Continental Controls Reports Q1 Results, Announces Key Leadership Changes
Continental Controls announced Q1 2025 financial results with a total income of Rs. 329.40 lacs, up from Rs. 62.00 lacs in Q1 2024, but reported a loss of Rs. 9.30 lacs. The company appointed Ms. Jyoti Darade as new Company Secretary and Compliance Officer, replacing Ms. Anushree Tekriwal. M/s. D Kothary & Co. resigned as Statutory Auditors. These changes were approved in a board meeting on August 6, 2025.
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Continental Controls , a player in the industrial control systems sector, has unveiled its unaudited financial results for the quarter ended June 30, 2025, alongside significant changes in its leadership structure.
Financial Performance
The company's financial results for Q1 2025 show:
| Particulars (Rs. in Lacs) | Q1 2025 (Unaudited) | Q1 2024 (Unaudited) | FY 2024 (Audited) |
|---|---|---|---|
| Revenue from operations | 323.00 | 0.00 | 0.00 |
| Other income | 6.40 | 62.00 | 188.10 |
| Total Income | 329.40 | 62.00 | 188.10 |
| Total Expenses | 338.70 | 27.70 | 111.50 |
| Profit before tax | -9.30 | 34.30 | 76.60 |
| Profit for the period | -9.30 | 34.30 | 68.80 |
The company's total income for Q1 2025 stood at Rs. 329.40 lacs, marking a significant increase from Rs. 62.00 lacs in the same quarter of the previous year. However, despite the revenue growth, Continental Controls reported a loss of Rs. 9.30 lacs for the quarter, compared to a profit of Rs. 34.30 lacs in Q1 2024.
Leadership Changes
In a series of significant leadership changes, Continental Controls has announced:
New Company Secretary: Ms. Jyoti Darade 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 (ACS - 70171) and holds an LLB degree. She brings experience in Companies Act, SEBI Regulations, and other allied laws to her new role.
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. The company cited personal reasons for her departure.
Change in Statutory Auditors: M/s. D Kothary & Co., Chartered Accountants (FRN: 105335W), have resigned from their position as Statutory Auditors of the company, effective August 6, 2025. The reasons for their resignation were mentioned in a letter dated August 5, 2025, though specific details were not disclosed in the public announcement.
Board Meeting Outcomes
The Board of Directors, in their meeting held on August 6, 2025, approved several key items:
- The unaudited financial results for the quarter ended June 30, 2025.
- The appointment of Ms. Jyoti Darade as Company Secretary and Compliance Officer.
- Acceptance of the resignation of M/s. D Kothary & Co. as Statutory Auditors.
- Acknowledgment of Ms. Anushree Tekriwal's resignation from her role.
These changes come at a time when the company is navigating through financial challenges, as evidenced by the Q1 2025 results. The impact of these leadership changes on Continental Controls' future performance and strategic direction remains to be seen.
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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