Concord control systems backs subsidiary with ₹25 cr guarantee

Concord Control Systems has provided a ₹25 crore corporate guarantee to its wholly owned subsidiary Advanced Rail Controls, to secure working capital and short-term banking facilities from Yes Bank, with no immediate impact on operations.

Concord Control Systems Limited has issued a corporate guarantee worth ₹25 crore to support the banking requirements of its wholly owned subsidiary Advanced Rail Controls Private Limited. The guarantee, provided in favour of Yes Bank Limited, is intended to secure working capital and short-term banking facilities for the subsidiary.

The arrangement was disclosed on February 25, 2026, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The guarantee will be recorded as a contingent liability in Concord Control Systems’ financial statements, with no immediate operational or cash flow impact expected.

Concord Control Systems confirmed that promoters, promoter group, or related entities have no direct interest in the transaction beyond their shareholding in Advanced Rail Controls. As a wholly owned subsidiary, the transaction remains within the consolidated group.

This corporate guarantee allows Advanced Rail Controls to access necessary banking facilities while ensuring support from the parent company for its operational and working capital needs.