Vachi Commercial LLP, a promoter group entity of Continental Securities Ltd , increased its equity stake to 12.44% following the acquisition of 4,00,000 shares on July 21, 2026. The transaction, executed through the conversion of convertible share warrants, was disclosed to Bombay Stock Exchange Limited under Regulation 7(2)(b) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This move consolidates the promoter group’s control within the listed brokerage firm.

Hemant Gupta, designated partner of Vachi Commercial LLP, confirmed the acquisition details in a Form C filing dated July 22, 2026. The shares were allotted upon the exercise and conversion of 4,00,000 convertible warrants originally subscribed on January 31, 2025. At that time, Vachi Commercial LLP had paid 25% of the warrant price. The recent conversion involved payment of ₹15.75 per warrant, representing 75% of the balance issue price, resulting in an allotment at ₹21.00 per share. Each equity share has a face value of ₹2.

Acquisition Details

The total value of the transaction amounted to ₹84,00,000. Post-acquisition, Vachi Commercial LLP’s holding stands at 39,50,000 equity shares. This represents 12.44% of the total fully diluted equity share capital, calculated after considering the impact of full conversion of outstanding warrants into equity shares.

Shareholding Structure

The collective holding of the acquirer and Persons Acting in Concert (PACs) totals 1,27,66,686 shares post-acquisition. The PACs include Rajesh Khuteta, Madan Lal Khandelwal, Hemant Gupta, and other promoter group members. The disclosure confirms that Vachi Commercial LLP belongs to the promoter category. Pravita Khandelwal, Company Secretary and compliance officer of Continental Securities Limited, certified the intimation submitted to the exchange.

Continental Securities Limited will convene a board meeting on July 8, 2026, to consider the preferential allotment of equity shares through the conversion of warrants. The meeting aims to approve the conversion of 5,00,000 warrants into equity shares for allottees belonging to the promoter category, subject to the receipt of the balance consideration.

The board will evaluate the conversion of these warrants, which represent a portion of the total 13,00,000 warrants issued. Each equity share carries a face value of ₹2 and will be issued at a premium of ₹19 per share. The preferential allotment is contingent upon the company receiving the remaining funds for the specified warrants.

The meeting is scheduled to be held at 10:30 A.M. at the company's registered office located at 301, Metro Plaza, Gopalbari, Jaipur, Rajasthan – 302001. The agenda includes the approval of the conversion and any other matters that may arise with the permission of the chair.

Details of Proposed Allotment

The intimation was submitted to BSE Limited under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pravita Khandelwal, Company Secretary and Compliance Officer, signed the disclosure on July 3, 2026.