Description
15 lakh equity shares of Continental Securities Limited listed for trading from August 11, 2025, issued through preferential allotment with warrant conversion.
Summary
Continental Securities Limited (Scrip Code: 538868) has listed 15,00,000 new equity shares of Rs. 2/- each on BSE, effective from Monday, August 11, 2025. These shares were issued at a premium of Rs. 19/- through preferential allotment pursuant to warrant conversion.
Key Points
- 15,00,000 equity shares of Rs. 2/- each listed for trading
- Issued at premium of Rs. 19/- (total issue price Rs. 21/-)
- Shares issued to both Promoters and Non-Promoters on preferential basis
- New shares rank pari-passu with existing equity shares
- ISIN: INE183Q01020
- Distinctive Numbers: 26253001 to 27753000
Regulatory Changes
No regulatory changes introduced through this circular.
Compliance Requirements
- Trading members informed of new securities available for trading
- Lock-in provisions apply to different tranches of shares as specified
- Shares must comply with existing listing regulations
Important Dates
- Allotment Dates: May 7, 12, and 16, 2025
- Trading Commencement: August 11, 2025
- Lock-in Expiry:
- 5,00,000 shares (26253001-26753000): March 25, 2027
- 5,00,000 shares (26753001-27253000): May 31, 2026
- 5,00,000 shares (27253001-27753000): May 31, 2026
Impact Assessment
Minimal market impact expected as this is a routine listing of new securities through warrant conversion. The lock-in periods ensure gradual market availability, reducing potential volatility from sudden supply increase.
Impact Justification
Routine listing of new securities through warrant conversion with limited market impact