Annual Report for the F Y 2025-26

An ISO 9001:2015 Certified Company September 07, 2026 The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001, Maharashtra Scrip Code: 543619; Symbol: CNCRD ; ISIN: INE0N0J01014 Sub: Notice of 16th Annual General Meeting along with Annual Report of the Company for the Financial Year 2025-2026 Ref: Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, We would like to inform you that the 16th Annual General Meeting (“AGM”) of the Shareholders (“the Shareholders” or the “Members”) of Concord Control Systems Limited (“Concord” or “the Company”) will be held on Wednesday, September 30, 2026 at 11:00 a.m. through Video Conferencing (‘VC’)/Other Audio-Visual Means (‘OAVM’) facility to transact the businesses as set forth in the Notice of 16th AGM dated September 07, 2026. Pursuant to Regulation 34(1) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are submitting herewith the Annual Report of the Company along with the Notice of AGM for the financial year 2025-26. The Annual Report containing the Notice is also uploaded on the Company’s website and can be accessed at www.concordgroup.in. We humbly request you to kindly take the above on your records. Thanking You, Yours’ Sincerely, for Concord Control Systems Limited Puja Gupta Company Secretary & Compliance Officer M. No.: A28664 Encl: As above CONCORD CONTROL SYSTEMS LIMITED REG. OFFICE & LUCKNOW UNIT CORPORATE ADDRESS BANGALORE UNIT +91-7800008700, mail@concordgroup.in www.concordgroup.in G-36, U.P.S.I.D.C. Industrial Area, 7th Floor, Shalimar Iridium, Plot No. 114, Aerospace Sector, +91-9035655080, concordarc@concordgroup.in CIN: L31908UP2011PLC043229 D Le uv ca R no oa wd C 2h 6i 0n 1h 9a t, Vibhut Li uK ch ka nn od w, -G 22o 6m 0t 1i 0N agar, H Pi- aT re kc aD lae f Hen os be A ane gro as lop ra ec -e +91-9919539555 Uttar Pradesh Uttar Pradesh 562149, Karnataka CONCORD INTELLIGENCE IN CONTROL SYSTEMS LIMITED MOTION CONCORD CONTROL SYSTEMS LIMITED ANNUAL REPORT 2025-26 BUILDING THE NEXT INTELLIGENCE LAYER FOR THE MODERNISATION OF INDIA’S RAILWAYS CONTENTS Corporate Overview 1 Intelligence in motion 2 5 ways we strengthened our business in FY 2025-26 3 The layered intelligence of mordern railways 4 Corporate snapshot Introduction 6 Product portfolio at a glance 8 Our journey over the years INTELLIGENCE 10 Strengthening its futuristic business through acquisitions and strategic investments IN MOTION 12 How we have emerged as one of the fastest-growing railway technology companies 13 Concord’s order book reached an all-time Building the next intelligence layer for the high in FY 2025-26 modernisation of India’s railways 14 India's railway transformation represents a once-in-a-generation opportunity Overview sensor, every additional train, 16 Chairman’s message every additional month of A layer matters because it 19 Managing Director’s message data makes the layer more does not compete with what 22 Managing Director and Chief Financial accurate and more valuable, exists beneath it - it multiplies Officer’s message without a proportional increase in cost. This is what 25 4 strategic Concord pillars A safety layer does not replace allows a company operating in 28 Research and development at Concord the track; it makes every this space to scale its impact 31 Human resources management kilometre of existing track beyond the pace at which it safer. adds physical assets. Concord 33 Corporate Social Responsibility is positioned inside this shift, 35 Our Leadership Team A diagnostics layer does not not adjacent to it. replace the locomotive; it 36 Corporate information extends the useful life and The company’s growth Statutory Reports reliability of every locomotive has extended beyond the already in service. organic, linear expansion of a 37 Notice traditional equipment supplier This is why layers create 68 Boards' Report - adding one product line at a outcomes disproportionate to 78 Management Discussion & Analysis Report their own size: a comparatively time - into a more deliberate build-out of capability, 82 Corporate Governance Report small investment in sensing including acquisitions and or software can improve Financial Statements investments that bring the safety, efficiency and in-house the propulsion, 105 Standalone Financial Statements productivity of an entire, much safety, communication and larger physical network built 146 Consolidated Financial Statements diagnostic technologies a up over decades. modern railway now demands. Layers also grow differently This positions Concord not from physical assets. A track as a company chasing the or a locomotive is built once transition, but as one building and depreciates. A software the layered infrastructure of it. Forward-looking statement or intelligence layer improves In this annual report, we have disclosed forward looking information to enable investors to comprehend our prospects and take informed with use - every additional Intelligence in Motion. investment decisions. This report and other statements - written and oral - that we periodically make, contain forward looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We can guarantee that these forward-looking statements will be realized, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should kindly bear this in mind. We undertake no obligation to Online Annual report publicly update any forward-looking statements, whether as a result of new information, future events or otherwise www.concordgroup.in CORPORATE OVERVIEW | STATUTORY REPORTS | FINANCIAL STATEMENTS THE LAYERED INTELLIGENCE OF MODERN RAILWAYS WAYS WE How Concord’s business model is centered around ‘layering’ STRENGTHENED Overview Steel carries the train. Intelligence determines how safely, OUR BUSINESS efficiently and predictably it moves. The railway that passengers see is built with tracks, stations, coaches and locomotives. The railway that determines superior performance comprises IN FY 2025-26 propulsion systems that control movement, communication systems that coordinate operations, safety systems. Our business model became broadbased: Concord extended beyond its traditional product base to propulsion, 1 5 safety, control, diagnostics and advanced electronics. Propulsion layer Experience Layer Propulsion converts The combined result is energy into controlled greener journeys, lower Our strategy became more visible: Our revenues, movement across emissions, fewer delays, EBITDA, profit and order book increased significantly; our conventional, battery, better asset utilisation transformation agenda began to reflect in our business. hydrogen, hybrid and and more predictable advanced chemistry cell operations-creating a systems. safer, smarter and more sustainable mobility Our growing order book transformed our visibility: Our ecosystem. closing consolidated order book of Rs. 697 Crore was 3.3x our FY 2025-26 revenue. LAYERS. Our research and integration became central: Our R&D emphasis, manufacturing capability and specialized Control layer Sensing and RAILWAY. business presence evolved us from conventional product Locomotives, trackside diagnostics layer supply to systemic problem solving. systems and control Sensors monitor w [Showing first 8,000 characters — download PDF for full document]