Concord Control Systems Ltd — Others, 03-06-2025: AGM/EGM

Concord Control Systems Limited has announced a board meeting to approve the issuance of up to 24,681 equity shares at INR 1,418.08 each on a preferential basis to Mr. Velukutty Sadasivan, a non-promoter individual. This share issuance is a consideration other than cash to acquire the remaining 10% equity stake (3,06,400 shares) in its subsidiary, Advanced Rail Controls Private Limited (ARC), increasing its holding from 90% to 100%. The total transaction value is INR 3.5 crore, based on independent valuation and pricing certificates. The shares will be listed on BSE and subject to a six-month lock-in post allotment. There will be no change in the company's control post-transaction.