Concord Control Systems Announces 3:5 Bonus Share Issue

Concord Control Systems Limited (CCL), India's leading manufacturer of embedded electronics systems and critical electronic solutions today announced that its Board of Directors has approved the issuance of bonus equity shares in the ratio of 3:5.

Under this arrangement, shareholders will receive three fully paid-up equity shares of ₹10 each for every five existing fully paid-up equity shares held, as on the record date (to be announced shortly).

Key highlights of the proposed bonus issue:

- Bonus Ratio: 3:5 (Three new equity shares for every five existing shares held)
- Total Bonus Shares Proposed: ~37.95 lakh equity shares of ₹10 each
- Pre-Issue Paid-Up Capital: 63.25 lakh equity shares amounting to ₹6.32 crore
- Post-Issue Paid-Up Capital: 1.01 crore equity shares amounting to ₹10.12 crore

Concord Control Systems Limited will announce the record date for determining eligible shareholders in due course.

Shares of Concord Control Systems Limited was last trading in BSE at Rs. 2430.15 as compared to the previous close of Rs. 2438.25. The total number of shares traded during the day was 10500 in over 78 trades.

The stock hit an intraday high of Rs. 2525.00 and intraday low of 2426.05. The net turnover during the day was Rs. 25978762.00.

Source : Equity Bulls

Keywords

ConcordControlSystems INE0N0J01014 IndustrialProducts BonusIssue 3For5