Continental Controls Reports Q1 FY26 Results Amid Key Management Changes
Continental Controls Limited (CCL) announced Q1 FY26 results with a net loss of Rs. 58.00 lacs, compared to Rs. 19.00 lacs loss in Q4 FY25. Total income decreased to Rs. 64.00 lacs from Rs. 135.00 lacs, with zero operational revenue. Ms. Jyoti Darade appointed as new Company Secretary, replacing Ms. Anushree Tekriwal. Statutory Auditor M/s. D Kothary & Co. resigned effective August 6, 2025.
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Continental Controls Limited (CCL) has announced its unaudited financial results for the first quarter of fiscal year 2026, along with significant changes in its management and auditor positions. The company's board meeting, held on August 6, 2025, revealed a challenging quarter financially and several key organizational shifts.
Financial Performance
For the quarter ended June 30, 2025, Continental Controls reported:
| Particulars | Q1 FY26 (Rs. in lacs) | Q4 FY25 (Rs. in lacs) |
|---|---|---|
| Revenue from operations | 0.00 | 0.00 |
| Other income | 64.00 | 135.00 |
| Total income | 64.00 | 135.00 |
| Total expenses | 122.00 | 154.00 |
| Net loss | (58.00) | (19.00) |
The company's total income decreased significantly from Rs. 135.00 lacs in the previous quarter to Rs. 64.00 lacs in Q1 FY26. Notably, the entire revenue came from other income sources, as operational revenue remained at zero. The quarter ended with a net loss of Rs. 58.00 lacs, compared to a loss of Rs. 19.00 lacs in the previous quarter.
Management Changes
CCL announced several key management changes:
New Company Secretary
Ms. Jyoti Darade (ACS 70171) has been appointed as the new Company Secretary and Compliance Officer, effective August 7, 2025. Ms. Darade is an Associate Member of the Institute of Company Secretaries of India and holds an LL.B. degree. She brings experience in Companies Act, SEBI Regulations, and other allied laws.
Resignation of Previous Company Secretary
Ms. Anushree Tekriwal has resigned from her position as Company Secretary and Compliance Officer, effective from the closing hours of August 6, 2025, citing personal reasons.
Auditor Resignation
In a significant development, M/s. D Kothary & Co., Chartered Accountants (FRN: 105335W), the company's Statutory Auditor, has resigned from their position effective August 6, 2025. The reasons for the resignation were mentioned in their resignation letter dated August 5, 2025, though specific details were not disclosed in the public announcement.
Limited Review Report
Despite their impending resignation, M/s. D Kothary & Co. completed the limited review of the quarterly results. Their report stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.
The board meeting, which commenced at 1:00 PM on August 6, 2025, concluded at 5:00 PM after addressing these significant matters. Continental Controls Limited faces challenges ahead, with zero operational revenue and increasing losses, coupled with key management and auditor changes. Stakeholders will be watching closely to see how these developments impact the company's future performance and governance.
Historical Stock Returns for Continental Controls
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +14.92% | +7.92% | -11.93% | -29.91% | +159.06% |
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