Disclosure under Regulation 7(2) of SEBI(PIT)
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Orchid Securities Private Limited, a promoter group entity of Continental Securities Ltd, sold 1,56,819 equity shares in the open market between 25 August 2025 and 26 August 2025. The shares were sold for a total value of approximately Rs. 29.12 lakh. Following this sale, the promoter group's holding dropped from 4,70,044 shares (18.60%) to 3,13,225 shares (approximately 12.40%). The transaction was executed on the BSE and disclosed by the Company Secretary, Pravita Khandelwal, on 27 August 2025.
This is a notable reduction of about 6.2 percentage points in promoter holding through an open-market sale, which may raise concerns among retail investors about insider confidence. The promoter stake has now fallen well below the majority threshold, indicating reduced promoter control in the company.