Continental Controls Ltd: Rights Issue of ₹19.66 Cr Approved

Continental Controls Ltd has announced the approval of its Letter of Offer for a Rights Issue of 1,96,68,019 fully paid-up Equity Shares at ₹10 each, aggregating up to ₹19.66 Crores. The issue will be conducted in a ratio of 16 Rights Equity Shares for every 5 Equity Shares held as of the record date, October 14, 2026. The company is submitting the Letter of Offer to SEBI and BSE Limited in compliance with regulatory requirements. This move aims to raise capital from existing shareholders.