StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting3 Jul 2026, 09:50 pm

Continental Securities Board Meeting on July 8 to Approve Share Allotment

AI Summary

Continental Securities Ltd has announced a Board of Directors meeting scheduled for July 8th, 2026. The primary agenda item is to consider and approve the allotment of 5,00,000 equity shares. These shares will be issued upon the conversion of an equal number of warrants into equity shares, at a premium of ₹19 per share. The allotment is on a preferential basis to an allottee belonging to the promoter category, contingent upon the receipt of the balance consideration for the warrants. The meeting will also address any other business with the Chair's permission.

Key Highlights

  • Board meeting scheduled for July 8th, 2026.
  • To consider allotment of 5,00,000 equity shares.
  • Shares to be issued from warrant conversion.
  • Allotment is preferential to a promoter category allottee.