StockWatch
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Other Electrical Equipment
Rights Issue16 Jul 2026, 07:30 am

Continental Controls Approves Rights Issue, Acquires Software Rights

AI Summary

Continental Controls Ltd announced a board meeting on July 15, 2026, where several key decisions were made. The company approved a rights issue of equity shares to raise up to ₹50 Crores. Additionally, it will acquire commercial rights to two software applications, 'Ready Shopping' and 'Ready Pharmacy', from Onelife Capital Advisors Limited for a fixed license fee of ₹53,99,603 and a 0.50% royalty on gross revenue. The board also noted the resignation of Ms. Khusbu Agrawal as Independent Director and Ms. Jyoti Darade as Company Secretary, while appointing Ms. Anushree Tekriwal as the new Company Secretary and Dr. Ranu Jain as an Additional Director. The company also approved taking office premises on leave and license from Dealmoney Commodities Private Limited.

Key Highlights

  • Company to raise up to ₹50 Crores via rights issue.
  • Acquires commercial rights to 'Ready Shopping' and 'Ready Pharmacy' software.
  • Approves royalty payment of 0.50% of gross revenue for software.
  • Notes resignation of Independent Director Ms. Khusbu Agrawal.
  • Appoints Ms. Anushree Tekriwal as Company Secretary.