Concord Control Systems allots bonus equity shares, boosts paid-up capital

Concord Control Systems Limited has announced the allotment of 3,795,089 fully paid-up bonus equity shares, each with a face value of INR 10. This allotment was approved at a board meeting held on Friday, October 17, 2025, and follows a special resolution passed by members on September 30, 2025. The bonus shares were distributed in a ratio of 3 new equity shares for every 5 existing fully paid-up equity shares to eligible members as of the record date, October 16, 2025.

This strategic move has led to a substantial increase in the company's paid-up capital. Previously, the paid-up capital stood at INR 63,251,530, comprising 6,325,153 equity shares. Following the bonus issue, the paid-up capital has risen to INR 101,202,420, representing 10,120,242 equity shares of INR 10 each. The newly allotted shares will rank pari passu with the existing equity shares of the company.

The board has authorized key personnel, including gaurav lath, joint managing director/CFO, nitin jain, joint managing director, and puja gupta, company secretary & compliance officer, to handle all necessary documentation and submissions to regulatory bodies.