Continental Petroleums Limited has successfully completed the conversion of 10,02,440 warrants into equity shares, raising ₹8.27 crores from 13 allottees on January 20, 2026. The Fund-raising committee of the Board of Directors approved this significant capital expansion during their meeting held on Tuesday.

Warrant Conversion Details

The converted warrants were part of the original allotment of 48,12,500 convertible warrants issued on June 9, 2025. Out of the remaining 19,05,250 warrants available for conversion, 13 allottees exercised their conversion rights by depositing the balance 75% consideration amount.

Share Capital Impact

The conversion has significantly expanded Continental Petroleums' share capital structure. The company's issued and paid-up capital increased from ₹4.23 crores to ₹4.74 crores, representing a substantial capital infusion.

Shareholding Pattern Changes

The warrant conversion has altered the company's shareholding structure, with promoter holding decreasing marginally while non-promoter shareholding increased.

Key Allottee Details

Among the 13 allottees, two belong to the promoter group while eleven are non-promoters. The largest individual allocation went to Jugal Kishore Rawat with 1,50,000 shares, followed by Radhika Khandelwal from the promoter group with 1,18,000 shares. Several allottees including Dhiren Jagjivandas Shah, Dhwani Darshil Shah, Vijyeta Agarwal, and Darshil Petrochem each received 1,00,000 shares.

Regulatory Compliance

The allotment was conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The newly allotted equity shares rank pari passu with existing equity shares in all respects, including dividend payments and voting rights. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations and made the information available on both company and stock exchange websites.

Continental Petroleums Limited (CPL) has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a significant increase in quarterly profits despite a decline in half-yearly performance.

Quarterly Performance Highlights

The lubricants and grease manufacturer reported a 75.8% year-on-year increase in net profit for the second quarter. The company's net profit rose to ₹107.82 crore, up from ₹61.70 crore in the corresponding quarter of the previous year.

Total income for Q2 reached ₹2,284.99 crore, marking an increase from ₹1,843.58 crore in the same quarter last year.

Half-Yearly Results

Despite the strong quarterly performance, CPL's half-yearly results showed a decline:

Operational Overview

Continental Petroleums Limited operates in various segments, including:

• Lubricants and grease manufacturing
• Distribution
• Incineration services
• Turnkey projects

The company's board of directors approved the standalone and consolidated unaudited financial results, along with the auditor's limited review report, during a meeting held on November 7, 2025.

Financial Position

As of September 30, 2025, Continental Petroleums reported:

• Total assets of ₹11,400.09 crore
• Equity share capital of ₹423.39 crore
• Reserves and surplus of ₹6,328.86 crore

Market Reaction

While the quarterly results show significant improvement, investors may need to consider the mixed half-yearly performance. The company's ability to maintain profitability amid challenging market conditions will be crucial for its future growth prospects.

Continental Petroleums Limited continues to focus on its core business segments, and the coming quarters will be important in determining if the company can sustain its quarterly growth momentum and improve its half-yearly performance.