UP-Based Company To Mull Bonus Shares For The 1st Time Since Inception; Board Meeting On This Date

The top producer of embedded electronics systems and critical electronic solutions in India, Concord Control Systems Limited (CCSL), with its headquarters in Lucknow, Uttar Pradesh, has announced that its Board of Directors will meet shortly to discuss and consider bonus shares. This will be the first bonus issue declaration made for shareholders since the company's founding.

"We wish to inform you that pursuant to Regulation 29, 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors (the "Board") of Concord Control Systems Limited (the "Company") is scheduled to be held on Sunday, September 07, 2025, at 12:00 P.M. to inter alia, to consider bonus issue of securities," said Concord Control Systems in a stock exchange filing.

Additionally, on Thursday, September 4, Concord Control Systems Limited (CCSL) revealed India's first entirely domestic zero-emission propulsion system through its Advanced Rail Division. This innovation, which was fully designed and constructed in India, demonstrates the country's engineering prowess in support of its goal of reaching net-zero emissions and full railway electrification by 2030.

As per Concord Control Systems, the propulsion system is powered by Lithium Iron Phosphate (LFP) batteries and features a DC chopper-based drive.

Commenting on the milestone, Mr. Nitin Jain, Joint Managing Director - Concord Control Systems Limited, said, "This development is a proud moment not only for Concord but for India's innovation ecosystem as a whole. By delivering the country's first 100% indigenous Zero Emission Propulsion System, we are advancing the twin goals of sustainable mobility and self-reliance, while supporting Indian Railways' target of achieving 100% electrification by 2030."

Mr. Sadasivan V., Principal Executive Director, at Advanced Rail- said, "This propulsion system is proof that India can lead in next-generation rail technology. With this achievement, we have set a reference point that will guide the industry towards sustainable, cost-efficient, and self-reliant solutions."

Concord Control Systems has solidified its status as a leader in Indian railway technology with this historic accomplishment, bringing the country one step closer to its objectives of sustainability, independence, and top-notch rail infrastructure.

A technology leader and RDSO-approved OEM, Concord Control Systems Limited (CCSL) provides Indian Railways with cutting-edge electrical and electronic equipment. Concord uses cutting-edge R&D, testing, and production facilities in line with the government's Gati Shakti plan.

Concord Control Systems Target Price

"Concord Control Systems stock price is bullish but also overbought on the Daily charts with next resistance at 2566. Investors should be booking profits at current levels as a Daily close below support of 2350 could lead to a target of 2000 in the near term," commented A R Ramachandran, independent research analyst.

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