Outcome of 2nd Extra-Ordinary General Meeting of the Company.
Price
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Awaiting price reaction for this filing.
Concord Control Systems held its 2nd Extra-Ordinary General Meeting for FY 2025-26 on Saturday, December 20, 2025, via video conferencing from 12:30 PM to 12:37 PM. Two special resolutions were transacted, both relating to the preferential allotment of equity shares to the public (non-promoter) category. The first resolution covered issuance of 2,38,500 equity shares to three allottees: Sageone-Flagship Growth OE Fund, Sanshi Fund-1, and Mr. Ashish Rameshchandra Kacholia. The second resolution covered issuance of 24,662 equity shares to Mr. Krishna Kumar Agarwal. In aggregate, the EGM considered the allotment of 2,63,162 equity shares to non-promoter investors on a preferential basis. The detailed voting results from the scrutinizer's report were stated to be filed with the exchange separately.
For existing shareholders, this preferential issue to non-promoters will lead to equity dilution once the shares are allotted, while bringing in institutional and high-net-worth investors into the shareholder base. The share pricing and final voting outcome (for/against each resolution) will be disclosed in a follow-up filing.