DCX Systems Limited has announced a postal ballot notice dated April 09, 2026, seeking shareholder approval for material related party transactions with ELTX Systems Private Limited. The company requires member approval for transactions valued at ₹2,000 crores during financial year 2026-27.

Regulatory Compliance and Publication

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, DCX Systems published newspaper advertisements regarding the postal ballot notice and remote e-voting information on April 10, 2026. The advertisements appeared in Financial Express (English) and Samyukta Karnataka (Kannada) newspapers, ensuring compliance with regulatory disclosure requirements.

Transaction Details and Scope

The proposed related party transactions encompass multiple business activities conducted in the ordinary course of business on an arm's length basis. The transactions include purchase and sale of goods, materials, and products, availing and rendering of operational, technical, and support services, purchase and sale of fixed assets including plant, machinery, and equipment, and other operating revenue, income recovery, and expense reimbursements.

ELTX Systems Private Limited serves as an associate company and joint venture of DCX Systems, established in partnership with ELTA SYSTEMS LIMITED, Israel. The entity operates as a critical technology partner and supplier for RADAR and EW Systems, which form integral components of DCX Systems' core business operations.

Financial Impact and Regulatory Context

Based on DCX Systems' consolidated turnover of ₹1,083.67 crores for FY 2024-25, the proposed transaction represents approximately 184.56% of the company's annual consolidated turnover. This classification renders the transaction material under SEBI Listing Regulations, requiring shareholder approval through ordinary resolution.

E-Voting Schedule and Process

The company has established a comprehensive e-voting timeline for shareholder participation:

Shareholders can access the e-voting platform through https://instavote.linkintime.co.in , with MUFG Intime India Private Limited serving as the registrar and share transfer agent. The company has appointed Mr. Pramod S (ACS No. 36020) as the scrutinizer to conduct the postal ballot process.

Strategic Business Rationale

The collaboration with ELTX enables DCX Systems to leverage shared technical expertise, integrated supply chains, and specialized manufacturing capabilities. This partnership supports the company's participation in Make-In-India and Atmanirbhar Bharat programs for supplying to Indian Armed Forces, Defence Public Sector Undertakings (DPSUs), and large corporates.

With background technology transfer from ELTA SYSTEMS LTD to ELTX, the joint venture enhances DCX Systems' capability for greater market opportunities while enabling mutual growth through enhanced technical and manufacturing capabilities. The transactions are designed to optimize procurement processes, improve operational efficiency, and create long-term shareholder value.

DCX Systems Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI depositories regulations. The aerospace and defense company filed the mandatory certificate for the quarter ended March 31, 2026, demonstrating its commitment to regulatory compliance.

Regulatory Compliance Submission

The company submitted the certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Company Secretary Gurumurthy Hegde communicated the submission to both BSE Limited and National Stock Exchange of India Ltd on April 03, 2026.

Certificate Confirmation Details

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance certificate dated April 01, 2026. The certificate confirms that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

Key confirmations included in the certificate:

• Securities received for dematerialization were confirmed or rejected to depositories
• All securities were listed on stock exchanges where previously issued securities are listed
• Security certificates received were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members within prescribed timelines

Corporate Information

DCX Systems Limited operates from its registered office at Aerospace SEZ Sector, Hitech Defence and Aerospace Park in Bengaluru Rural, Karnataka. The company holds AS 9100D certification and maintains its corporate compliance through designated officers including Company Secretary Gurumurthy Hegde, who serves as Legal & Compliance Officer.

Administrative Process

The submission represents standard quarterly compliance requirements for listed companies. MUFG Intime India Private Limited, formerly Link Intime India Private Limited, continues to serve as the company's registrar, ensuring proper maintenance of shareholder records and compliance with depository regulations. The certificate submission maintains DCX Systems' good standing with regulatory authorities and stock exchanges.