The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Orchid Securities Pvt Ltd
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Orchid Securities Private Limited, part of the promoter group of Continental Securities Ltd, sold 1,44,953 equity shares (0.49% of total share capital) through open market transactions on August 18 and 19, 2025. After the sale, Orchid Securities' individual holding dropped from 8,02,000 shares (2.74%) to 6,57,047 shares (2.25%) of the company. The disclosure was filed under Regulation 29(1) and 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The total share capital of Continental Securities stands at 5,85,06,000 equity shares, and the combined promoter group (including 20 persons acting in concert) holds around 1,13,57,494 shares, roughly 19.4% of the company.
This is a small, routine reduction (under 1%) in holding by one promoter-group entity via open market sale, likely profit-booking or portfolio rebalancing. Given the modest size and that the broader promoter group remains well below regulatory thresholds, the impact on the stock is expected to be minimal.