Continental Controls Limited has accepted the resignation of Chetna Gupta as an Independent Director, effective from the close of business hours on July 30, 2026. The Board of Directors received her resignation letter via email on the same date, citing personal and unavoidable reasons for her departure. Consequently, Gupta will cease to serve as a member of the Nomination and Remuneration Committee immediately upon her exit.

The company disclosed the development in a filing with the Bombay Stock Exchange Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anushree Tekriwal, Company Secretary of Continental Controls Limited, confirmed that the resignation was tendered voluntarily and accepted by the Board.

Gupta, bearing DIN 02212440, explicitly stated in her resignation letter that there are no material reasons for her stepping down other than those mentioned. She requested the Board to relieve her of her duties and submit the necessary forms to the Registrar of Companies.

Directorship Profile

Gupta holds directorships in other listed entities. Her current board memberships include roles at Associated Coaters Limited and Arc Insulation and Insulators Limited. At Associated Coaters Limited, she serves as a Member of the Audit Committee and Chairperson of both the Nomination & Remuneration Committee and the Stakeholder Relationship Committee.

Regulatory Compliance

The filing confirms that Gupta is not debarred from holding the office of Director by virtue of any SEBI order. The company has enclosed her resignation letter with detailed reasons as part of the disclosure requirements under Schedule III of the Listing Regulations.

Continental Controls Limited reported a turnaround to profitability for the quarter ended June 30, 2026, with a net profit of ₹52.40 lakh compared to a loss of ₹3.64 lakh in the preceding quarter ended March 31, 2026. The company's board also approved raising funds up to ₹50 crore through a rights issue of equity shares and the acquisition of commercial rights to software applications from Onelife Capital Advisors Limited for a fixed license fee of ₹53,99,603.

The board approved the issuance of fully paid-up equity shares of face value ₹10 each by way of rights issue to eligible shareholders as on a record date to be determined later. The Rights Issue Committee, comprising Mr. Rajnish Kumar Pandey, Mr. Abhay Sethia, and Ms. Lucy Massey, was constituted to oversee the process. Purva Shareregistry (India) Private Limited was appointed as the Registrar to the Issue, ICICI Bank Limited as the Banker to the Issue, and Acuite Ratings & Research Limited as the Monitoring Agency.

For the quarter ended June 30, 2026, total income increased significantly to ₹58.89 lakh from ₹4.64 lakh in the same period last year. Revenue from operations stood at ₹55.00 lakh compared to nil in the previous year. Total expenses for the quarter were ₹6.49 lakh, down from ₹10.13 lakh in the March 2026 quarter.

Financial Performance Summary

The board approved the acquisition of commercial rights to software applications "Ready Shopping" and "Ready Pharmacy" from Onelife Capital Advisors Limited. Additionally, the company agreed to pay a strategic collaboration participation fee of 0.50% of Gross Revenue to Onelife Capital Advisors Limited on a quarterly basis. The board also approved taking on lease approximately 1,500 sq. ft. of premises at Wagle Estate, Thane, from Dealmoney Commodities Private Limited for a monthly rental of ₹5,000 and a refundable security deposit of ₹1,50,00,000.

In management changes, the board noted the resignation of Ms. Jyoti Darade as Company Secretary and Compliance Officer effective April 15, 2026, and appointed Ms. Anushree Tekriwal effective July 15, 2026. Ms. Khusbu Agrawal resigned as Independent Director, while Dr. Ranu Jain and Mr. Santosh Bhattacharjee were appointed as Non-Executive Independent Additional Directors for a term of one year effective July 15, 2026. Aadhar Agarwal & Co., Chartered Accountants, were appointed as Internal Auditors for FY 2026-27.