Callista Industries Limited received in-principle approval from BSE Limited for a preferential issue of securities. The approval was granted vide letter reference no. LOD/PREF/PB/FIP/411/2026-27 dated 19th June, 2026 under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The approval covers:
- Issue of 2,12,50,000 (Two Crore Twelve Lakhs Fifty Thousand) convertible warrants at an issue price of ₹10 per equity share
- Issue of 56,50,000 (Fifty-Six Lakhs Fifty Thousand) equity shares at an issue price of ₹10 per equity share
- Both securities have a face value of ₹10 per share
- The issuance is to be made to Promoter Group and Non-Promoter category investors
The in-principle approval is valid for 15 days from the approval date (June 19, 2026). The company is required to ensure strict compliance with:
- Companies Act, 2013
- Securities Contracts (Regulation) Act, 1956
- SEBI Act, 1992
- Depositories Act, 1996
- Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
- Listing Agreement with BSE
BSE has advised the company to strengthen internal controls to monitor trades by proposed allottees and specifically:
- Obtain undertaking from allottees confirming they will not do intra-day trading or any sale in the company scrip till allotment date
- Verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
- Note that any non-compliances may impact listing of such shares
The company must make listing application within 20 days from date of allotment as per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. BSE reserves the right to withdraw this approval if submitted information is found incomplete/incorrect/misleading/false or if it contravenes any regulations.
The disclosure was signed by Rashmi Sharma, Managing Director, on June 19, 2026 at Mumbai.