Continental Controls Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 12, 2007, inter alia, has transacted the following business : 1. Board has approved the Demerger of the Computer Software Division of the Company into Quest Softech (India) Pvt Ltd (in the process of being converted into public limited company). 2. The Appointed date being April 01, 2007 for the Scheme of Demerger. 3. Every shareholder holding two shares of the Company will be allocated one share in Quest Softech. The share capital of Quest Softech will be listed on the Bombay Stock Exchange. One share for every two shares held in the Company will be cancelled and thus the paid-up capital of the Company will be reduced by half. Continental Controls Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 14, 2008, inter alia, has transacted the following business: 1. Board has approved the Demerger of the Computer Software Division of the Company into Quest Softech (India) Pvt Ltd (in the process of being converted into public Ltd Company). 2. The Appointed date being April 01, 2008 for the Scheme of Demerger. 3. Every shareholder holding two shares in CCL will be allotted one share in Quest Softech (India) Pvt Ltd. The share capital of Quest Softech (India) Pvt Ltd will be listed on the Bombay Stock Exchange. One share for every two shares held in CCL will be cancelled and thus the paid_up capital of CCL will be reduced by hlf. (As per BSE Announcement Website dated on 17/03/2008) Continental Controls Ltd has informed BSE that as directed by the High Court Judicature, Bombay, the meeting of the Equity shareholders of the Company has been held on May 24, 2008 to consider, and if deemed fit, to approve with or without modification of the scheme of arrangement for the demerger of software division of Continental Controls Ltd into Quest Softech (India) Ltd and scheme has been approved unanimously by the shareholders present there at. (As Per BSE Announcement Website Dated on 26.05.2008) Continental Controls Ltd has informed BSE that the Honorable High Court of Bombay has vide its order dated September 05, 2008 approved the Scheme of Arrangement between Continental Controls Ltd (CCL) and Quest Softech India Ltd (QSIL). 'In terms of the Scheme of Arrangement approved by the Bombay High Court on September 05, 2008, the Software Services Undertaking of CCL is demerged into QSIL with effect from April 01, 2008. The holding of a shareholder in CCL will be reduced by half and an equal number of shares will be allotted in QSIL on the basis of a Record Date which will be fixed in consultation with the Stock Exchange. While the shares of CCL will continue to be listed, the entire Share Capital of QSIL including its existing share capital will be listed on the BSE for which an in principle approval from BSE is obtained vide its letter dated March 27, 2008.' (As per BSE Announcement dated on 09/09/2008) SUB. :- Scheme of Arrangement of Continental Controls Ltd. (Scrip Code 531460) Trading members of the Exchange are hereby informed that, Continental Controls Ltd. has fixed the Record Date pursuant to the Scheme of Arrangement of the company. Trading members are advised not to deal in the equity shares of the company with effect from the under mentioned date COMPANY NAME CODE Continental Controls Ltd. (531460) RECORD DATE 03/07/2009 PURPOSE Scheme of Arrangement: - 1) Demerger & transfer of the Software Services Division Undertaking of Continental Controls Ltd. to Quest Softech (India) Ltd. Upon coming into effect of the Scheme and in consideration of the Demerger: Quest Softech (India) Ltd. will issue and allot in the ratio of 1 (ONE) Equity Share of Rs.10/- each credited as fully paid up of Quest Softech (India) Ltd. for every 2 (TWO) Equity Shares of Rs.10/- each held in Continental Controls Ltd. 2) Capital Reduction: The Subscribed and Paid up Share Capital of Continental Controls Ltd. consisting of Rs.8,84,25,120/- divided into 88,42,512 equity shares of Rs.10/- each fully paid up shall, upon the Scheme coming into effect stand at Rs.4,42,12,560/- divided into 44,21,256 Equity Shares of Rs.10/- each fully paid up by cancellation of paid-up Share Capital to the extent of Rs.4,42,12,560/- Consequent to such reduction the shares held by the shareholders shall stand cancelled and new shares shall be issued in the ratio of 1 (ONE) fully paid up equity share of Rs.10/- each of Continental Controls Ltd. for every 2 (TWO) fully paid up Equity Shares of Rs.10/- each held in Continental Controls Ltd.. NO DEALINGS FROM 25/06/2009 DR-058/2009- 2010 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 19.06.2009) Trading members of the Exchange are hereby informed that the under mentioned securities of Continental Controls Limited are listed and permitted for trading on the Exchange with effect from Thursday, October 22, 2009. Name of the Company: Continental Controls Limited Registered Office: Siddharth Ind. Estate No.2 Gala No.1, Shailesh Udyog Nagar, Opp. Nicholas Garage, Sativali Road, Waliv, Vasai (East), Mumbai - 401 208. Tel. Nos. 0250 - 2456945/46 Fax No. 0250 - 2454956 Email: nkmarts@vsnl.com Web: www.newkrishna.com Securities: 44,21,256 Equity shares of Rs.10/- each fully paid-up issued pursuant to the scheme of arrangement of the company Distinctive numbers: 1 to 4421256 Scrip Code: 531460 Group: T Market Lot: 1 Face Value & Paid up value: Rs.10/- each fully paid Scrip ID on BOLT System: CONTICON Abbreviated name on BOLT System: CONTINE CONT ISIN No.: INE545B01022 2. The brief particulars of the scheme of arrangement are as mentioned below: a) The scheme of arrangement of the Company was approved by the Hon'ble High Court of Bombay, vide its order dated September 05, 2009 b) Effective Date: September 26, 2009 c) Date of Allotment: July 6, 2009 d) The issued, subscribed and paid-up equity capital of the company before the scheme of arrangement was Rs.884.25 lacs consisting of 88,42,512 equity shares of face value of Rs.10/- each fully paid up. e) Pursuant to the scheme the Software Services Division of the Company demerged and vested into Quest Softech (India) Limited (Quest) and in consideration thereof Quest has issued 1 (One) equity share of Rs.10/- each for every 2 (Two) equity shares of Rs.10/- each held in Continental Controls Limited (CCL). f) Further, post demerger, the existing paid-up capital of CCL stand reduced by 50%. Consequently the company has issued 1 (One) new equity share of Rs.10/-each against 2 (Two) existing equity shares of Rs.10/- each held in CCL. g) The issued, subscribed and paid-up capital of the company post arrangement comes to Rs.442.12 lacs consisting of 44,21,256 equity shares of face value of Rs.10/- each . 3. As per Exchange Notice No 20090519-18 dated June 19, 2009 the company has fixed the 'Record date' as July 3, 2009 for giving effect to the scheme of arrangement and accordingly dealing in the abovementioned securities of the company was stopped with effect from June 25, 2009. 4. Trading members may also note that in respect of shares held in physical form, the company has issued new certificates without surrender of the old equity shares certificates of the company and accordingly the share certificates in relation to old shares stand cancelled and cease to be tradable. 5. Trading members of the Exchange are informed that the Equity Share certificates in physical form bearing the undermentioned distinctive numbers of the company as stated alongside shall be good/bad delivery in the market. Name of the company appearing on the share certificate 1. Continental Controls Limited 2. Continental Controls Limited Distinctive Numbers 1. 1 - 8842512 2. 1 - 4421256 Date of Issue 1. Before Record date 2. After Record date Good/Bad Delivery 1. Bad 2. Good Hence, trading members should take due care and abundant caution while dealing/receiving /delivering these shares of the company from/to the market. 6. The share transfer documents should be sent to the registrar & share transfer agents of the company at the address mentioned below: Purva Sharegistry (India) Pvt. Ltd. (Unit: Continental Controls Limited) 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Opp. Kasturba Hospital, Lower Parel (East), Mumbai - 400 011. Tel Nos: 022 - 2301 8261/ 6761 Fax Nos: 022 - 2301 2517 (As Per BSE Notice dated on 20.10.2009)