The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemant Gupta
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Awaiting price reaction for this filing.
Hemant Gupta, a member of the promoter group of Continental Securities Limited, sold 1,39,930 equity shares through the open market on December 30, 2025. This brought down his individual holding from 3,50,000 shares (1.19% of total share capital) to 2,10,070 shares (0.72%), a reduction of roughly 0.47 percentage points. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with the company's total equity share capital standing at 2,92,53,000 shares of Rs. 2 each. The transaction was executed on the BSE where the stock (Scrip Code: 538868) is listed.
A reduction in promoter group shareholding through open market sale can be viewed as a mild negative signal by retail investors, as it may suggest the insider sees limited near-term upside or is reallocating capital. However, the size of the sale is relatively small (less than 1% of capital) and is unlikely to materially impact the stock price on its own.