Concord Control Systems Share Alert! 3:5 Bonus Shares Soon, Allotment In October; Buy Ahead of Record Date?

Concord Control Systems, a Lucknow-based leading manufacturer of electrical and electronics products for Indian Railways, is coming with bonus shares as a corporate action in October. At its October 8, 2025, meeting, the Board of Directors declared that the record date for 3:5 bonus shares would be Thursday, October 16, 2025. Additionally, the Board of Concord Control Systems has declared that the bonus equity issue will be open for trading on Monday, October 20, 2025, and that the proposed allotment date of bonus shares is Friday, October 17, 2025.

Concord Control Systems Bonus Share Details

"The aforementioned issue of Bonus Equity Shares is being made in terms of the approval accorded by the members of the Company in their annual general meeting held on September 30, 2025. The Bonus Equity Shares shall be allotted to the members whose names appear in the Register of Members / List of Beneficial Owners as on the said Record Date. The Bonus Equity Shares, once allotted, shall rank pari passu in all respects with the existing equity shares of the Company and shall always be subject to the terms and conditions contained in the memorandum and articles of Association of the Company. Pursuant to the Securities Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, new Bonus Equity Shares shall be issued in dematerialised form only. The members holding equity shares in Physical form who have not provided their demat account details to the Company, the said Bonus Shares shall be credited in dematerialised form to a demat suspense account till they are credited to the beneficiary accounts of the respective members holding equity shares in physical form," said Concord Control Systems in a stock exchange filing.

About 37,95,092 equity shares with a face value of Rs 10 apiece will be issued as bonus shares, according to the company's proposal. Subject to shareholder approval, these bonus shares will be issued by capitalizing the company's general reserve, securities premium, and/or capital redemption reserve.

Three new fully paid-up equity shares, each worth Rs 10, will be issued for every five fully paid-up equity shares that eligible shareholders already hold as of the record date under the planned bonus issue, which has a 3:5 ratio.

The pre-bonus paid-up share capital of the firm stands at Rs 6,32,51,530, consisting of 63,25,153 equity shares of Rs 10 each. The paid-up share capital, which consists of 1,01,20,245 equity shares of Rs 10 apiece, will rise to Rs 10,12,02,450 following the bonus issue.

It has been projected that a total of Rs 3,79,50,920 would be needed to conduct this bonus issue from free reserves and/or share premium, according to the company.

Concord Control Systems Target Price

"The stock is witnessing steady consolidation near key support, indicating strong base formation. RSI around 53 suggests balanced momentum, while MACD's positive crossover points to a fresh bullish phase ahead. Accumulation is visible between ₹2,650-₹2,700, offering a favorable entry zone. Sustaining above ₹2,750 may open upside targets toward ₹3,050-₹3,150. Maintain a stop loss at ₹2,600," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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