Concord Control Systems Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, updating key details regarding fund utilization and strategic acquisitions. The corrigendum, dated December 16, 2025, pertains to the EGM originally scheduled for December 20, 2025, at 12:30 PM through video conferencing.

Revised Fund Utilization Framework

The company has updated its fund allocation strategy for the preferential issue proceeds, with a total estimated amount of ₹50.09 crores distributed across multiple strategic objectives.

The fund utilization encompasses several key areas including meeting working capital requirements, business acquisitions, investments in subsidiaries, and providing loans to subsidiaries and associates in compliance with applicable provisions of the Companies Act, 2013.

Strategic Acquisition Through Share Swap

The corrigendum details a significant strategic move involving the acquisition of Progota India Private Limited shares. The company plans to issue 24,662 fully paid-up equity shares of ₹10 each, valued at ₹5.18 crores, to acquire 17,691 equity shares of Progota through a share swap arrangement.

Strategic Rationale and Market Positioning

The acquisition of increased stake in Progota India Private Limited represents a strategic and synergistic combination. The move aims to combine Concord's manufacturing and system-integration strengths with Progota's research and development capabilities. This strategic alignment positions the company to play a pivotal role in India's transition towards safer, smarter, and zero-emission rail transport systems.

The enhanced shareholding is expected to unlock multi-year growth opportunities and strengthen Concord's intellectual property base. The acquisition will drive sustainable long-term value creation for shareholders through deeper participation in India's rail safety and control systems market, expanding the company's presence in high-value technology domains including:

• Train automation systems
• Digital signalling technology
• Propulsion electronics

Compliance and Documentation

The corrigendum forms an integral part of the original EGM notice dated November 27, 2025, and should be read in conjunction with it. All other contents, terms, and conditions of the original EGM notice remain unchanged. The updated documentation is available on the company's website at www.concordgroup.in and on the websites of stock exchanges where the company's shares are listed.

The company will provide loans in due compliance with applicable provisions, including sections 179, 185, and 186 of the Companies Act, 2013. For business acquisitions and investments, the company will make necessary disclosures when triggers under Regulation 30 and Schedule III of SEBI LODR Regulations are activated.

Concord Control Systems Limited , an industrial controls company, has reported a significant change in its promoter shareholding. According to a recent disclosure, two of the company's promoters have reduced their stake through open market transactions.

Key Details of the Transaction

Impact on Shareholding Structure

The sale has resulted in a notable change in the company's promoter group shareholding:

This transaction marks a reduction of 1.22 percentage points in the promoter group's stake in Concord Control Systems Limited.

Company Background

Concord Control Systems Limited operates in the industrial controls sector. The company's shares are listed on the stock exchange.

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation requires prompt disclosure of significant changes in shareholding to ensure transparency in the market.

While the reasons for the sale have not been disclosed, such transactions by promoters often attract investor attention as they may be perceived as a signal about the company's future prospects or the promoters' confidence in the business.

Investors and market analysts will likely monitor any further changes in the promoter shareholding pattern of Concord Control Systems Limited, as well as the company's performance in the coming quarters, to gauge the potential impact of this transaction on the company's future direction and market perception.