Please find enclosed herewith the disclosure in "form C" received from Rajesh Khuteta HUF ,Promoter Group of the company.
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Rajesh Khuteta HUF, part of the Promoter Group of Continental Securities Ltd, has converted 5,00,000 convertible warrants into equity shares. The allotment happened on 7 May 2025 at Rs. 21 per share (face value Rs. 2), taking the total transaction value to Rs. 1.05 crore. Before this conversion, the HUF held 6,19,400 shares (19.40% stake); after conversion, its holding rises to 11,19,400 shares. The warrants were originally subscribed on 31 January 2025 with a 25% upfront payment, and the balance 75% was paid at the time of conversion. The disclosure was filed under SEBI Insider Trading Regulations as a continual disclosure by a promoter group entity.
This is a promoter-group stake increase through warrant conversion, signaling continued promoter confidence and fresh capital infusion into the company at Rs. 21 per share, which is positive for shareholders. There is no change in control, but the promoter's economic interest in the company goes up.