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Continental Securities informs about outcome of board meeting

31 May 2025 Evaluate
Pursuant to Regulation 30 of Listing Regulations, Continental Securities has informed that, Board of Directors of the Company at its meeting held on May 31, 2025, has considered and decided the following matter: Considered and approved the conversion of 7,75,000 warrants (comprising 5,00,000 warrants held by Aahwaanith Tradecom LLP and 2,75,000 warrants out of 10,00,000 held by Satiny Constructions Limited), allotted on January 31, 2025 on a preferential basis to non-promoter group allottees, into 7,75,000 equity shares of face value 32 each. Further Out of the 10,00,000 warrants held by Satiny Constructions Limited, 7,25,000 have already been converted into equity shares as of 24.05.2025. 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 5,69,56,000 consisting of 2,84,78,000 Equity Shares of Rs 2 each to 5,85,06,000 consisting of 2,92,53,000 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.


Continental Sec. Share Price

13.51 0.54 (4.16%)
12-Jun-2026 16:59 View Price Chart
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