StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action21 Jul 2026, 10:39 am

Continental Securities converts 4,00,000 warrants to equity shares

AI Summary

Continental Securities Ltd announced that its Board of Directors, in a meeting held on July 21, 2026, approved the conversion of 4,00,000 warrants into 4,00,000 equity shares. These warrants were originally allotted on January 31, 2025, to Vachi Commercial LLP, a promoter group entity, on a preferential basis. The conversion follows the payment of the balance 75% of the issue price by the allottee. This conversion increases the company's paid-up equity capital from ₹6,27,06,000 to ₹6,35,06,000, with the number of equity shares rising from 3,13,53,000 to 3,17,53,000. All 20,00,000 warrants allotted on January 31, 2025, have now been fully converted.

Key Highlights

  • 4,00,000 warrants converted into equity shares.
  • Conversion is for promoter group entity Vachi Commercial LLP.
  • Paid-up capital increased to ₹6,35,06,000.
  • Total equity shares now stand at 3,17,53,000.
  • All 20,00,000 warrants from Jan 31, 2025, are now converted.