Description
Concord Control Systems Limited announces bonus issue of 37,95,092 equity shares with record date October 16, 2025 and listing date October 20, 2025.
Summary
Concord Control Systems Limited (Scrip Code: 543619) has submitted an undertaking to BSE for the bonus issue of 37,95,092 equity shares of Rs. 10/- each. The company has confirmed compliance with SEBI circular CIR/CFD/PoD/2024/122 dated September 16, 2024 and committed to crediting bonus shares by T+1 day and making them available for trading by T+2 day.
Key Points
- Total bonus shares to be issued: 37,95,092 equity shares of Rs. 10/- each
- ISIN: INE0N0J01014
- Distinctive Numbers: 63,25,153 to 1,01,20,245
- Company undertakes to credit bonus shares in depository system by 12 PM of next working day after record date
- Bonus shares will be available for trading from beginning of T+2 day
- Submitted by Company Secretary Puja Gupta (M. No.: 28664)
Regulatory Changes
No regulatory changes. This circular complies with existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular No. CIR/CFD/PoD/2024/122 dated September 16, 2024.
Compliance Requirements
- Company must credit bonus shares in depository system latest by 12 PM on October 17, 2025 (T+1 day)
- Company must ensure bonus shares are available for trading from beginning of day on October 20, 2025 (T+2 day)
- BSE to issue notification accepting the record date and notifying the number of shares considered in the bonus issue
Important Dates
- Record Date: Thursday, October 16, 2025 (T) - to determine eligibility of shareholders for bonus issue
- Deemed Date of Allotment: Friday, October 17, 2025 (T+1) - next working date after record date
- Credit of Bonus Shares: By 12 PM on Friday, October 17, 2025 (T+1)
- Effective Listing Date: Monday, October 20, 2025 (T+2)
- Trading Availability: Monday, October 20, 2025 (T+2) - beginning of day
Impact Assessment
Market Impact: Medium - The bonus issue will increase the outstanding equity shares of Concord Control Systems Limited by 37,95,092 shares, improving liquidity and making shares more affordable for retail investors. The stock will trade ex-bonus from the record date.
Shareholder Impact: Positive - Existing shareholders as of the record date will receive bonus shares in proportion to their holdings, increasing their shareholding without additional investment. The per-share price will adjust proportionately.
Operational Impact: The company has committed to a tight timeline (T+2 for trading) which demonstrates efficient operational capabilities and compliance with SEBI’s accelerated timeline requirements for bonus issues.
Impact Justification
Standard bonus issue affecting existing shareholders of Concord Control Systems Limited with defined timeline for credit and trading of bonus shares