Concord Control Systems to hold EGM for share issuance

Concord Control Systems will convene an EGM on Saturday, December 20, 2025, at 12:30 p.m. via video conferencing/other audio-visual means. The meeting's primary agenda includes a proposal to issue up to 238,500 equity shares for cash, valued at INR 500,850,000, at a price of INR 2,100 per share (including a premium of INR 2,090). These shares will be allotted on a preferential basis to non-promoter entities, including Sageone-Flagship Growth OE Fund, Sanshi Fund-1, and Ashish Rameshchandra Kacholia.

Additionally, the EGM will address the issuance of up to 24,662 equity shares, also priced at INR 2,100 per share, as non-cash consideration. This issuance, totaling INR 51,790,200, is for the acquisition of 17,691 equity shares of Progota India Private Limited from Krishan Kumar Agarwal, a non-promoter individual. These strategic moves are intended to meet working capital requirements, fund business acquisitions and investments in subsidiaries, and fulfill general corporate purposes.