Mumbai, October 13 (Udaipur Kiran): Shares of Concord Control Systems Ltd (CCSL) rallied over 5% in early trade after the company received board approval to increase its equity stake in Progota India from 26% to 46.5% under the existing Share Purchase Agreement.

The stock surged ₹145.45 or 5.40%, trading at ₹2,837.95 on the BSE, compared to its previous close of ₹2,692.50. The scrip opened at ₹2,700, hitting an intraday high of ₹2,849 and a low of ₹2,700. A total of 3,375 shares changed hands on the counter.

The BSE Group ‘M’ stock, with a face value of ₹10, has a 52-week high of ₹2,855 (recorded on September 23, 2025) and a 52-week low of ₹971.15 (on February 19, 2025). Over the past week, the stock traded between ₹2,850 and ₹2,661, giving the company a market capitalization of ₹1,771.04 crore.

As of the latest shareholding data, promoters hold 67.06%, institutions 0.23%, and non-institutional investors 32.71% in the company.

Strengthening Strategic Partnership

Concord’s additional investment in Progota India is a strategic move aimed at strengthening its partnership and accelerating collaboration on the commercialisation and rollout of Kavach 4.0 — the latest version of India’s indigenous train collision avoidance system developed for Indian Railways.

The acquisition combines Concord’s manufacturing and system-integration expertise with Progota India’s research and development strengths, positioning the company at the forefront of India’s smart and zero-emission rail transport revolution.

Through this enhanced stake, Concord aims to expand its footprint in high-value technology segments such as train automation, digital signalling, and propulsion electronics. The company expects the transaction to unlock multi-year growth opportunities, enhance its intellectual property base, and create long-term shareholder value by deepening its role in India’s evolving rail-safety and control-systems ecosystem.

The company’s Board of Directors approved the proposal at a meeting held on October 11, 2025, and the transaction is expected to be completed within six months.

Industry Position

Concord Control Systems (CCSL) is one of India’s leading manufacturers of embedded electronic systems and critical electrical solutions that support next-generation railway infrastructure. The company is an RDSO-approved OEM and technology leader, providing advanced electrical and electronic systems to the Indian Railways network.