Continental Securities Ltd disclosed that Vachi Commercial LLP, a member of its promoter group, acquired 5,00,000 equity shares on July 08, 2026. The acquisition was executed via a preferential allotment, increasing the acquirer's stake in the company. The disclosure was submitted to BSE Limited in compliance with Regulation 29(1) & (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following the transaction, the total equity share capital of Continental Securities Ltd increased to 3,09,53,000 shares, amounting to ₹6,19,06,000. The total diluted share capital post-acquisition stands at 3,17,53,000 shares. The shares were allotted pursuant to the conversion of convertible share warrants issued on a preferential basis.

Shareholding Details

The acquisition altered the shareholding structure of the promoter group. Before the transaction, Vachi Commercial LLP held 26,50,000 shares, which constituted 8.70% of the total share capital. Post-acquisition, the entity's holding rose to 31,50,000 shares, or 10.18% of the total paid-up capital. The acquirer also holds 8,00,000 warrants, representing 2.52% of the total diluted share capital.

Persons Acting in Concert

The disclosure includes details of Persons Acting in Concert (PACs) with Vachi Commercial LLP. Key individuals in the promoter group include Rajesh Khuteta, Madan Lal Khandelwal, and Hemant Gupta. The collective holding of the acquirer and PACs prior to the acquisition was 1,14,66,686 shares. Following the preferential allotment, the total promoter group holding increased to 1,19,66,686 shares.

The filing confirmed that Vachi Commercial LLP belongs to the promoter group of Continental Securities Ltd. The company's secretary, Pravita Khandelwal, submitted the intimation to the stock exchange on July 10, 2026.

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.