Key Quantitative Figures

  • Shares Acquired: 5,00,000 equity shares
  • Face Value per Share: ₹2
  • Pre-acquisition Paid-up Capital: 3,04,53,000 equity shares amounting to ₹6,09,06,000
  • Post-acquisition Paid-up Capital: 3,09,53,000 equity shares amounting to ₹6,19,06,000
  • Total Diluted Capital Post-acquisition: 3,17,53,000 equity shares amounting to ₹6,35,06,000
  • Vachi Commercial LLP Holding Pre-acquisition: 26,50,000 shares (8.70% of voting capital)
  • Vachi Commercial LLP Holding Post-acquisition: 31,50,000 shares (10.18% of voting capital)
  • Total PAC Holding Post-acquisition: 1,19,66,686 shares
  • Outstanding Convertible Warrants: 8,00,000 warrants (2.52% of diluted capital)

Dates of Action

  • Date of Acquisition/Allotment: July 8, 2026
  • Date of Disclosure Filing: July 10, 2026
  • Shareholding Reference Date: March 31, 2026

Parties Involved

  • Target Company: Continental Securities Limited (Scrip Code: 538868)
  • Acquirer: Vachi Commercial LLP (Promoter Group entity)
  • Designated Partner: Hemant Gupta (DPIN: 08653390)
  • Persons Acting in Concert: 19 entities including Rajesh Khuteta, Madan Lal Khandelwal, Hemlata Khuteta, Raj Khuteta, Mahima Khuteta, and others
  • Company Compliance Officer: Pravita Khandelwal, Company Secretary
  • Stock Exchange: BSE Limited

Mode of Acquisition

Preferential allotment of equity shares by Continental Securities Limited pursuant to conversion of convertible share warrants.

Capital Structure Impact

  • Increase in paid-up share capital by ₹10,00,000 (from ₹6,09,06,000 to ₹6,19,06,000)
  • Increase in total diluted capital to ₹6,35,06,000
  • Vachi Commercial LLP's voting rights increased from 8.70% to 10.18%
  • Total holding of acquirer with PACs represents approximately 39.45% of diluted capital

Shareholding Details (Post-acquisition)

  • Vachi Commercial LLP: 31,50,000 shares (10.18%)
  • Rajesh Khuteta: 17,66,375 shares
  • Hemlata Khuteta: 10,32,640 shares
  • Mahima Khuteta: 9,24,465 shares
  • Sunidhi Khuteta: 11,41,525 shares
  • Raj Khuteta: 7,21,535 shares
  • Vikrant Khandelwal: 6,40,000 shares
  • Yash Khuteta: 6,84,424 shares
  • Rajesh Khuteta HUF: 11,19,400 shares
  • Others: Various smaller holdings as per Annexure A

Outstanding Instruments

Vachi Commercial LLP holds 8,00,000 convertible warrants representing 2.52% of diluted share capital.

#Tags: #ContinentalSecurities #VachiCommercial #SEBITakeoverRegulations #PreferentialAllotment #PromoterHolding #RegulatoryCompliance #Neutral