Description
BSE announces listing of 15 lakh equity shares of Continental Securities Limited issued through warrant conversion, effective August 28, 2025.
Summary
BSE has announced the listing of 15,00,000 new equity shares of Continental Securities Limited (Scrip Code: 538868) effective from August 28, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters.
Key Points
- 15,00,000 equity shares of Rs. 2/- each issued at premium of Rs. 19/-
- Issue price: Rs. 21/- per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- New shares rank pari-passu with existing equity shares
- ISIN: INE183Q01020
- Distribution numbers: 27753001 to 29253000
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members informed of new security listing
- Lock-in period applicable until June 15, 2026
- All 15,00,000 shares subject to lock-in restrictions
Important Dates
- Allotment dates: May 24, 2025 (7.25 lakh shares) and May 31, 2025 (7.75 lakh shares)
- Trading commencement: August 28, 2025
- Lock-in expiry: June 15, 2026
Impact Assessment
Minimal market impact expected as this is a routine listing of shares issued through warrant conversion. The lock-in period until June 2026 ensures these shares won’t immediately impact trading volumes. This represents additional capital raise for Continental Securities Limited through preferential allotment mechanism.
Impact Justification
Routine listing of new shares through warrant conversion with limited market impact