Concord Control Systems Limited announced a private placement of 270,000 equity shares at an issue price of INR 450 per share of face value of INR 10 each at a premium of INR 440 for the gross proceeds of INR 121,500,000 to the allottees on a preferential issue basis on September 13, 2023 The transaction has been approved by the shareholders of the company. The transaction will include participation from individual investors Mukul Mahavir Agrawal of Param Capital for 2,40,000 shares and Megha Jain for 30,000 shares.