DRC Systems India concluded its 14th Annual General Meeting on September 17, 2026, approving the audited financial statements for the fiscal year ended March 31, 2026. 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, who could not attend due to prior commitments. Jainam Shah, Company Secretary, confirmed that the requisite quorum was present and all businesses set out in the notice were duly transacted.

Key Resolutions Passed

Shareholders approved both ordinary and special resolutions during the brief meeting, which commenced at 11:01 am and concluded at 11:08 am. The primary items included the adoption of standalone and consolidated financial reports and the reappointment of board members.

Voting and Compliance

The company facilitated remote e-voting from September 13, 2026, at 9:00 am to September 16, 2026, at 5:00 pm. Members present during the VC/OAVM session who had not voted remotely were also provided e-voting facilities. The final voting results, as per Regulation 44 of the SEBI Listing Regulations, will be submitted separately to the exchanges and uploaded to the company website.

Statutory and secretarial auditors reported no qualifications in their respective reports. The annual report and related documents were made available electronically to registered members and on the company’s website.

DRC Systems India Limited has scheduled its 14th Annual General Meeting for Thursday, September 17, 2026, at 11:00 am IST via Video Conferencing / Other Audio-Visual Means. The meeting follows the release of the company's Annual Report for FY 2025-26, which recorded a historic high in consolidated revenue.

The company dispatched the Annual Report and AGM notice electronically on August 20, 2026, to members with registered email addresses. A newspaper advertisement regarding the meeting was published in Financial Express on August 21, 2026.

FY 2025-26 Consolidated Financial Performance

DRC Systems India reported robust growth across all key consolidated financial metrics for FY 2025-26. Revenue from operations grew 46.1% year-on-year, EBITDA rose 33.6%, and profit after tax increased 28.2%.

On a standalone basis, revenue from operations rose to ₹4,865.59 lakhs from ₹4,238.99 lakhs in FY 2024-25, an increase of 15%. Standalone profit for the year stood at ₹344.41 lakhs, compared to ₹425.82 lakhs in the prior year.

Five-Year Consolidated Revenue Trend

The company's consolidated revenue has grown nearly five-fold over four years, from ₹1,950.1 lakhs in FY 2021-22 to ₹9,550.5 lakhs in FY 2025-26.

Key Expense Movements

Consolidated contracting expenses rose 53.0% to ₹3,016.88 lakhs in FY 2025-26 from ₹1,972.09 lakhs in FY 2024-25, representing 31.6% of operating revenue. Employee benefit expenses increased 52.0% to ₹3,022.84 lakhs, accounting for 31.7% of operating revenue. Depreciation and amortisation expenses rose 58.4% to ₹680.46 lakhs, while other expenses increased 38.3% to ₹695.79 lakhs. Finance costs rose to ₹52.68 lakhs from ₹4.78 lakhs. Other income increased significantly to ₹201.31 lakhs from ₹34.39 lakhs, primarily on account of interest income and foreign exchange fluctuation gains.

AGM Schedule and E-Voting Details

The 14th AGM will be conducted through VC/OAVM in compliance with applicable MCA and SEBI circulars. Remote e-voting will be facilitated by MUFG Intime India Private Limited via the InstaVote platform. Members who have not registered their email addresses are requested to do so with their Depository Participant or RTA.

AGM Agenda

The ordinary business at the AGM includes adoption of audited standalone and consolidated financial statements for FY 2025-26 and re-appointment of Mr. Sanket Khemuka (DIN: 06910440) as a director liable to retire by rotation.

Special business includes:

• Re-appointment of Mr. Hiten Ashwin Barchha (DIN: 05251837) as Managing Director for a further period of 3 years with effect from November 09, 2026, at remuneration not exceeding Rs. 1.50 Crore per annum
• Re-appointment of Mr. Janmaya Preyas Pandya (DIN: 09019756) as Executive Director for a further period of 3 years with effect from January 06, 2027, at remuneration not exceeding Rs. 1.00 Crore per annum

Dividend and Capital Changes

The Board has not recommended any dividend for FY 2025-26, citing the need to conserve resources for business expansion. During the year, the company's issued, subscribed and paid-up equity share capital increased from Rs. 1,336.94 lakhs to Rs. 1,440.81 lakhs, following the allotment of 3,87,000 equity shares under the DRC Employee Stock Option Plan 2021-22 and a preferential issue of 1,00,00,000 equity shares at Rs. 25/- per share to Shiv Minechem, aggregating to Rs. 25 Crores.

Subsidiary and Associate Update

During FY 2025-26, the company acquired a 50.02% equity stake in Inexture Solutions Limited on August 13, 2025, making it a subsidiary. Subsequently, following allotment of additional equity shares by Inexture to other shareholders, the company's stake was diluted to 49.18%, and Inexture became an associate with effect from March 07, 2026. The company's two wholly owned subsidiaries — DRC Systems EMEA LLC-FZ (UAE) and DRC Systems USA LLC — remain fully consolidated. DRC Systems EMEA LLC-FZ reported a turnover of ₹3,342.99 lakhs and profit after tax of ₹1,683.66 lakhs for the period.

CSR and Workforce

DRC Systems spent Rs. 6.50 lakhs on CSR activities in FY 2025-26, against an obligation of Rs. 6.48 lakhs, primarily towards promoting education and healthcare. As of March 31, 2026, the company had a total workforce of 197 employees, with women comprising 23% of the total. The Annual Report for FY 2025-26 is available on the company's website at www.drcsystems.com .