The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Orchid Securities Pvt Ltd
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orchid Securities Private Limited, part of the promoter group of Continental Securities Ltd, sold 1,87,003 equity shares (0.63% of total share capital) through the open market between August 21 and August 22, 2025. The promoter group's (Orchid Securities specifically) holding fell from 6,57,047 shares (2.25%) to 4,70,044 shares (1.60%) after this transaction. The total promoter group holding, including all 20 persons acting in concert listed in Annexure A, stands at approximately 1,13,57,494 shares (about 38.8% of the total share capital of 2,92,53,000 equity shares). The sale was executed on the BSE where the company is listed (Scrip Code: 538868).
This is a continued reduction in promoter group stake in a small-cap company, suggesting promoter entities are trimming their holdings. With the promoter group's combined holding already below 50%, further sales could keep signalling gradual dilution of promoter influence, which retail investors should monitor closely.