DCX Systems has invested ₹84.32 crores in its associate company ELTX Systems Private Limited through a rights issue. The investment involved the acquisition of 234,229 equity shares at a premium of ₹3,590 per share, aggregating to ₹84,32,24,400. The equity shares were allotted on July 14, 2026, and the transaction was conducted on an arm's length basis.

Investment Details

The key parameters of the investment are outlined below:

Strategic Significance

By investing ₹84.32 crores in ELTX Systems, DCX Systems reinforces its position as a significant stakeholder, holding a 37% ownership in the company. The acquisition of 234,229 shares at ₹3,590 each highlights the scale of DCX Systems' financial commitment to ELTX Systems. This investment is a part of the utilization of the Qualified Institutional Placement (QIP) proceeds as specified in the QIP Placement document dated January 19, 2024, towards the fulfilment of the company’s growth strategies. The funds will be utilised to meet ELTX's working capital and other business and operational requirements.

Entity Background

ELTX Systems Private Limited is an Associate and Joint Venture of DCX Systems, formed in partnership with ELTA Systems Limited, Israel. The entity belongs to the Defence and Aerospace Industry and focuses on the design, development, and manufacture of integrated electronic systems, command and control systems, and radar and EW systems. As of March 31, 2026, the entity reported a paid-up share capital of INR 2.5 Mn and a net worth of INR 1.19 Mn.

DCX Systems Limited and its wholly-owned subsidiary, Raneal Advanced Systems Pvt. Ltd., have secured purchase orders worth INR 47.58 Crores in the normal course of business. The orders are for the manufacture and supply of cable and wire harness assemblies, as well as printed circuit board assemblies, catering to both domestic and export markets. This development reinforces the company's engagement across the defence and electronics supply chains.

Latest Order Breakdown

The following table presents the details of the latest orders received by DCX Systems and its subsidiary:

Earlier Orders

Prior to these latest wins, DCX Systems and its wholly-owned subsidiary had secured purchase orders totaling INR 435.85 Crores. The major component of that order book was an export order for the supply of electronic kits valued at INR 409.40 Crores, along with orders for cable and wire harness assemblies worth INR 22.43 Crores covering both domestic and export markets. Raneal Advanced Systems had also received orders worth INR 4.02 Crores for the manufacture and supply of printed circuit board assemblies at that time.

The following table summarises the previously reported orders:

These recurring order wins across electronic kits, cable and wire harness assemblies, and printed circuit board assemblies reflect DCX Systems' continued engagement across both domestic and export defence and electronics supply chains.