Continental Securities has informed that Board of Directors of the Company at its meeting held on May 07, 2025, has considered and decided the following matter: Considered and approved the conversion of 5,00,000 warrants into 5,00,000 Equity shares of face value of Rs 2 at a premium of Rs 19 each out of the warrants allotted on January 31, 2025 on Preferential Basis to allottes of Promoter & Non-Promoter Group. Further the special resolution passed by the shareholders of the company in the general meeting dated January 07, 2025 and in-principle approval received from BSE on January 29, 2025 vide letter no. LOD/PREF/MV/FIP/1756/2024-25. Consequent to the aforesaid allotment, the paid-up equity capital of the Company has increased from Rs 5,25,06,000 consisting of 2,62,53,000 Equity Shares of Rs 2 each to Rs 5,35,06,000 consisting of 2,67,53,000 Equity Shares of Rs 2 each. Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure A. The Meeting of Board of Directors commenced at 11.00 AM and concluded at 11.30 AM.
The above information is a part of company’s filings submitted to BSE.
