Concord Control Systems Limited has officially published its notice for a postal ballot seeking shareholder approval to migrate its equity shares from the Small and Medium Enterprise (SME) platform of the Bombay Stock Exchange (BSE) to the BSE Main Board, alongside pursuing a direct listing on the National Stock Exchange of India Limited (NSE). The newspaper advertisement was published in Business Standard on August 19, 2026, following the dispatch of the electronic notice to shareholders on August 18, 2026.

The move follows board approval granted during a meeting held on August 17, 2026, in Lucknow. The company, which completed three years of listing on the BSE SME platform on October 10, 2025, stated that the migration aims to enhance recognition, strengthen its brand image, and broaden investor participation. The paid-up equity share capital stands at ₹10.38 crore, comprising 1,03,83,404 equity shares with a face value of ₹10 each.

Key Approvals and Next Steps

The board approved several key resolutions subject to regulatory approvals and eligibility criteria:

• BSE Migration: Shifting the listing and trading of equity shares from the BSE SME platform to the BSE Main Board.
• NSE Listing: Applying for a direct listing of equity shares on the NSE Main Board.
• Shareholder Consent: Issuing a notice for a postal ballot to seek member approval for the migration.
• Scrutinizer Appointment: Appointing Mr. Amit Gupta, Managing Partner of Amit Gupta & Associate, as the scrutinizer for the postal ballot process.

Postal Ballot Details

Shareholders will vote via remote e-voting through Bigshare Services Private Limited. The voting window is open from August 21, 2026, to September 19, 2026. The company clarified that physical copies of the ballot forms are not being sent; voting is exclusively through the remote electronic mode as per Ministry of Corporate Affairs circulars.

The results of the postal ballot will be announced within two working days of the conclusion of the e-voting period. The resolutions require a special majority, where votes cast by non-promoter shareholders in favor must be at least twice the number of votes cast against by non-promoter shareholders.

Rationale for Listing Move

The company cited increasing business activities as a driver for the move. Listing on both nationwide exchanges is expected to provide enhanced visibility and liquidity. The explanatory statement noted that none of the directors or key managerial personnel have a financial interest in the resolution beyond their shareholdings in the company.

Concord Control Systems Limited was honoured with the Excellence in Railway Technology Award at the ET Now Business Conclave & Awards 2026 in Ahmedabad on June 18, 2026. The award recognises the company's contribution to advancing safer, smarter, and technology-driven railway operations. Shri. Rushikesh Ganeshbhai Patel, Minister of Energy and Petrochemicals, presented the award to Mr. Nitin Jain, Joint Managing Director, on behalf of the company.

The accolade highlights Concord's role in developing solutions that enhance the safety, reliability, and operational efficiency of railway systems. As Indian Railways transforms into a more connected and efficient network, the company has supported this transition through indigenous innovation and advanced engineering. Concord focuses on mission-critical railway solutions designed to meet modern operational demands.

Mr. Nitin Jain, Joint Managing Director, stated that the award reflects the hard work of the team and validates the company's growth direction. He emphasised that the recognition serves as a responsibility to continue innovating and setting higher standards for safety and reliability. The company aims to develop world-class railway technologies domestically, contributing to the future of mobility.

Concord has worked on innovative solutions such as battery and hydrogen-powered locomotives using indigenous technology. The company aims to make railways greener and less dependent on diesel by embedding intelligence and resilience into its products. Gaurav Lath, Joint Managing Director, added that the award strengthens the company's resolve to lead the next era of rail technology.

Concord Control Systems Limited is an RDSO-approved railway technology company engaged in the design, development, and manufacturing of embedded electronic systems. It provides advanced electrical and electronic systems for next-generation railway infrastructure, including control systems, train electronics, safety systems, and signaling-related electronics.