Concord Control Systems Limited has announced securing a substantial order worth ₹53.73 crores from Indian Railways for KAVACH 4.0 equipment. The order has been awarded to Progota India Private Limited, an associate company of Concord Control Systems, marking a significant milestone in the railway safety technology segment.

Order Details and Specifications

The comprehensive order encompasses multiple aspects of KAVACH 4.0 implementation. The contract covers supply, installation, testing and commissioning of on-board KAVACH 4.0 equipment for Indian Railways.

Regulatory Compliance and Disclosure

Concord Control Systems has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this order does not involve any related party transactions and has been awarded on arm's length basis.

Business Implications

The order represents a significant business opportunity in the railway safety technology sector. KAVACH 4.0 is an advanced train collision avoidance system, and this contract positions the company's associate firm as a key supplier in this critical safety infrastructure segment.

Key aspects of the business development include:

• Strategic positioning in railway safety technology
• Domestic focus with Indian Railways as the client
• Comprehensive scope covering entire project lifecycle
• Defined timeline ensuring timely project completion

Corporate Structure and Execution

The order has been secured through Progota India Private Limited, which operates as an associate company of Concord Control Systems Limited. This structure allows the company to leverage specialized capabilities while maintaining strategic oversight of the project execution.

The company has confirmed that promoter groups have no interest in the entity awarding the contract, ensuring transparency in the business relationship. The 12-month execution timeline provides a clear framework for project delivery and revenue recognition.

Concord Control Systems Limited has announced the provision of a corporate guarantee worth ₹25 crores to facilitate banking facilities for its wholly owned subsidiary. The guarantee has been issued in favour of Yes Bank Limited to help Advanced Rail Controls Private Limited secure working capital and other short-term banking facilities.

Corporate Guarantee Details

The company disclosed the guarantee arrangement through a regulatory filing dated February 25, 2026, in compliance with SEBI listing obligations. The guarantee structure and key parameters are outlined below:

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Para B of Part A of Schedule III. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, which governs such guarantee disclosures.

Financial Impact Assessment

Concord Control Systems has clarified that the guarantee is provided on behalf of Advanced Rail Controls Private Limited, which forms part of the consolidated group. The company stated that currently there is no impact of this guarantee other than its disclosure in the financial statements as a contingent liability.

Promoter Interest and Transaction Nature

The company confirmed that promoters, promoter group, or group companies do not have any interest in this transaction except to the extent of their shareholding in Advanced Rail Controls Private Limited. Since Advanced Rail Controls is a wholly owned subsidiary of Concord Control Systems, the transaction remains within the consolidated group structure.

The guarantee arrangement enables the subsidiary to access necessary banking facilities while maintaining the parent company's support for its operations and working capital requirements.