Scrutinizer''s Report of EGM
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Concord Control Systems held its 2nd Extraordinary General Meeting (EGM) of FY 2025-26 on December 20, 2025, via video conferencing. Two special resolutions were passed unanimously with 100% votes in favour. Resolution 1 approves the issuance of up to 2,38,500 equity shares on a preferential basis, and Resolution 2 approves the issuance of up to 24,662 equity shares on a preferential basis. A total of 12 members voted through remote e-voting, representing 68,60,600 votes — all in favour, with no votes against or invalid. No members voted during the EGM itself. Mr. Amit Gupta of M/s Amit Gupta & Associates served as the Scrutinizer for the process.
Both preferential allotments were approved with overwhelming shareholder support, allowing the company to proceed with issuing up to 2,63,162 new equity shares to specific investors. This will result in equity dilution for existing shareholders and may affect share price in the short term depending on the issue price and identity of the allottees.