Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Concord Control Systems has informed that the Board of Directors of the Company at their meeting held today on Monday, June 03, 2024 has considered and approved: 1) Grant of further loan/Inter-Company Deposit (ICD) to Advanced Rail Controls: The Board of Directors at their meeting held on June 03, 2024, considered and approved the further grant of loan/Inter Company Deposit (ICD) of up to Rs.10,00,00,000/- in one or more tranches to its Subsidiary Company - Advanced Rail Controls (CIN: U05190KA2005PTC035612) having its registered office at P No.114, Aerospace sector, Hitech defense and Aerospace Park, Jala Hobli, Bangalore, Bangalore, Karnataka, India, 562149. In terms of its earlier disclosures dated May 02, 2024 and May 05, 2024, the Company holds 90% Equity Shareholding in Advanced Rail Controls. The Board meeting commenced at 2:00 pm and concluded at 2:40 pm. The above information is also available on the Company’s website at www.concordgroup.in.
