Outcome of the Postal Ballot conducted by the Company for the resolutions enumerated in the Postal Ballot notice dated October 30, 2025 alongwith Voting Results and Scrutinizer''s Report
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Continental Controls Limited (BSE: 531460) conducted a Postal Ballot via remote e-voting from November 5 to December 4, 2025, on 7 resolutions, all of which were passed with the requisite majority. Resolutions 1 and 2 dealt with capital structure changes — increasing the authorized share capital and altering the objects clause of the Memorandum of Association — and received near-unanimous support, with promoters voting all their 15.09 lakh shares (100%) in favour. Resolutions 3 to 7 approved material related party transactions for FY2025-26 with five entities: Onelife Capital Advisors, Dealmoney Commodities, Dealmoney Real Estate, Dealmoney Distribution and E-Marketing, and Sarsan Securities, with promoters abstaining from these votes since they were interested parties. Public non-institutional participation was very low, with only about 82,882 shares (roughly 1.35% of total outstanding shares) polled on the RPT resolutions, and over 99.94% of those voted in favour.
Shareholders have cleared the way for an increase in authorized capital and a shift in the company's stated business objects, which could enable future fundraising or a change in business direction. The five related-party transactions approved for FY25-26 indicate ongoing material dealings with promoter-connected entities, which minority investors may want to monitor closely for fairness and arm's-length pricing.