Continental Controls Limited announced a rights issue of 1,96,68,019 equity shares at ₹10 per share, aiming to raise up to ₹19.66 crore.

The Rights Issue Committee approved the proposal on October 8, 2026, setting October 14, 2026 as the record date to determine eligible shareholders. The issuance involves fully paid-up equity shares with a face value of ₹10 each.

Issue Structure and Entitlements

The company will issue 16 rights equity shares for every 5 equity shares held by eligible shareholders as on the record date. The total number of outstanding equity shares is expected to rise from 61,46,256 to 2,58,14,275 upon full subscription.

Key Dates and Timeline

The subscription period opens on October 29, 2026, and closes on November 5, 2026. Shareholders may renounce their rights entitlements through on-market or off-market transfers within specified windows.

• Issue Opening Date: October 29, 2026
• Last Date for On-Market Renunciation: October 30, 2026
• Last Date for Off-Market Renunciation: November 4, 2026
• Issue Closing Date: November 5, 2026

The Board retains the right to extend the issue period by up to 30 days from the opening date if deemed necessary. No withdrawal of applications will be permitted after the closing date.

What the Numbers Show

The proposed rights issue represents a significant expansion of the company's equity base. The number of shares issued (1.96 crore) is approximately 3.2 times the current outstanding share count (61.46 lakh). This dilutive action aims to raise capital equivalent to roughly 32% of the current market capitalization implied by the face value, assuming the share price aligns with the issue price.

Continental Controls Limited held its 31st Annual General Meeting on September 28, 2026. All resolutions set out in the notice dated September 3, 2026, were passed by members with the requisite majority.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means at 3:00 pm (IST). The session commenced at 3:25 pm and concluded at 3:54 pm. Mr. Rajnish Kumar Pandey, Whole-Time Director, chaired the proceedings and welcomed the attendees.

Resolutions adopted

Members approved the audited financial statements for the financial year ended March 31, 2026, along with the Board of Directors' report and Statutory Auditors' report. The following appointments and re-appointments were also ratified:

Governance and compliance details

The company engaged Purva Sharegistry, RTA, as the authorized agency for e-voting facilities. Abhishek Wagh, a practising Company Secretary, served as the Scrutinizer for both remote e-voting and voting conducted during the meeting. Remote e-voting was open from September 25, 2026, to September 27, 2026.

Directors attending the meeting included Abhay Kumar Sethia, Dr. Ranu Jain, Rajnish Kumar Pandey, and Santosh Bhattacharjee. The Chief Financial Officer, Company Secretary, and representatives of the Statutory Auditors and Secretarial Auditor were also present. The Chairman informed members that consolidated voting results would be disseminated to BSE Limited and made available on the company website within two working days of the conclusion of the meeting.