Concord Enviro Systems Invests Rs 10.53 Crores into RSSIPL for Brownfield Expansion
Concord Enviro Systems Limited has committed an additional investment of Rs 10,53,55,536.40 in Rochem Separation Systems (India) Private Limited (RSSIPL), a wholly-owned subsidiary of the company. This investment was made by subscribing to 3448 Equity Shares through a rights issue at an issue price of Rs 30,555.55 per share.The acquisition relates to RSSIPL, which operates in the water and wastewater treatment sector. The investment is designated to finance the capital expenditure requirements for RSSIPL’s brownfield expansion project at Vasai, aligning with the objects disclosed in Concord Enviro Systems Limited's Prospectus dated December 23, 2024.
RSSIPL, which falls under the industry of water and wastewater treatment, specializes in manufacturing water treatment systems, water pollution control equipment, bio filters, resource recovery systems using membrane technology, along with associated operational and maintenance services. The company has been incorporated since November 19, 1991.
The investment involved purchasing shares at a premium of Rs 30,455.55 per share over the face value of Rs 100.00 per share, for a total consideration of Rs 10.54 Crores. Following this transaction, RSSIPL will continue to be a wholly-owned subsidiary of Concord Enviro Systems Limited, with no change in the percentage of shareholding or control.
Financial performance details for Rochem Separation Systems (India) Private Limited are as follows:
| Financial Metric | 2025-26 (Rs. in Crores) | 2024-25 (Rs. in Crores) | 2023-24 (Rs. in Crores) |
|---|---|---|---|
| Turnover | 402.08 | 406.95 | 347.35 |
CEWATER Stock Price Movement
Today, Concord Enviro Systems Limited shares gained 4.48% in post-market trading, settling at ₹319.50 after closing today. The equity saw activity of 84,442 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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