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
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Rajesh Khuteta HUF, part of the promoter group of Continental Securities Ltd, has been allotted 5,00,000 equity shares through conversion of convertible share warrants on a preferential basis, with the acquisition dated May 7, 2025. This increases the HUF's individual holding from 6,19,400 shares (2.36%) to 11,19,400 shares (4.26%) of the company's total equity share capital. The total promoter and PAC group holding rises from 1,08,57,494 shares to 1,13,57,494 shares, representing roughly 42.45% of the expanded share capital of 2,67,53,000 equity shares. The disclosure has been filed under SEBI Takeover Regulations to report this promoter-group acquisition.
This is a promoter-group acquisition through warrant conversion, not an open-market purchase, so it does not directly affect stock price. However, it confirms continued promoter confidence and increases the promoter group's stake, while leaving total promoter holding below the 50% majority threshold at approximately 42.45%.