Continental Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/05/2025 ,inter alia, to consider and approve To convert 7, 75,000 ....
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Continental Securities Ltd has informed BSE that its Board of Directors will meet on May 31, 2025. The key agenda item is the conversion of 7,75,000 convertible warrants into an equal number of equity shares of face value ₹2 each. These shares will be allotted on a preferential basis to allottees under the public category. The company is a Jaipur-based non-banking financial company (NBFC). This is a regulatory intimation under SEBI Listing Regulations, not the actual allotment.
Warrant conversion will increase the equity share count by 7.75 lakh shares, leading to some dilution for existing shareholders. For the allottees, this allows them to convert their warrants into actual shares, increasing the promoter/public category holding.