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Concord Control Systems LtdOthers, 11-08-2025: Others

11-08-2025 | 03:16 pm

Concord Control Systems' board has approved the preferential allotment of 24,681 equity shares. These shares were issued to a non-promoter allottee as consideration for acquiring a 10% stake in Advanced Rail Controls Private Limited. The shares allotted equate to a purchase consideration of Rs. 3.50 Crore. This transaction increases the company's paid-up capital from Rs. 6.30 Crore to Rs. 6.32 Crore, reflecting the integration of a minority holding in a firm relevant to its operations.

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