C
2,829.90
as on 22 Sep 2025 at 15:29
BSE
Market Cap
₹1,783 Cr
PE Ratio
74.50
ROCE
33.95%
Concord Control Systems Secures First KAVACH 4.0 Order Worth INR 19.45 Crores
Concord Control Systems Limited secured its first order for KAVACH 4.0 through associate company Progota India Private Limited, valued at INR 19.45 crores. The order involves design, development, supply, installation, trial and commissioning of on-board KAVACH equipment in locomotives and trackside KAVACH equipment for South Central Railway. The company's next-generation Kavach system has advanced through Indian Railways' approval process, with approximately 70% of the SiL4 certification process completed. Joint Managing Director Nitin Jain stated this validates their engineering capabilities and positions them for scaling Kavach deployment across the Indian Railways network. The fully in-house developed system provides a first-mover advantage, as new entrants typically require 3 to 5 years to reach this development stage.
Concord Control Systems Board Recommends 3:5 Bonus Share Issue
Concord Control Systems Limited's Board of Directors recommended issuing bonus shares in a 3:5 ratio, meaning 3 new equity shares of Rs. 10 each for every 5 existing shares held by eligible shareholders. The bonus issue is subject to shareholder approval and will be funded through capitalization of capital redemption reserve, securities premium, or general reserve. The company plans to issue approximately 37,95,092 bonus shares, which would increase the paid-up share capital from Rs. 6,32,51,530 to Rs. 10,12,02,450. The company has sufficient reserves with securities premium of Rs. 68,36,56,320 and surplus of Rs. 36,82,85,270.08 as of March 31, 2025. The bonus shares are expected to be credited within two months from the board meeting date. The record date for determining eligible shareholders will be announced later.
Concord Control System Schedules Board Meeting to Consider Bonus Securities Issue
Concord Control System has planned a board meeting on September 7 to discuss the issuance of bonus securities. The meeting will focus on deliberating this corporate action that could potentially benefit existing shareholders through additional securities distribution.
Concord Control Systems Develops India's First Indigenous Zero-Emission Locomotive Propulsion System
Concord Control Systems has unveiled India's first 100% indigenous zero-emission propulsion system designed for diesel locomotives. This development represents a significant technological advancement in the railway sector, focusing on environmentally sustainable transportation solutions.
Concord Control Systems Receives NCLT Approval for Subsidiary Merger
Concord Control Systems has received approval from the National Company Law Tribunal (NCLT) for the first motion to merge its wholly owned subsidiary Advanced Rail Controls Pvt Ltd. The approval represents a procedural step in the merger process between the parent company and its subsidiary.
Concord Control Systems Provides Rs 38 Crore Corporate Guarantee to Subsidiary Advanced Rail Controls
Concord Control Systems Limited has issued a corporate guarantee of Rs 38 crores in favor of Axis Bank Limited to help its wholly owned subsidiary, Advanced Rail Controls Private Limited, secure working capital and other short-term facilities. The guarantee will be disclosed as a contingent liability in the company's financial statements. The promoter and promoter group companies have no interest in this transaction except to the extent of their shareholding in Concord Control Systems.
Concord Control Systems Q4 Financial Results
Concord Control Systems reported its Q4 financial results. The company's EBITDA decreased to 71 million rupees from 93 million rupees year-over-year, with EBITDA margin dropping to 19% from 26%. However, net profit increased to 76 million rupees from 70 million rupees, and revenue rose to 375 million rupees from 351 million rupees compared to the same quarter last year.
Concord Control Systems to Consider Share Issuance
Concord Control Systems has announced a board meeting scheduled for May 14 to consider the issuance of shares on a preferential basis. This potential corporate action could impact the company's capital structure and ownership.
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