Disclosure under Regulation 7(2) oF SEBI (PIT)
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Orchid Securities Private Limited, part of the promoter group of Continental Securities Ltd, sold its entire holding of 60,000 equity shares (representing 17.34% of the company) in the open market on 28 August 2025. The disclosure was filed under SEBI Insider Trading Regulations on 30 August 2025. Post-sale, Orchid Securities appears to hold zero shares in the company, marking a complete promoter group exit from the listed entity. The sale was executed on the BSE at market price.
This is a significant negative signal for shareholders, as the entire promoter group has exited the company, removing the sponsor's economic interest and potentially weakening governance and minority shareholder confidence.