Corporate Action21 Jul 2026, 10:41 am
Continental Securities converts 4,00,000 warrants to equity shares
AI Summary
Continental Securities Ltd has announced the conversion of 4,00,000 convertible warrants into equity shares. These warrants, originally allotted on January 31, 2025, to Vachi Commercial LLP (a promoter group entity) on a preferential basis, have now been fully converted following the payment of the balance 75% issue price. This conversion increases the company's paid-up equity capital to ₹6,35,06,000, comprising 3,17,53,000 equity shares of face value ₹2 each. The total number of warrants originally allotted to Vachi Commercial LLP was 20,00,000, with 16,00,000 already converted prior to this announcement.
Key Highlights
- 4,00,000 convertible warrants converted into equity shares.
- Allotment was on preferential basis to promoter group entity Vachi Commercial LLP.
- Paid-up equity capital increased to ₹6,35,06,000.
- Total equity shares now stand at 3,17,53,000.
- All 20,00,000 warrants allotted on Jan 31, 2025, are now fully converted.
Price Impact
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