Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015-Alteration to Memorandum of Association of Company
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Continental Controls Ltd has informed the stock exchanges that shareholders, via postal ballot on December 4, 2025, approved two changes to the company's Memorandum of Association. First, the Object Clause was altered through a special resolution, adding a new main object (Clause 6A) covering real estate development, construction, and online real estate marketplace services, plus 38 new incidental clauses (64 to 101) covering software/tech development, infrastructure, financial services, subsidiary creation, borrowing powers, and broad business activities. Second, through an ordinary resolution, the Authorised Share Capital was increased to INR 59.15 crore (Rs 59,15,00,000), divided into 5.915 crore equity shares of Rs 10 each. The existing Clause V of the MOA has been replaced to reflect this new capital structure.
This signals a major diversification of the company's permitted business activities — moving well beyond its original scope into real estate, technology, e-commerce, and financial/infrastructure services. The higher authorised capital gives the board room to issue fresh shares in the future to fund these new ventures, which could lead to dilution for existing shareholders if those shares are eventually issued.