Concord Control Systems Ltd — Important, 11-10-2025: Company Update

Concord Control Systems' Board has approved increasing its equity stake in Progota India Private Limited from 26% to 46.50%. Progota specializes in developing Kavach 4.0, India’s next-generation Automatic Train Protection system for Indian Railways. This strategic acquisition synergizes Concord’s manufacturing prowess with Progota’s R&D capabilities, positioning Concord to lead in train automation and digital signalling. The move aims to unlock multi-year growth, strengthen Concord’s intellectual property, and drive long-term shareholder value through deeper participation in India’s rail modernization. Progota reported a turnover of ₹0.15 Cr in FY24 and ₹0.09 Cr in FY23, with NIL turnover in FY25 due to being in the development phase.