The Board of Directors of the Company, at their meeting held today, have inter alia approved the audited Standalone Financial Results of the company for the quarter and year ended March ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Continental Controls Limited's board, meeting on May 28, 2025, approved its audited standalone financial results for the quarter and full year ended March 31, 2025. The company has not carried on any business during the year, following the earlier sale of its Thermal Overload Protector business to Shree Krishna Controls Pvt Ltd in 2023. Revenue from operations fell sharply from Rs 18.81 lakh in FY24 to about Rs 1.35 lakh in FY25, and the company continued to post a loss with negative other equity of around Rs 401.68 lakh. Statutory auditor M/s. D. Kothary & Co. issued an unmodified opinion on the results but flagged an emphasis of matter, while operating cash flow remained negative at Rs (4.14) lakh.
Shareholders should note that the company is now effectively a non-operating entity with no active business, ongoing losses, negative net worth (other equity), and negative operating cash flow, which raises questions about its future direction despite a clean audit opinion.