Intimation of cessation of a wholly owned subsidiary pursuant to the scheme of Amalgamation.
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Concord Control Systems Ltd (CCSL) has completed the amalgamation of its wholly owned subsidiary, Advanced Rail Controls Private Limited (ARC), into the parent company. The scheme was sanctioned by the NCLT Allahabad Bench on April 15, 2026, and became effective on May 9, 2026, upon filing with the Registrar of Companies, Kanpur. ARC has been dissolved and ceased to be a subsidiary from that date. The appointed date for the scheme was April 1, 2025. ARC contributed Rs. 51.20 crores in turnover and Rs. 16.44 crores in net worth. Since ARC was a wholly owned subsidiary, no cash consideration or new share issuance was involved — CCSL's investment in ARC simply got cancelled upon merger. The transaction was a related party transaction but exempt under SEBI regulations as it involved a wholly owned subsidiary.
This is a routine internal restructuring — ARC's assets and operations will now be absorbed into CCSL. For shareholders, this consolidation simplifies the group structure and may improve operational efficiency, with no direct dilution or cash impact.