Concord Control Systems Share price

The Company was originally incorporated as a Private Limited Company under the name “Concord Control Systems Private Limited” on January 19 2011 under the provisions of the Companies Act 1956 with the Registrar of Companies Kanpur Uttar Pradesh. Subsequently pursuant to Special Resolution passed by the Shareholders at the Extraordinary General Meeting held on August 18 2022 the Company was converted into a Public Limited Company and consequently the name of the Company was changed from “Concord Control Systems Private Limited” to “Concord Control Systems Limited” vide a fresh certificate of incorporation dated August 26 2022 issued by the Registrar of Companies Kanpur Uttar Pradesh and bearing CIN U31908UP2011PLC043229. Mr. Nitin Jain and Mr. Gaurav Lath were the initial subscribers to the Memorandum of Association of the Company.Major events and milestones of the Company:2011- Incorporation of the Company as “Concord Control Systems Private Limited” under the Companies Act 1956.2013- Commencement of Factory Unit I at UPSIDC Industrial Area Lucknow UP2017-2018- Crossed Revenue of ? 1000 Lakhs2019-2020- Acquired 66.67% stake in Drivetrain Solutions Private Limited through subscribing the equity shares pursuant to which it became the Subsidiary Company.2019-2020- Acquired 50.00% stake in Rangetech Systems India Private Limited through subscribing the equity shares pursuantto which it became the Associate Company.Further during the year the company further acquired the 25% stake in Rangetech Systems India Private Limited by purchasing the equity shares from existing shareholder pursuant to which it became the Subsidiary Company.2022-The company has acquired the 24.98% stake in Rangetech Systems India Private Limited by purchasing the equity shares from existing shareholder.- Commencement of Factory Unit II at Chinhat Industrial Area Lucknow UP- Conversion of the Company from Private Limited to Public Limited.