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 in the open market on January 22, 2026, through a disclosure filed under SEBI's Takeover Regulations. This sale reduced his personal holding in the company from 2,10,070 shares (0.72% of total share capital) to just 10,070 shares (0.04%) — effectively a 95% reduction in his individual stake. The promoter and promoter group as a whole continue to hold over 1 crore shares collectively, so overall promoter control remains broadly intact. Total share capital of the company is Rs 11.70 crore (5.85 crore equity shares of Rs 2 each).
This is a notable personal exit by one promoter, but since it represents only about 0.34% of total share capital and the broader promoter group remains largely intact, the immediate impact on shareholder confidence or stock price is likely limited. Retail investors may watch for any further selling by other members of the promoter group.