Concord Control Systems shareholders approve preferential equity share allotments

Concord Control Systems Limited concluded its 2nd Extra-Ordinary General Meeting (EGM) for FY 2025-26 today, December 20, 2025, approving two key proposals for preferential allotment of equity shares. The meeting, held via Video Conferencing/Other Audio-Visual Means, commenced at 12:30 P.M. and concluded at 12:37 P.M.

Shareholders approved the issuance of 238,500 equity shares to the public (non-promoter) category. The allottees for this issuance include Sageone-Flagship Growth OE Fund, Sanshi Fund-1, and Mr. Ashish Rameshchandra Kacholia.

Additionally, the company secured approval for a separate issuance of 24,662 equity shares, also to the public (non-promoter) category, with Mr. Krishna Kumar Agarwal identified as the proposed allottee. Both resolutions for the equity share issuances were classified as Special Resolutions.