Rights Issue Committee approves issue of 1,96,68,019 shares at Rs. 10.00 each

Continental Controls' Rights Issue Committee approved a rights issue of 1,96,68,019 fully paid-up equity shares of face value Rs. 10 each, aggregating to Rs. 1966.80 Lakhs on full subscription.

Thu 8 Oct 2026

Issue Size

1,96,68,019 fully paid-up equity shares of face value Rs. 10 each, aggregating to Rs. 1966.80 Lakhs

Issue Price

Rs. 10.00 per Rights Equity Share, payable in full on application

Ratio and Key Dates

16 Rights Equity Shares for every 5 Equity Shares held; record date 14 Oct 2026; opens 29 Oct 2026, closes 5 Nov 2026

What the Committee approved

The Rights Issue Committee of the Board of Continental Controls Limited met on 8 October 2026 and approved the terms of a rights issue of fully paid-up equity shares. A rights issue gives existing shareholders the first right to buy new shares, usually in proportion to what they already hold.

• Type of securities: fully paid-up Equity Shares of face value Rs. 10/- each, called Rights Equity Shares.
• Total number: 1,96,68,019 Rights Equity Shares for an amount aggregating to Rs. 1966.80 Lakhs (assuming full subscription).
• Price: Rs. 10.00 per Rights Equity Share.
• Payment: the full amount of Rs. 10.00 is payable on application, not in instalments.

How much you are entitled to

The entitlement is fixed in proportion to your holding on the record date of October 14, 2026.

• Ratio: 16 (sixteen) Rights Equity Shares for every 5 (five) Equity Shares held.
• The entitlement carries the right to renounce, meaning an eligible shareholder can transfer the entitlement itself instead of subscribing.

How the share count changes

The update sets out the share capital position before and after the issue, assuming it is fully subscribed.

• Before the issue: 61,46,256 Equity Shares of Rs. 10/- each.
• After the issue: 2,58,14,275 Equity Shares of Rs. 10/- each.
• Because the number of shares rises, a shareholder who does not subscribe will hold a smaller percentage of the company after the issue than before it.

Key dates

The update sets out the following timetable.

• Record date for eligible shareholders: October 14, 2026.
• Issue opening date: 29/10/2026.
• Last date of on-market renunciation: 30/10/2026.
• Last date of off-market renunciation: 04/11/2026.
• Issue closing date: 5/11/2026.
• The Board or a duly authorised committee can extend the issue period, but not beyond 30 (thirty) days from the issue opening date, inclusive of that date. No withdrawal of application is permitted after the issue closing date.

The update also asks eligible shareholders to ensure that renunciation through off-market transfer is completed so that the rights entitlements reach the renouncee's demat account on or before the issue closing date.

What happens next

The Committee adopted the Letter of Offer to be shared with BSE Limited and the Securities and Exchange Board of India. That document is to be dispatched to the eligible equity shareholders as on the record date in due course. The Letter of Offer is the document that carries the full application form and instructions on how to apply or renounce.

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