This is to inform that the Board of Directors of Concord Control Systems Limited (the Company) at their meeting held today on Sunday May 19 2024 considered and approved the grant of Loan / Inter Company Deposit of upto Rs. 5 00 00 000/- (Rupees Five Crores only) in one or more tranches to its Subsidiary Company - Advanced Rail Controls Private Limited. In terms of our earlier disclosures dated May 02 2024 and May 05 2024 the Company holds 90% Equity Shareholding in Advanced Rail Controls Private Limited.
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