NCLT Sanctions Merger of Advanced Rail Controls into Concord Control Systems
Concord Control Systems Limited announced that the National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation involving Advanced Rail Controls Private Limited. The approval marks a significant step toward merging Advanced Rail Controls Private Limited into Concord Control Systems Limited.The Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench, Prayagraj, approved the second motion order for the merger and amalgamation of Advanced Rail Controls Private Limited, a wholly owned subsidiary company, with Concord Control Systems Limited. The Tribunal passed the order on April 15, 2026.
The scheme involves the merger of Advanced Rail Controls Private Limited (the Transferor Company) with Concord Control Systems Limited (the Transferee Company).
Key Transaction Details
The two companies involved in the merger are:| Company Role | Company Name | Status / Relationship |
|---|---|---|
| Transferor Company | Advanced Rail Controls Private Limited | Wholly Owned Subsidiary |
| Transferee Company | Concord Control Systems Limited | Public Limited listed company |
The Tribunal determined that the proposed Scheme of Amalgamation complied with the requirements stipulated under the relevant sections of the Companies Act, 2013, following review of various statutory filings and reports.
Operational Continuity and Binding Nature
The NCLT order specifies that upon the Scheme becoming effective, all assets, liabilities, rights, and obligations, along with the entire business and undertakings of the Transferor Company, shall transfer and vest in Concord Control Systems Limited without any further act or deed.Furthermore, the order confirms several critical aspects related to business continuity:
- All liabilities and duties of Advanced Rail Controls Private Limited will transfer to Concord Control Systems Limited.
- All employees of the Transferor Company will become the employees of the Transferee Company without any interruption in service.
- All proceedings pending by or against the Transferor Company will continue by or against Concord Control Systems Limited.
The merger is set to become effective upon the completion of the merger/amalgamation subsequent to the passing of the second motion orders by both parties.
Stock Price Movement
At the close of trade on Friday, Concord Control Systems Ltd settled at ₹2573.35, slipping down 0.13%. Throughout the day, shares tested a noticeable intraday range, swinging between a low of ₹2544.00 and a peak of ₹2700.00.Source:
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