Concord Control Systems' Board has approved the allotment of 24,681 equity shares on a preferential basis.

These shares, issued at Rs. 1,418.08 each, are part of a non-cash transaction to acquire a 10% equity stake in Advanced Rail Controls Private Limited.

The acquisition is valued at Rs. 3.5 Cr.

This move increases the company's stake in a rail controls entity, directly impacting its operational scope and overall equity base.