Concord Control Systems Ltd — Important, 28-01-2026: Company Update

Concord Control Systems' Board approved a preferential allotment of 2,38,500 equity shares to non-promoter investors at an issue price of Rs. 2100 per share, raising 50.085 Cr. Additionally, the Board approved allotting 24,662 equity shares at the same price for 5.179 Cr. This second allotment is part of acquiring 17,691 shares of Progota India Private Limited. These actions collectively increase the company's paid-up capital from 10.12 Cr to 10.38 Cr, reflecting capital infusion and a strategic acquisition.