Company Disclosure under SEBI Regulation 30
Continental Securities Limited (CIN: L67120RJ1990PLC005371) has submitted a regulatory disclosure to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Proposed Business Expansion Details
- Expansion of existing Gold Loan business with increased lending operations
- Further development and expansion of Mutual Fund business
- Opening additional branches/business locations in Jaipur, Rajasthan to support these business activities
Fundraising Plans
To meet capital requirements arising from the proposed expansion and to strengthen the company's capital base, the company proposes to raise funds through:
- Issuance of equity shares
- And/or securities convertible into equity shares
The fundraising is subject to applicable statutory and regulatory approvals.
Terms to be Determined
The specific terms of the proposed fundraising including:
- Size of issuance
- Issue price
- Number of securities
- Mode of issue
- Other terms
will be determined by the Board of Directors at the appropriate stage, subject to applicable laws and regulations.
Future Communications
Further details regarding the proposed business expansion and fundraising will be intimated to the Stock Exchange when finalized/approved by the company.
Disclosure Purpose
This disclosure is made for the information of shareholders and the general public.