The Board of Directors have approved the Audited Financial Statements for the Quarter and Year ended March 31, 2025 along with Auditors Report.
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Continental Controls Limited reported FY25 total income of Rs 18.81 lakhs, up from Rs 8.45 lakhs in FY24, though this came entirely from interest income and not operations. The company swung to a profit after tax of Rs 6.89 lakhs compared to a loss of Rs 30.85 lakhs in the previous year, with EPS improving to Rs 0.11 from Rs (0.50). Crucially, the company has not carried on any business during FY25 after selling its Thermal Overload Protector business via a Business Transfer Agreement. The auditor issued an unmodified opinion with an emphasis of matter, while the balance sheet shows deeply negative other equity of Rs (401.68) lakhs and a near-zero cash balance of Rs 0.08 lakhs.
The company is effectively a non-operating shell post the BTA sale, with negligible cash and large accumulated losses. Shareholders should monitor for any new business plans, capital infusion, or further corporate actions as the going concern of the entity appears uncertain.