Continental Securities Converts 5 Lakh Warrants to Equity Shares

Continental Securities Ltd has approved the conversion of 5,00,000 convertible warrants into equity shares. These warrants were held by Vachi Commercial LLP, a promoter group entity, and were originally allotted on January 31, 2025, on a preferential basis. The conversion follows the payment of the balance 75% of the issue price by Vachi Commercial LLP. This conversion increases the company's paid-up equity capital from ₹6,09,06,000 to ₹6,19,06,000, with the number of equity shares rising from 3,04,53,000 to 3,09,53,000. The issue price per warrant was ₹5.25 for 25% upfront payment and ₹15.75 for the remaining 75% upon conversion.