Considered and approved the conversion of 5,00,000 warrants into 5,00,000 Equity shares of face value of Rs. 2/- at a premium of Rs. 19/- Each and allotment of such equity shares to allottes ....
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Continental Securities Ltd's board, at its meeting on May 16, 2025, approved the conversion of 5,00,000 warrants into 5,00,000 equity shares of face value Rs. 2 each at a premium of Rs. 19 per share (total issue price Rs. 21). The warrants were originally allotted on a preferential basis on January 31, 2025 to Raahityaa Enterprises LLP (Non-Promoter), and the balance 75% consideration was received on May 13, 2025. Following this allotment, the company's paid-up equity capital increased from Rs. 5,45,06,000 (2,72,53,000 shares) to Rs. 5,55,06,000 (2,77,53,000 shares). Raahityaa Enterprises LLP's stake rises from 4.23% to 5.07% post-conversion.
This is a pre-scheduled warrant conversion, not new fundraising, so the dilution impact was already priced in when warrants were issued in January 2025. Existing shareholders see a marginal increase in share count (~1.8%), with no immediate cash inflow beyond what was already committed.