Rights Issue Committee fixes October 14, 2026 as record date for 16-for-5 rights issue

Continental Controls Ltd has fixed October 14, 2026 as the record date to determine shareholders eligible for the rights issue entitlement.

Thu 8 Oct 2026

Record Date

October 14, 2026

Rights Issue Ratio

16 rights shares for every 5 shares held

Issue Size and Price

1,96,68,019 equity shares at Rs. 10.00 per share, aggregating Rs. 1966.80 Lakhs

What the Committee approved

The Rights Issue Committee of the Board of Directors met on October 08, 2026 and approved the terms of a rights issue, in continuation of the company's communications dated October 05, 2026.

• Type of securities: fully paid-up equity shares of face value Rs. 10/- each, called Rights 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 amount of Rs. 10.00/- is payable on application.
• Ratio: 16 (sixteen) Rights Equity Shares for every 5 (five) Equity Shares of Rs. 10/- each held by eligible shareholders on the record date, with the right to renounce.

The Members of the Right Issue Committee approved the proposal for raising funds of up to Rs. 1966.80 Lakhs by way of a rights issue of equity shares.

Record date and issue timeline

• Record date: October 14, 2026, for determining the equity shareholders entitled to receive the rights entitlement.
• 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, but not beyond 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.

How the share count changes

• 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.

Other decisions taken

• The Committee adopted the Letter of Offer to be shared with BSE Limited and the Securities and Exchange Board of India.
• The Letter of Offer will be dispatched to the eligible equity shareholders as on the record date in due course.
• Eligible equity shareholders are requested to ensure that renunciation through off-market transfer is completed so that the rights entitlements are credited to the demat account of the renouncee on or prior to the issue closing date.

In simple terms for a new investor

A rights issue gives existing shareholders the first chance to buy new shares of the company, in proportion to the shares they already hold, at a stated price. Here the price is Rs. 10.00 per share against a face value of Rs. 10/-.

• If you hold shares on the record date of October 14, 2026, you become eligible for the entitlement.
• For every 5 (five) shares you hold, you are entitled to apply for 16 (sixteen) rights shares.
• You can accept the offer, sell or renounce your entitlement, or let it lapse. The dates for on-market and off-market renunciation are 30/10/2026 and 04/11/2026 respectively.
• Because more shares are issued, the total number of shares rises from 61,46,256 to 2,58,14,275 assuming full subscription. Existing holders who apply for their full entitlement can maintain their proportionate stake; those who do not participate see their share of the company reduce.
• The money paid on application goes to the company, which the update describes as raising funds of up to Rs. 1966.80 Lakhs.

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