The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vachi Commercial LLP & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vachi Commercial LLP, part of the promoter group of Continental Securities Ltd, was allotted 7,00,000 equity shares (about 2.39% of the company's share capital) on January 31, 2026. These shares were issued through conversion of convertible warrants allotted earlier on a preferential basis. After the conversion, Vachi Commercial LLP's direct holding rose to 26,50,000 shares (8.85%), with 13,00,000 warrants still pending conversion. The total promoter group (acquirer plus 19 persons acting in concert) holding went up from 1,09,66,686 to 1,16,66,686 shares, which is roughly 39% of the expanded share capital. The company's total equity share capital increased from 2,92,53,000 to 2,99,53,000 shares of face value Rs. 2 each.
The promoter group is strengthening its equity stake through warrant conversion, which shows continued promoter commitment to the company. Since this is warrant-to-equity conversion rather than a fresh open-market purchase, there is a small dilutive effect on non-promoter shareholders, but no new cash is leaving the company.