Concord Control Systems Limited has successfully obtained shareholder approval for its preferential equity share issues through the 2nd Extraordinary General Meeting (EGM) of FY2025-26 held on December 20, 2025. The resolutions were passed with unanimous support from participating shareholders.

EGM Voting Results

The company conducted remote e-voting from December 17-19, 2025, with the meeting held via video conferencing on December 20, 2025. The voting results demonstrate strong shareholder confidence:

Approved Preferential Issues

Shareholders unanimously approved two special resolutions for preferential equity share issuances:

Key Investors and Purpose

The preferential issues have attracted support from notable investors including Ashish Rameshchandra Kacholia (existing investor), Sanshi Fund group (existing investor), and SageOne Flagship Growth Open-Ended Fund (new investor). The proceeds are earmarked for strengthening the company's financial position and expanding operational capacity in the automation sector.

Regulatory Compliance

The EGM was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Amit Gupta of M/s. Amit Gupta Associates, Practicing Company Secretary, served as the appointed Scrutinizer for the voting process. Bigshare Services Pvt Limited provided the e-voting platform for the remote voting process.

Strategic Implications

The unanimous shareholder approval reflects strong confidence in the company's growth strategy in the automation sector. With regulatory approvals now secured from shareholders, the company can proceed with the capital raising exercise to fund its expansion plans and strengthen its market position in the electrical equipment and automation industry.

Concord Control Systems Limited 's wholly owned subsidiary, Advanced Rail Controls Private Limited, has secured a significant contract from Indian Railways. The order, valued at Rs. 19.17 crores, involves the supply, installation, and commissioning of Loco wireless control systems.

Contract Details

This domestic contract represents a notable business win for the railway technology company, highlighting its capabilities in providing advanced control systems for locomotives.

Company Background

Concord Control Systems Limited operates in the industrial technology sector. Advanced Rail Controls Private Limited, the subsidiary executing this project, specializes in rail control systems and technologies.

Strategic Implications

This order underscores the company's presence in the railway technology sector and its ability to secure substantial contracts from major clients like Indian Railways. The execution of this project within the stipulated 7-month timeframe could potentially strengthen the company's position in the railway infrastructure domain.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Concord Control Systems Limited has informed the BSE about this development. The company has confirmed that this contract does not fall under related party transactions and that no promoter or group companies have any interest in Indian Railways.

As the railway sector continues to modernize and upgrade its systems, companies like Concord Control Systems and its subsidiaries are contributing to advancements in railway technology.