Continental Controls Approves Rights Issue Up To ₹50 Crore

Continental Controls Ltd announced board approval for a Rights Issue of equity shares up to ₹50 crore, with a face value of ₹10 each, to eligible shareholders. The company also approved the formation of a Rights Issue Committee to manage the process. Additionally, the Board reviewed and approved the Unaudited Standalone Financial Results for Q1 FY27. Other key decisions include acquiring commercial rights for two software applications, 'Ready Shopping' and 'Ready Pharmacy', from Onelife Capital Advisors Limited for ₹53.99 lakh, and agreeing to a 0.50% gross revenue royalty fee. The company also appointed a new Registrar to the Issue, Banker to the Issue, Monitoring Agency, and Internal Auditor, and noted management changes including the resignation of the Company Secretary and the appointment of a new one, along with the appointment of an Independent Director and noting the resignation of another.