chouhan expressed gratitude to the board of directors for her association during her tenure as Independent Director. She specifically confirmed that there are no other material reasons for her resignation beyond the personal situations mentioned, providing the necessary assurance required under regulatory guidelines.