The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh Khuteta HUF & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajesh Khuteta HUF, part of the promoter group of Continental Securities Ltd, was allotted 5,00,000 equity shares on May 7, 2025 through conversion of convertible warrants issued on a preferential basis. This raises the HUF's holding from 6,19,400 shares (2.36%) to 11,19,400 shares (4.26%) of the company's equity capital. The total promoter group holding, including Persons Acting in Concert, now stands at 1,13,57,494 shares, roughly 42.45% of the post-allotment share capital of 2,67,53,000 equity shares. The company's total equity capital expanded from Rs. 5.25 crore to Rs. 5.35 crore (face value Rs. 2 per share) as a result of this allotment.
This is a promoter-group strengthening event, not a market purchase, and signals confidence in the company from the promoter side. Since the promoter group remains comfortably below the 50% takeover threshold, retail investors should view this as a routine preferential allotment with no immediate dilution or control concerns.