Concord Control Systems Ltd — Important, 13-10-2025: Company Update

Concord Control Systems has increased its stake in Progota India Private Limited to 46.5%. This strategic investment aims to accelerate the indigenous development and nationwide deployment of Kavach 4.0, India's Automatic Train Protection solution, aligning with the Atmanirbhar Bharat initiative. Progota specializes in railway automation and Kavach ATP systems, with rising demand from major railway zones. The move combines Concord's manufacturing strength with Progota's R&D, positioning them as key contributors to India's rail safety modernization. The market for Kavach sales is projected at ₹1,300-1,500 Cr annually through FY26-FY28, within a global ATP solutions market estimated above $15 billion in 2025. This enhances long-term value creation for shareholders.