Continental Securities Ltd to Consider Allotment of 4,00,000 Equity Shares via Warrant Conversion
Continental Securities Ltd has scheduled a Board of Directors meeting on July 21, 2026, to deliberate on a significant issuance of equity shares. The meeting is set to take place at 10:00 A.M. at the company's registered office located in Jaipur, Rajasthan.The primary agenda for the meeting involves the proposed allotment of 4,00,000 equity shares. These shares are to be issued through the conversion of 4,00,000 warrants into equity shares on a preferential basis. The proposal targets an allottee belonging to the promoter category and is contingent upon the receipt of the remaining consideration for the warrants.
The details of the proposed share allotment are as follows:
| Description | Details |
|---|---|
| Number of Equity Shares | 4,00,000 |
| Conversion Basis | Conversion of 4,00,000 Warrants |
| Face Value per Share | 32 |
| Premium per Share | 19 |
| Allotment Type | Preferential Basis |
| Target Category | Promoter |
In addition to the share allotment, the Board will also consider any other matters with the permission of the Chair during the proceedings.
Stock Price Movement
Continental Securities Ltd settled at ₹11.71 on Friday, ticking up 0.77%. Shares swung between a low of ₹11.11 and a high of ₹12.00 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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