Continental Petroleums Ltd — Updates, 09-06-2025: Company Update

Continental Petroleums has announced a board meeting outcome approving the allotment of 48.13 lakh fully convertible warrants at ₹110 each (face value ₹5 + premium ₹105) on a preferential basis. Warrants worth ₹9.52 Cr were allotted to promoters partly by cash and partly via share swap, while non-promoters received warrants worth ₹37.95 Cr in cash. The company has collected 25% of the issue price upfront, with the balance payable upon conversion within 18 months. Shares from conversion will be listed on BSE, supporting potential equity infusion and shareholder value enhancement.