Concord Control Systems has informed that the Board of Directors at their meeting held on April 05, 2024 considered and approved the further investment of upto Rs 12 crores in its Associate Company -Progota India by subscribing in the Right issue of the Equity Shares made by the Progota in one or more tranches from time to time. In this regard, the timeline for completion of the transaction / payment is expected to be completed by March 31, 2025 which was earlier within six months from the date of disclosure, by September, 2024.
The above information is a part of company’s filings submitted to BSE.
