12-Oct-2026 23:11:48
CONTINENTAL CONTROLS : RIGHTS ISSUE WORTH RS 19.67 CR AT ₹10/SHARE
• Rights issue of up to 1,96,68,019 equity shares at ₹10/share, aggregating up to ₹19.67 Cr • Issue in ratio of 16 rights shares for every 5 fully paid-up shares held; record date October 14, 2026 • Issue opens October 23, 2026 and closes October 30, 2026; listing by November 4, 2026 • Net proceeds of ₹19.47 Cr to fund software purchase/product development including 3-year AMC and IT infra (₹15.60 Cr), plus general corporate purposes (₹3.87 Cr) • Company non-operational since promoter OCAL acquired control in March 2024; proposes to enter digital retail enablement via Ready Shopping and Ready Pharmacy software acquired from promoter • Promoter and promoter group intend to subscribe to full rights entitlement and may subscribe to unsubscribed portion Impact: Neutral (Rights issue funds new digital retail/software business but company remains non-operational with execution risks)
Continental Controls Ltd
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