Intimation of Record date for allotment of bonus equity shares
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Concord Control Systems Ltd has fixed Thursday, October 16, 2025, as the record date for determining shareholders eligible for a bonus issue in the ratio of 3 new equity shares for every 5 existing shares held. A total of 37,95,092 bonus equity shares of Rs 10 each will be allotted, with the deemed date of allotment on October 17, 2025, and trading expected to commence on October 20, 2025. The bonus issue was approved by members at the AGM held on September 30, 2025. Shareholders must hold shares in dematerialised form to receive the bonus shares directly in their demat accounts.
Eligible shareholders will receive 3 additional shares for every 5 they currently hold, increasing their share count by 60% but proportionally reducing the per-share price on the ex-date. This is a value-neutral event that rewards existing shareholders without changing the company's overall market value.