Concord Control Systems Ltd — Important, 29-10-2025: Company Update

Concord Control Systems Limited has acquired a 50% shareholding in Fusion Electronics Private Limited, making it an Associate Company. This strategic move propels Concord into the high-value Electronic Manufacturing Services sector, focusing on Flex PCB manufacturing—a niche product segment with high import dependency in India. Fusion, India's largest Flex PCB unit with over 31 years of legacy, holds a revenue potential of over ₹200 Cr annually at full capacity and 20%+ EBITDA margins. This acquisition is set to strengthen Concord's railway ecosystem presence and facilitate expansion into integrated electronics offerings, targeting facility commercialization before year-end and substantial capacity expansion over three years.