Continental Securities announced plans to expand its gold loan and mutual fund businesses. The firm intends to open new branches in Jaipur and raise equity capital to fund the growth.

The company disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The expansion aims to increase lending operations in the gold loan segment while further developing its mutual fund distribution network.

Expansion Strategy

Continental Securities will focus on three key areas to drive business growth:

• Expanding existing gold loan business and increasing lending operations
• Further developing and expanding its mutual fund business
• Opening additional branches and business locations in Jaipur, Rajasthan

These initiatives are designed to strengthen the company's market presence in Rajasthan and diversify its revenue streams through enhanced lending and distribution capabilities.

Fund Raising Plans

To meet capital requirements for the proposed expansion, the company plans to raise funds through the issuance of equity shares or securities convertible into equity. This move aims to strengthen the company's capital base.

The Board of Directors will determine the specific terms of the issue, including:

• Size of the issue
• Issue price
• Number of securities
• Mode of issue
• Other relevant terms

All proposals are subject to applicable statutory and regulatory approvals.

Regulatory Disclosure

The disclosure was signed by Pravita Khandelwal, Company Secretary and compliance officer, on September 3, 2026. The filing was digitally signed on September 8, 2026.

Further details regarding the business expansion and fund raising will be intimated to the stock exchanges once finalized and approved by the company.

Continental Securities Limited has scheduled its 36th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM) starting at 2:00 pm. The Board of Directors approved these dates during a meeting on September 2, 2026.

Shareholders holding shares as of the cut-off date are eligible to receive the recommended dividend of ₹0.05 per equity share of face value ₹2 each (2.50%). The company has also issued detailed communication regarding Tax Deduction at Source (TDS) on the dividend for the financial year 2026-27, in compliance with the Income Tax Act, 2025.

Key approvals and dates

The board approved several critical items during the meeting, which commenced at 10:00 am and concluded at 11:30 am. The register of members will remain closed from September 22 to September 28, 2026.

Financial performance for FY26

For the financial year ended March 31, 2026, Continental Securities reported a net profit after tax of ₹219.03 lakh, a significant increase from ₹132.86 lakh in the previous year. Revenue from operations, primarily interest income, rose to ₹394.40 lakh from ₹284.08 lakh in FY25.

Profit before tax stood at ₹290.26 lakh, compared to ₹181.22 lakh in the prior year. Total expenses increased marginally to ₹104.13 lakh from ₹102.86 lakh. The company’s total assets grew to ₹2,724.23 lakh from ₹1,824.80 lakh as of March 31, 2025.

Dividend recommendation and TDS implications

At its meeting held on May 8, 2026, the board recommended a dividend of ₹0.05 per equity share for approval by members at the 36th AGM. If approved, the dividend will be paid within 30 days from the AGM date, subject to tax deduction at source.

Eligibility is determined by names appearing in the Register of Members (physical) or beneficial owner list (demat) as of the closure of business hours on Monday, September 21, 2026.

Tax Deduction at Source (TDS) details

Pursuant to the implementation of the Income Tax Act, 2025, effective April 1, 2026, dividends are taxable in the hands of shareholders. The company must deduct TDS at the time of payment unless specific exemptions apply. Shareholders are requested to submit relevant documents by September 21, 2026.

For Resident Shareholders:

• Tax is deducted at 10% if a valid PAN is registered.
• No tax is deducted if the total dividend does not exceed ₹10,000 and Form 121 is submitted.
• A higher rate of 20% applies if PAN is not provided or not linked with Aadhaar.
• Resident non-individuals such as Insurance Companies, Mutual Funds, and AIFs may claim exemption by submitting self-declarations and registration certificates.

For Non-Resident Shareholders:

• Withholding tax is generally 20% plus applicable surcharge and cess.
• Beneficial rates under Double Taxation Avoidance Agreements (DTAA) may be applied if shareholders submit Form 41, Tax Residency Certificate, and other required declarations.
• Failure to submit documents will result in tax deduction at the standard rate.

Documents can be uploaded via the company’s website or emailed to the designated addresses. Shareholders holding physical shares must ensure their bank details are updated and KYC compliant for electronic dividend payments.

Leadership changes and appointments

On the recommendation of the Nomination and Remuneration Committee, the board appointed Rajesh Khuteta as Chairman with effect from September 2, 2026. Consequently, he has been re-designated as Managing Director and Chairman of Continental Securities.

Mr. Khuteta has been associated with the company since its incorporation in 1990. He holds a Bachelor's degree in Science from the University of Rajasthan and brings over 28 years of experience in the finance sector, particularly in securities and capital markets.

This move consolidates the roles of Managing Director and Chairman under a single individual, altering the company’s leadership structure. Mr. Khuteta is the father of Ms. Mahima Khuteta (Executive Director) and Mr. Yash Khuteta (Non-Executive Director).

Reappointment of Ms. Mahima Khuteta

The AGM agenda includes the reappointment of Ms. Mahima Khuteta (DIN: 08245957), who retires by rotation. She offers herself for reappointment as a Director. Ms. Khuteta holds qualifications in C.A. and B.Com and has experience in statutory audit, direct taxation, indirect taxation, and financial due diligence from her tenure at PwC.

She currently serves as a Member of the Audit Committee of Continental Securities Limited. As of the record date, she holds 9,24,465 shares in the company. Her remuneration last drawn was ₹3,00,000, and the remuneration to be paid is ₹9,00,000.

Promoter remuneration approval

The AGM will also consider a special resolution to approve the aggregate remuneration payable to Executive Directors who are Promoters/Promoter Group Directors. This includes Mr. Rajesh Khuteta and Ms. Mahima Khuteta.

The proposed aggregate remuneration does not exceed ₹30,00,000 per annum. Approval is sought pursuant to Regulation 17(6)(e) of the SEBI Listing Regulations and Sections 197 and 198 of the Companies Act, 2013, as the remuneration exceeds 5% of the net profits computed under Section 198.

The approval will be valid only until the expiry of the current term of office of Mr. Rajesh Khuteta and Ms. Mahima Khuteta.

Regulatory compliance

The outcome was filed pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited on September 2, 2026. The company also reviewed and approved its Dividend Distribution Policy and Internal Guidance on Corporate Governance Policy.

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, Continental Securities has dispatched letters to shareholders whose email addresses are not registered, providing web links to access the Integrated Annual Report for FY 2025-26. The notice and annual report are available electronically to members with registered emails.