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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Hemant Gupta, a promoter of Continental Securities Ltd, sold 2,00,000 equity shares through the open market on January 22, 2026. Before the sale, he personally held 2,10,070 shares (0.72% of total share capital); after the sale, his holding dropped to just 10,070 shares (0.04%). The promoter group as a whole holds about 1.09 crore shares (~18.74% of the company's Rs. 5.85 crore total share capital), meaning the group remains well below the 50% threshold. The transaction was disclosed to BSE under SEBI's takeover regulations, and the company has the disclosure on record filed by the Company Secretary.
This is a notable promoter exit — Hemant Gupta has sold roughly 95% of his personal stake in the company, which may raise concerns among retail investors about promoter confidence. However, the broader promoter group still retains a meaningful ~18.7% holding, so it is not a complete promoter exit.