Merger order of Advanced Rail Controls Private Limited with and into Concord Control Systems Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hon'ble NCLT Allahabad Bench has approved the merger of Advanced Rail Controls Private Limited (a wholly owned subsidiary) into Concord Control Systems Limited (the listed parent). The second motion order was pronounced on April 15, 2026, with the certified copy to be filed with the Registrar of Companies within 30 days for the scheme to become effective. The appointed date for the merger is April 1, 2025. Since the transferor is a wholly owned subsidiary, no new shares will be issued to the transferor's shareholders. The transferor company will stand dissolved without winding up upon the scheme becoming effective. All assets, liabilities, rights, and employees of the transferor will vest in the transferee company.
This is a routine consolidation of a wholly owned subsidiary into the parent. Since no new shares are being issued and the subsidiary was already fully owned, there is no dilutive impact on existing shareholders. The merger simplifies the corporate structure and may offer tax efficiencies.