Bridge Securities Receives Rs 50 Lakh Second Tranche Payment for Convertible Warrants; Harshad Panchal Reduces Stake to 16.81%
Bridge Securities Limited received Rs 50.00 lakh from Keyventure Enterprises as the second tranche payment for 52.63 lakh convertible warrants. Separately, Harshad Amrutlal Panchal, a substantial shareholder, reduced his stake from 19.09% to 16.81% by selling 768,846 shares between September 10-17.

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Bridge Securities Limited recently witnessed significant developments in its shareholding pattern and warrant allotment process.
Convertible Warrants Allotment
Bridge Securities Limited received Rs 50.00 lakh from Keyventure Enterprises Private Limited as the second tranche payment for the allotment of 52.63 lakh convertible warrants. These warrants, priced at Rs 5.51 each, were issued to non-promoter entities on a preferential basis. The first tranche payment from Keyventure Enterprises was Rs 72.49 lakh, representing 25% of the total consideration.
Share Disposal by Harshad Panchal
In a separate development, Harshad Amrutlal Panchal, a substantial shareholder, reduced his stake in the company through a series of transactions.
Share Disposal Details
Panchal disposed of 768,846 equity shares of Bridge Securities Limited through stock exchange transactions between September 10-17. This sale resulted in a reduction of his shareholding from 19.09% to 16.81% of the company's total share capital.
Transaction Breakdown
The LODR (Listing Obligations and Disclosure Requirements) data provides a detailed breakdown of the transactions:
Date | Shares Sold | % of Total Share Capital |
---|---|---|
10-09 | 91,585 | 0.27% |
11-09 | 146,109 | 0.43% |
12-09 | 165,000 | 0.49% |
15-09 | 165,000 | 0.49% |
16-09 | 64,501 | 0.19% |
17-09 | 136,651 | 0.41% |
Shareholding Impact
- Before the transaction: Panchal held 6,417,899 shares (19.09% stake)
- After the disposal: Panchal's holding stands at 5,649,053 shares (16.81% stake)
The shares were sold at a face value of Re. 1 each, representing a total reduction of 2.28% of the company's total voting capital.
Regulatory Compliance
In compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Panchal submitted the required disclosure to both the BSE Limited and Bridge Securities Limited on September 19.
Company Information
Bridge Securities Limited is listed on the BSE. The company's total equity share capital remains unchanged at 33,613,000 shares after these transactions.
These developments, including the warrant allotment and the change in ownership structure, may be of interest to investors and market watchers monitoring Bridge Securities Limited.
Historical Stock Returns for Bridge Securities
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.35% | -2.49% | +23.38% | +40.00% | +187.03% | +2,265.52% |