More Stories

Informist, Wednesday, Apr. 15, 2026

 

--NCLT approves Advanced Rail Controls' merger with Concord Control Systems 

 

By Surya Tripathi

 

NEW DELHI – The Allahabad bench of the National Company Law Tribunal Wednesday approved the merger of Advanced Rail Controls Pvt. Ltd. with its parent Concord Control Systems Ltd. "The company petition is allowed," the bench of judicial member Praveen Gupta and technical member Ashish Verma said. 
 

Following the news, shares of Concord Control Systems rose 9.1% to the day's high of INR 2,489.95 on the BSE. The shares ended the day at INR 2,452,20, up 7.4%.

 

Since Concord Control Systems held the entire share capital of Advanced Rail Controls, the latter would not issue any shares to anyone under the merger scheme. There will be no changes to the share capital of Concord Control Systems after the merger, according to the scheme.

The merger would result in the consolidation of the wholly owned subsidiary with its parent company and the pooling of their resources into a single entity, the scheme said. It will ensure focused management in the combined entity, resulting in more efficient management and maximising value for shareholders, it said.

 

The amalgamation will enable both companies to realise the benefits of greater synergies between their businesses and to pool financial, operational, managerial, technical, distribution, and marketing resources with each other. The merger will provide an opportunity to reduce operational costs through the transfer of intermediary products between the companies, it said.

 

Concord Control has much larger and more advanced infrastructure, which can be utilised for Advanced Rail's business, the merger documents said. Combined sourcing of raw materials by Advanced Rail and Concord Control would result in a reduction in the overall procurement costs, it added.

 

Advanced Rail Controls is engaged in various niche areas of railway rolling stock technology, including vehicle control systems and software development, graphical driver displays, remote diagnostics, and locomotive fleet tracking. Concord Control is engaged in the design, development, manufacture, and supply of top-of-the-line electrical and electronic products for the Indian Railways and related activities.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Surya Tripathi

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.