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.

Continental Controls Limited has announced the resignation of Ms. Jyoti Darade from her position as Company Secretary and Compliance Officer, effective April 15, 2026. The resignation marks a significant change in the company's key managerial personnel structure.

Resignation Details

Ms. Jyoti Darade (ACS70171) tendered her resignation from the position of Company Secretary and Compliance Officer through a formal resignation letter dated April 15, 2026. In her resignation letter, she stated her intention to pursue career opportunities outside the company.

Board Acceptance

The Board of Directors of Continental Controls Limited convened a meeting on April 15, 2026, where they formally accepted Ms. Darade's resignation and recorded the same in their proceedings. The board granted her relief from all responsibilities associated with her position effective from the close of business hours on April 15, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and No. SEBI/HO/CFD/CFDPoD2/CIR/P/2024/185 dated December 31, 2024.

Company Information

Continental Controls Limited, incorporated under CIN L66110MH1995PLC086040, operates from its registered office located at Plot No A 356/357, Road No 26, Wagle Industrial Estate, MIDC, Thane (West) - 400604, Maharashtra, India. The resignation notification was signed by Rajnish Pandey, Whole Time Director (DIN: 0109511), on behalf of the company.

The resignation represents a routine corporate governance matter, with the company ensuring full compliance with all applicable regulatory requirements and disclosure norms.