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

The Rights Issue Committee of the Board met on October 08, 2026 and approved a rights issue of fully paid-up equity shares.

Thu 8 Oct 2026

Issue Size

1,96,68,019 Rights Equity Shares for an amount aggregating to Rs. 1966.80 Lakhs

Issue Price

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

Entitlement Ratio

16 Rights Equity Shares for every 5 equity shares held on the record date

The Rights Issue Committee of the Board of Continental Controls Limited met on October 08, 2026 and approved the terms of a rights issue of fully paid-up equity shares. The Committee also adopted the Letter of Offer, which is to be shared with BSE Limited and the Securities and Exchange Board of India and dispatched to eligible equity shareholders as on the record date in due course.

Terms approved

• Type of securities: fully paid-up equity shares of face value Rs.10/- each, offered as a rights issue of fully paid-up equity shares
• Size: 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 issue price of Rs. 10.00 is payable on application
• Entitlement ratio: 16 Rights Equity Shares for every 5 equity shares held on the record date, with the right to renounce

Key dates

• Record date for determining eligible equity shareholders: October 14, 2026
• Rights Issue opening date: 29/10/2026
• Last date of on-market renunciation: 30/10/2026
• Last date of off-market renunciation: 04/11/2026
• Rights Issue closing date: 5/11/2026. The Board or a duly authorised committee has the right to extend the issue period, not exceeding 30 (thirty) days from the issue opening date, inclusive of the opening date
• No withdrawal of application is permitted by any applicant after the issue closing date

Share count before and after

• Outstanding equity shares before the rights issue: 61,46,256 Equity Shares of Rs.10/- each
• Outstanding equity shares after the rights issue, assuming full subscription: 2,58,14,275 Equity Shares of Rs.10/- each

What a rights issue means for a holder

A rights issue offers existing eligible shareholders the right to buy new shares in proportion to the shares they already hold, at a stated price, before the shares are offered to anyone else. Here the entitlement is 16 new shares for every 5 shares held on the record date. A holder who does not wish to subscribe can renounce the entitlement, through on-market renunciation up to 30/10/2026 or off-market renunciation up to 04/11/2026. For off-market renunciation, shareholders are asked to ensure the transfer is completed so that the entitlements are credited to the renouncee's demat account on or prior to the issue closing date.

If an eligible shareholder neither subscribes nor renounces, the total number of equity shares would rise from 61,46,256 to 2,58,14,275 assuming full subscription, so that holder's share of the total equity would come down.

What to watch

• The terms above are stated on the basis of full subscription; the actual amount raised would depend on how many eligible shareholders subscribe
• The Letter of Offer, once dispatched, carries the application details and the process for applying or renouncing
• Communications with the exchange dated October 05, 2026 precede this update

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