Continental Controls Ltd

Price-movement clarification and governance update

• Company confirms compliance with SEBI LODR Regulation 30 and timely disclosures to the Exchange.
• Reiterates board approved on 15 July 2026 a rights issue plan up to ₹50 crore.
• Plan includes related party transactions, appointment of intermediaries, and changes in Directors and KMP.
• Recent price movement likely reflects market participants' reaction to disclosed information.
• No other unpublished price-sensitive information or imminent events exist.
• Trading window remains closed for Designated Persons; will reopen 48 hours after price-sensitive matters are made public.
• Company commits to disclose any further material developments promptly under Regulation 30.

Cessation of Independent Director

• Chetna Gupta, Independent Director, resigned effective 30 July 2026 for personal/unavoidable reasons.
• Chetna Gupta ceases Nomination and Remuneration Committee membership.
• Directorships held in listed entities: Associated Coaters Limited; Arc Insulation and Insulators Limited.
• Committee roles: Audit Committee member; Nomination & Remuneration Committee chair; Stakeholder Relationship Committee chair at Associated Coaters Limited.

Dematerialisation status

• Dematerialisation requests processed during the quarter; dematerialised securities listed on stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled after verification; depository named as registered owner within prescribed timelines.
• Securities dematerialised have been listed on the exchanges where the original securities are listed.

Meeting Details

• Date: 15 July 2026; via video conferencing/AV.

Key Agenda Items

• Consider standalone unaudited quarterly results for quarter ended 30 June 2026 with limited review.
• Consider rights issue of equity shares to eligible shareholders, subject to regulatory approvals.
• Transact incidental and ancillary matters related to the above.

Other Notes

• Trading window closes from July 1, 2026 for 48 hours after quarter ended June 2026 results.

Continental Controls Ltd: Trading Window closed from 1 July 2026 until expiry of 48 hours after the declaration of Un-Audited Financial Results for the quarter ended June 30, 2026.

Financial Performance

• Total income for FY26 was ₹23.02 crore, up from ₹18.81 crore in FY25
• Loss before tax was ₹11.73 lakh in FY26 versus profit of ₹7.65 lakh in FY25
• Net loss for FY26 was ₹12.70 lakh compared to net profit of ₹6.89 lakh in FY25
• Basic and diluted EPS for FY26 were negative ₹0.02 per share versus positive ₹0.21 in FY25
• Employee benefits expense increased to ₹13.78 crore in FY26 from ₹1.70 crore in FY25
• Other expenses rose to ₹20.97 crore in FY26 from ₹9.46 crore in FY25
• Finance costs and depreciation were negligible or zero in FY26
• Other income increased to ₹6.70 crore in Q4 FY26 from ₹1.35 crore in Q4 FY25

Balance Sheet and Cash Flow

• Total assets decreased to ₹2.12 crore as of March 31, 2026 from ₹2.23 crore in 2025
• Equity share capital remained ₹6.15 crore; other equity was negative ₹4.14 crore
• Current liabilities increased to ₹11.98 lakh in FY26 from ₹10.11 lakh in FY25
• Cash and cash equivalents rose sharply to ₹2.04 crore at FY26-end from ₹0.08 crore
• Net cash from operating activities was ₹2.04 crore in FY26 versus ₹0.15 crore in FY25
• No borrowings outstanding as of March 31, 2026
• No capex or investing cash flows reported in FY26

Audit and Compliance

• Statutory auditors issued unmodified opinion on FY26 standalone financial results
• Company faced ransomware attack on January 30, 2026; data reconstructed from records
• Reclassification of reimbursement payable to holding company corrected with no P&L impact
• Excess provision of earlier period expenses reversed as prior period income
• Unpresented cheque from related party remains unrealised as of audit date

Financial Results Approved

• Audited standalone financial results approved for quarter and year ended March 31, 2026
• Results include revenue, expenses, profit/loss, and comprehensive income
• Unmodified auditor opinion issued for the financial year ended March 31, 2026

Auditor Remarks

• Ransomware attack on January 30, 2026 caused data corruption; financials reconstructed
• Reclassification of reimbursement to holding company corrected from unsecured loan
• Excess provision of earlier expenses reversed as prior period income
• Unpresented cheque from related party remains unrealised as of audit date

Board Decisions

• Postal Ballot Notice dated April 15, 2026 approved for member resolutions
• Purva Sharegistry appointed as Registrar and Transfer Agent for e-voting
• E-voting period fixed from April 22 to May 21, 2026
• Cut-off date for voting eligibility fixed as April 17, 2026

Appointments and Resignations

• Mr. Abhishek Wagh appointed as Scrutinizer for Postal Ballot process
• Ms. Jyoti Darade resigned as Company Secretary and Compliance Officer effective April 15, 2026

Other Disclosures

• Standalone financial results prepared under Indian Accounting Standards
• Company operates in a single segment: IT & Advisory Services
• Balance sheet and cash flow statement approved as part of financial results