DRC Systems India Limited has approved the acquisition of a 49% stake in Skizzle Technolabs India Private Limited for up to ₹2 crore, while simultaneously authorizing the sale of its entire 49.18% holding in Inexture Solutions Limited.

The decision was taken at the company's board meeting held on October 14, 2026. The move marks a shift in strategy for the Skizzle investment, which was initially proposed as a fresh capital infusion but will now proceed as a secondary market purchase from existing shareholders.

Acquisition of Skizzle Technolabs

The board revised the earlier proposal dated May 18, 2026, which had contemplated a direct investment of up to ₹2 crore. Instead, the company will acquire the 49% equity stake directly from existing shareholders for an aggregate consideration not exceeding ₹2 crore. Post-acquisition, Skizzle Technolabs will become an associate company of DRC Systems.

The transaction is scheduled to be completed in one or more tranches by March 31, 2027. This timeline is subject to the completion of due diligence, execution of definitive agreements, and receipt of any applicable regulatory approvals. The company confirmed that this transaction does not constitute a related party transaction, as neither the promoters nor the promoter group hold an interest in Skizzle.

Divestment of Inexture Solutions

Concurrently, the board approved the disinvestment of its entire 49.18% stake in Inexture Solutions Limited, an existing associate company. Upon completion of this sale, Inexture will cease to be an associate of DRC Systems.

The disclosure details indicate that the agreement for the sale is expected to be entered into on or before October 26, 2026, with the disposal expected to conclude within 60 days. The consideration for this divestment is capped at ₹1.02 crore.

Financial Context of Divestment

For the financial year ended March 31, 2026, Inexture Solutions reported a turnover of ₹1,902.88 lakh and a net worth of ₹195.17 lakh. As an associate company, these figures were not consolidated into DRC Systems' financial statements under previous accounting standards.

What the Numbers Show

A comparison of the two transactions reveals a significant divergence in valuation relative to scale. DRC Systems is deploying up to ₹2 crore for a 49% stake in Skizzle, whereas it is exiting its 49.18% stake in Inexture for a maximum of ₹1.02 crore. Given that Inexture generated over ₹1,900 lakh in turnover in FY26, the exit price implies a low multiple relative to revenue, suggesting either a distressed asset sale or a strategic pivot away from lower-margin operations. Conversely, the higher allocation to Skizzle indicates a premium placed on that entity's potential or asset base, despite the lack of disclosed financial metrics for Skizzle in this filing.

DRC Systems India has declared the voting results for its 14th Annual General Meeting held on September 17, 2026. All four resolutions placed before shareholders were approved with overwhelming support, securing more than 99.99% affirmative votes across the board.

The meeting was conducted through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI guidelines. Hiten Barchha, Managing Director, chaired the proceedings in the absence of Chairman Keyur Shah. Jainam Shah, Company Secretary, confirmed that the requisite quorum was present.

Voting Participation

As of the record date of September 10, 2026, the company had 28,524 shareholders. A total of 11,04,96,613 votes were polled out of 14,40,81,330 outstanding shares, representing a participation rate of 76.69%. The promoter group held 2,97,23,280 shares and voted in favor of all resolutions.

Remote e-voting was facilitated from September 13 to September 16, 2026. Members attending the VC/OAVM session who had not voted remotely were also provided e-voting facilities. SPANJ & Associates acted as the scrutinizer for the voting process.

Resolution Results

Shareholders approved both ordinary and special resolutions during the meeting. The primary items included the adoption of standalone and consolidated financial reports for FY26 and the reappointment of key board members.

Scrutinizer Report

The consolidated report from the scrutinizer confirmed that no invalid votes were recorded for any resolution. There were no abstentions. The voting process complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Statutory and secretarial auditors reported no qualifications in their respective reports for the fiscal year ended March 31, 2026. The annual report and related documents were made available electronically to registered members.