Lucknow: Concord Control Systems Limited (BSE: CNCRD), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, has announced that its Board of Directors has approved a preferential issue of up to 2,38,500 fully paid-up equity shares. The issue, priced at ₹2,100 per share including premium, is expected to raise approximately ₹50.08 crore, subject to shareholders’ and regulatory approvals.
The preferential issue has received strong support from existing investors, including Ashish Rameshchandra Kacholia and the Sanshi Fund group, alongside new participation from Sage One Flagship Growth Open-Ended Fund. This reflects a robust endorsement of Concord’s growth strategy, financial strength, and market potential.
Nitin Jain, Joint Managing Director of Concord Control Systems Limited, stated: “This preferential equity issue marks a significant milestone in our journey. It empowers Concord Control Systems to strengthen its financial position, expand operational capacity, and strategically capitalize on market opportunities within the automation sector. The participation of our valued existing investors combined with the fresh capital from Sage One reinforces the trust in our vision.”
The capital infusion will accelerate Concord’s expansion plans, enabling investments in new technologies and enhancing production capabilities to meet rising market demand. The preferential allotment to select investors, including prominent funds and key stakeholders, positions Concord for sustained growth, innovation, and stronger competitiveness in the automation sector.
