Concord Control Systems Ltd — Important, 28-05-2026: Company Update

Concord Control Systems has filed an update on the utilization of funds from its preferential issue of equity shares. The company raised 50.09 Cr through this issue. Its Audit Committee reviewed the fund usage and confirmed there was no deviation from the original stated purposes. The committee also verified that the company has completely utilized these funds, providing shareholders assurance that the capital raised is being deployed as intended.