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.

Continental Controls Limited announced its audited financial results for the quarter and year ended March 31, 2026, revealing challenging financial performance. The company reported a net loss of ₹12.70 lakhs for FY26, marking a significant decline from the profit of ₹6.89 lakhs achieved in the previous financial year.

Financial Performance Overview

The company's financial results showed mixed trends across key metrics. While total income increased to ₹23.02 lakhs in FY26 from ₹18.81 lakhs in FY25, this growth was entirely driven by other income as the company reported no revenue from operations.

Quarterly Results Analysis

The fourth quarter of FY26 showed continued losses, with the company reporting a net loss of ₹3.64 lakhs compared to a loss of ₹0.96 lakhs in Q4 FY25. Other income for the quarter stood at ₹6.70 lakhs, while total expenses reached ₹10.13 lakhs.

Balance Sheet Position

The company's balance sheet reflected changes in its financial position as of March 31, 2026. Total assets decreased to ₹212.23 lakhs from ₹223.06 lakhs in the previous year. Cash and cash equivalents showed a significant improvement, rising to ₹204.10 lakhs from ₹0.08 lakhs, while other financial assets decreased substantially.

Regulatory Filing and Board Decisions

The company filed its integrated financial results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting held on April 15, 2026, approved the audited financial results and addressed several important matters including approval of postal ballot notice and appointment of Purva Sharegistry (India) Private Limited as Registrar and Transfer Agent for e-voting facilities.

Leadership Changes and Operational Challenges

Ms. Jyoti Darade resigned from her position as Company Secretary and Compliance Officer, effective from the close of business hours on April 15, 2026, citing the decision to pursue career opportunities outside the company. The company faced significant operational challenges during the year, including a ransomware attack on January 30, 2026, which resulted in corruption of certain data. Financial information was reconstructed based on available records, and necessary controls were implemented following this incident.

Auditor's Opinion

Rafik and Associates, Chartered Accountants, issued an unmodified audit opinion on the financial results while highlighting several matters in their emphasis section, including the ransomware attack impact, reclassification of certain expenses, and an unpresented cheque from related party Sarsan Securities Private Limited dated March 31, 2026.