Rights issue committee meeting on 08 October 2026 to consider issue price, ratio, record date

Continental Controls has scheduled a meeting of its Right Issue Committee on Thursday, 08 October 2026.

Mon 5 Oct 2026

Committee Meeting Date

Thursday, 08 October 2026

Rights Issue Size

aggregating up to Rs. 50 Crores

Face Value per Share

Rs. 10/- each

Committee meeting called

• The Right Issue Committee of the company is scheduled to meet on Thursday, 08 October 2026.
• The meeting will be held through video conferencing or other audio-visual means.

What the committee will decide

• Issue Price, that is the price at which the new shares will be offered.
• Entitlement Ratio, that is how many new shares a shareholder is entitled to for the shares already held.
• Record date, the cut-off date on which a shareholder must hold the shares to be eligible.
• Issue open and closure dates, the window during which the offer can be applied for.
• Other modalities related to the rights issue and other incidental and ancillary matters.

Background from the update

The Board Meeting held on 15 July 2026 approved the proposal for issuance of fully paid-up equity shares of face value of Rs. 10/- each, aggregating up to Rs. 50 Crores. The committee, at the forthcoming meeting, will consider the final terms and modalities of that rights issue.

How a rights issue works

• A company offers new shares to its existing shareholders, generally in proportion to the shares they already hold.
• The price at which these new shares are offered and the proportion in which they are offered are the two key terms, and both are on the agenda of this meeting.
• A shareholder who does not subscribe to the entitlement may end up holding a smaller percentage of the company than before.

Trading window

• The trading window for dealing in the securities of the company shall remain closed till 48 hours after the conclusion of the Right Issue Committee Meeting, under the company's code of conduct for designated persons.

What shareholders can look at once the terms are out

• The Issue Price, to compare with the price at which they already hold the shares.
• The Entitlement Ratio, to work out how many new shares they can apply for and the total amount payable.
• The Record date, to know whether they qualify to receive the rights entitlement.

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