Board approves Rs 50 Cr rights issue, director and CS resignations
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Continental Controls board approved a rights issue of up to Rs 50 Crore (equity shares at Rs 10 face value) to existing shareholders. Also approved Q1 FY27 standalone unaudited results. Acquired commercial rights to two software apps from Onelife Capital Advisors for about Rs 54 lakh plus 0.50% revenue royalty. Company Secretary Jyoti Darade resigned (effective April 15), replaced by Anushree Tekriwal. Independent Director Khusbu Agrawal resigned citing personal reasons. Two new independent directors appointed - Dr. Ranu Jain and Santosh Bhattacharjee.
Rights issue up to Rs 50 Cr may dilute existing shareholders; watch for record date. Multiple board changes signal a governance reshuffle.