Vachi Commercial LLP Disclosure under SEBI Takeover Regulations

Acquisition Details

  • Acquirer: Vachi Commercial LLP
  • Target Company: Continental Securities Limited
  • Number of shares acquired: 400,000 equity shares
  • Mode of acquisition: Preferential allotment by Target Company
  • Date of acquisition: July 21, 2026
  • Security type: Equity shares allotted pursuant to conversion of convertible share warrants on preferential issue basis

Pre-Acquisition Holdings (Vachi Commercial LLP with PACs)

  • Shares carrying voting rights: 3,550,000 shares (11.32% of total share capital, 11.18% of diluted capital)
  • Convertible warrants: 400,000 warrants (1.28% of total share capital, 1.26% of diluted capital)
  • Total holding: 3,950,000 shares/warrants (12.44% of diluted capital)

Post-Acquisition Holdings

  • Shares carrying voting rights: 3,950,000 shares (12.44% of both total and diluted capital)
  • Convertible warrants: 0 warrants (fully converted)
  • Net increase: 400,000 shares (1.26% increase in voting rights)

Capital Structure Impact

  • Pre-acquisition capital: 3,13,53,000 equity shares of face value ₹2 each, totaling ₹6,27,06,000
  • Post-acquisition capital: 3,17,53,000 equity shares of face value ₹2 each, totaling ₹6,35,06,000
  • Capital increase: ₹8,00,000 (400,000 shares × ₹2 face value)

Persons Acting in Concert (PACs) Shareholding

Detailed shareholding of 20 PAC entities as of June 30, 2026:

Major PAC Holdings:

  • Yash Khuteta: 1,23,66,686 shares (increased to 1,27,66,686 post-acquisition)
  • Rajesh Khuteta: 17,66,375 shares
  • Hemlata Khuteta: 10,32,640 shares
  • Sunidhi Khuteta: 11,41,525 shares
  • Rajesh Khuteta HUF: 11,19,400 shares
  • Hemant Gupta: 6,84,424 shares
  • Vikrant Khandelwal: 6,40,000 shares
  • Mahima Khuteta: 9,24,465 shares
  • Raj Khuteta: 7,21,535 shares
  • Madan Lal Khandelwal: 3,52,000 shares

Total PAC holding: 1,23,66,686 shares pre-acquisition, increasing to 1,27,66,686 shares post-acquisition

Combined Holding (Acquirer + PACs)

  • Pre-acquisition total: 1,23,66,686 shares + 3,550,000 shares = Not explicitly totaled but implied
  • Post-acquisition total: 1,27,66,686 shares + 3,950,000 shares = Not explicitly totaled but implied