Outcome of Board Meeting held on Friday, October 17, 2025
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Concord Control Systems Ltd has allotted 37,95,092 fully paid-up bonus equity shares of Rs. 10 each to eligible shareholders in a 3:5 ratio (3 bonus shares for every 5 shares held). The record date for determining eligibility was October 16, 2025. As a result, the company's paid-up equity capital has increased from Rs. 6.33 crore (63,25,153 shares) to Rs. 10.12 crore (1,01,20,245 shares). The new shares will rank equally with existing shares in all respects. This follows shareholder approval at the AGM on September 30, 2025, and BSE's in-principle approval dated October 7, 2025.
Shareholders will receive 3 additional shares for every 5 they currently hold, increasing their share count by 60%. The share price typically adjusts downward on the ex-date to reflect the higher number of shares, so overall investment value usually remains unchanged in the short term, though bonus issues are generally viewed positively as a sign of company confidence.