Revised outcome of Board Meeting held on Friday, October 17, 2025
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Concord Control Systems Limited has allotted 37,95,089 fully paid-up bonus equity shares of face value Rs. 10 each to eligible members. The bonus issue is in the ratio of 3:5, meaning 3 new shares for every 5 existing shares held. The record date for the bonus issue was Thursday, October 16, 2025. The allotment follows the special resolution passed by shareholders at the 15th Annual General Meeting on September 30, 2025, and BSE's in-principle approval dated October 7, 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 (1,01,20,242 shares). The new shares will rank equally with existing equity shares. The board has also authorized key officials to complete regulatory filings with stock exchanges, depositories, and MCA.
This is a positive development for existing shareholders, as they will receive additional shares free of cost, increasing their holding by 60% (3 new shares for every 5 held). However, the stock price may adjust downward proportionately on the ex-bonus date to reflect the increased share count, with no change in total company value.