Continental Controls Limited has announced a rights issue of up to 1,96,68,019 fully paid-up equity shares at an issue price of ₹10 per share. The issue opens for subscription on Friday, October 23, 2026, and closes on Friday, October 30, 2026.

The company is offering the shares to existing equity shareholders in the ratio of 16 rights equity shares for every 5 fully paid-up equity shares held on the record date of October 14, 2026. The total size of the issue aggregates up to ₹196.68 lakh, assuming full subscription. The issue price is equal to the face value of the equity shares.

Issue Schedule and Key Dates

The rights entitlements have been credited to the demat accounts of eligible equity shareholders under ISIN INE545B20014 on or about October 19, 2026. Shareholders must apply through the ASBA (Application Supported by Blocked Amount) process.

Subscription Process and Renunciation

Eligible equity shareholders can subscribe to their full entitlement or renounce their rights entitlements in full or in part. Renunciation can be done via on-market transfer through stock exchange platforms or off-market transfer. However, rights entitlements that are neither renounced nor subscribed to by the issue closing date will lapse and be extinguished.

The promoters, One Life Capital Advisors Limited, have confirmed they will not renounce their respective rights entitlements in favor of any specific investor. Additionally, the company will not allot any under-subscribed portion of the issue to specific investors identified by the company.

Important Compliance Notes

Applications must be made mandatorily through the ASBA process. Investors are advised that credit of rights entitlements in demat accounts does not automatically entitle them to the rights equity shares; a formal application with full payment must be submitted before the closing date. For shareholders whose entitlements are credited to the Demat Suspense Account due to administrative reasons, relevant documents must be submitted to the Registrar or Company two clear working days prior to the issue closing date to enable transfer and application.

Continental Controls Limited has submitted its final Letter of Offer to BSE Limited for a rights issue of ₹19.66 crore. The company will issue 1,96,68,019 equity shares at ₹10 per share to eligible shareholders.

The Rights Issue Committee approved the proposal on October 8, 2026, setting October 14, 2026 as the record date. The issuance involves fully paid-up equity shares with a face value of ₹10 each. The subscription period is scheduled to open on October 23, 2026, and close on October 30, 2026.

Issue Structure and Entitlements

The company will issue 16 rights equity shares for every 5 equity shares held by eligible shareholders as on the record date. The total number of outstanding equity shares is expected to rise from 61,46,256 to 2,58,14,275 upon full subscription.

Key Dates and Timeline

The updated schedule from the Letter of Offer indicates the issue opens earlier than previously anticipated in preliminary announcements. Shareholders may renounce their rights entitlements through on-market or off-market transfers within specified windows.

• Last Date for Credit of Rights Entitlements: October 19, 2026
• Issue Opening Date: October 23, 2026
• Last Date for On-Market Renunciation: October 26, 2026
• Issue Closing Date: October 30, 2026
• Date of Allotment: November 2, 2026
• Date of Listing: November 4, 2026

The Board retains the right to extend the issue period by up to 30 days from the opening date if deemed necessary. No withdrawal of applications will be permitted after the closing date.

Use of Proceeds

The net proceeds from the issue, estimated at ₹1947.13 lakh after deducting issue expenses of ₹19.67 lakh, are earmarked for specific corporate purposes. Approximately ₹1559.97 lakh (80% of net proceeds) is allocated towards the purchase, enhancement, and product development of software, including Annual Maintenance Charges for three years, and IT infrastructure. The remaining ₹387.16 lakh is designated for general corporate purposes.

The company intends to acquire software licenses and develop modules for digital retail enablement and commerce infrastructure, including inventory management, integrated shopping and pharmacy modules, and mobile applications for vendors and customers.

What the Numbers Show

The proposed rights issue represents a significant expansion of the company's equity base. The number of shares issued (1.96 crore) is approximately 3.2 times the current outstanding share count (61.46 lakh). This dilutive action aims to raise capital equivalent to roughly 32% of the current market capitalization implied by the face value, assuming the share price aligns with the issue price.

Furthermore, the allocation of over 80% of net proceeds to technology infrastructure signals a strategic pivot towards becoming an operational entity in the digital commerce sector, moving away from its previous non-operational status since the promoter acquisition in March 2024.