Continental Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/01/2026 ,inter alia, to consider and approve The allotment of 7,00,000 ....
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Continental Securities Ltd has informed BSE that its Board of Directors will meet on January 31, 2026, to consider and approve the allotment of 7,00,000 equity shares. These shares will be issued upon conversion of an equivalent number of warrants (out of 20,00,000 warrants previously allotted to a promoter group investor), upon receipt of the balance consideration. The equity shares will have a face value of ₹2 each and will be issued at a premium of ₹19 per share, on a preferential basis, to an allottee belonging to the Promoter Group.
The conversion will increase the promoter's equity stake in the company and dilute holdings of existing public shareholders, though no fresh capital infusion beyond the warrant exercise price occurs. Shareholders should monitor for potential price impact upon the actual allotment announcement.