Continental Controls Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging performance with the company reporting a net loss. The Board of Directors meeting held on January 16, 2026, addressed both financial results and significant governance matters including multiple director reappointments under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's financial performance showed a notable decline during the third quarter. Continental Controls reported a net loss of ₹8.30 lakhs compared to a profit of ₹3.07 lakhs in the corresponding quarter of the previous year.

The nine-month performance also reflected similar challenges, with the company recording a net loss of ₹9.06 lakhs for the period ended December 31, 2025, compared to a profit of ₹7.85 lakhs in the corresponding nine-month period of the previous year.

Quarterly Performance Analysis

The quarterly results demonstrate the company's operational challenges with sequential deterioration in performance. The second quarter showed a loss of ₹1.53 lakhs, which further widened to ₹8.30 lakhs in the third quarter.

Expense Analysis and Income Sources

The company's total expenses increased significantly to ₹12.24 lakhs in Q3FY26 from ₹3.47 lakhs in Q3FY25. Employee benefits expense constituted ₹4.13 lakhs while other expenses accounted for ₹8.12 lakhs during the quarter. The company's revenue continues to come entirely from other income, with no operational revenue reported, reflecting its focus on advisory services.

Board Decisions and Leadership Changes

The Board approved several key reappointments during the meeting. Rajnish Kumar Pandey was reappointed as Executive Whole-Time Director for a five-year term from April 12, 2026, to April 11, 2031. The company also approved the reappointment of three Independent Directors for second terms of five years each, commencing February 5, 2026.

Postal Ballot and Governance Process

The company initiated a postal ballot process to seek shareholder approval for the director reappointments. Key details of the voting process include the appointment of Abhishek Wagh & Associates as scrutinizer and Purva Sharegistry (India) Private Limited as the registrar for e-voting facilities. The e-voting period is scheduled from January 20, 2026, at 9:00 AM to February 18, 2026, at 5:00 PM, with January 16, 2026, set as the cut-off date for determining eligible voters.

Company Operations and Segment Focus

Continental Controls operates exclusively in the advisory services segment, with no revenue from operations reported during the quarter. The company maintains its registered office at Wagle Industrial Estate, MIDC, Thane West, Maharashtra, and continues to focus on its core advisory business model while managing operational expenses and governance requirements. The paid-up equity share capital remains unchanged at ₹614.63 lakhs with a face value of ₹10 per share.

Continental Controls Limited has issued a clarification to BSE Limited regarding the resignation of its Whole Time Director & CFO, following regulatory requirements under SEBI disclosure norms. The company provided additional details about the departure of a key executive position that occurred earlier in the year.

Regulatory Clarification Details

The clarification was issued on December 30, 2025, in response to BSE's email dated December 24, 2025, which sought additional details regarding a corporate announcement filed on April 12, 2025. The exchange had identified discrepancies in the original disclosure that required rectification under Regulation 30 of SEBI (LODR) Regulations, 2015.

Disclosure Error and Correction

Continental Controls acknowledged that due to an inadvertent and unintentional error during the filing of the original corporate announcement, the resignation letter did not specify the reason for Mr. Thakkar's departure. The company has now clarified that the resignation was tendered due to personal reasons.

The company provided comprehensive details as required under SEBI regulations, including:

• Complete disclosure pursuant to Regulation 30 requirements
• Reference to SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• Original resignation letter as supporting documentation

Regulatory Compliance

The clarification demonstrates the company's commitment to maintaining transparency and regulatory compliance. Company Secretary & Compliance Officer Jyoti Darade (ACS 70171) signed the disclosure, ensuring proper documentation and submission to the stock exchange.

The resignation was received and accepted by the Board at its meeting held on April 12, 2025, indicating that proper corporate governance procedures were followed during the transition process.