Concord Control Systems Ltd — Important, 14-10-2025: Company Update

Concord Control Systems has deepened its partnership with Progota India Private Limited, increasing its equity stake to 46.5%. This strategic move aims to accelerate the indigenous development and nationwide deployment of Kavach 4.0, India’s Automatic Train Protection solution. By combining Concord’s manufacturing with Progota’s R&D, the company strengthens its position in India’s railway safety modernization, aligning with the Atmanirbhar Bharat initiative. This expanded involvement is expected to drive safer rail transport and enhance long-term value for shareholders, leveraging significant market demand for Kavach systems across thousands of locomotives and track kilometers.