This is with reference to our intimation dated September 4, 2025, and in terms of Regulation 30 read with Para A Part A of Schedule III of Securities and Exchange Board of India (Listing ....
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The Board of Directors of Concord Control Systems Ltd, at its meeting held on September 7, 2025, approved and recommended a bonus issue of equity shares in the ratio of 3:5, i.e., 3 new fully paid-up equity shares of Rs. 10 each for every 5 existing equity shares held. Approximately 37,95,092 bonus shares are proposed to be issued, increasing the paid-up share capital from 63,25,153 shares (Rs. 6.32 crore) to 1,01,20,245 shares (Rs. 10.12 crore). The bonus will be issued by capitalising capital redemption reserve, securities premium, and/or general reserve, requiring Rs. 3.79 crore. As of March 31, 2025, the company has Rs. 68.37 crore in securities premium and Rs. 36.83 crore in surplus, making it well-funded. The issue is subject to shareholder approval, and the record date will be announced later, with bonus shares expected to be credited on or before November 6, 2025.
This is a positive development for existing shareholders as they will receive additional shares free of cost, increasing liquidity and lowering the per-share price. The company has ample reserves to support the bonus issue, and shareholder approval will be sought at an upcoming general meeting.