Please find enclosed herewith the disclosure in "from C" as received from Rajesh Khuteta HUF, Promoter Group of the company .
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Continental Securities Ltd's promoter group entity, Rajesh Khuteta HUF, has been allotted 5,00,000 equity shares upon conversion of 5,00,000 convertible warrants. The warrants were originally subscribed on January 31, 2025 with a 25% upfront payment, and the balance 75% (Rs 15.75 per warrant) was paid at the time of conversion on May 7, 2025. Shares were allotted at Rs 21 per share, taking the total transaction value to Rs 1.05 crore. Prior to this allotment, Rajesh Khuteta HUF held 6,19,400 equity shares (19.40% of the fully diluted share capital). This is a routine Form C disclosure filed under SEBI's Insider Trading Regulations regarding the change in shareholding of a promoter group entity.
The promoter group's equity stake in Continental Securities has increased further through a pre-committed warrant conversion, showing continued commitment from the promoter group. Since the shares were issued via preferential allotment at a fixed price (not bought from the open market), there is no immediate impact on the stock price, but it slightly dilutes the holding of non-promoter shareholders.