DRC Systems India Limited will hold its 14th Annual General Meeting (AGM) on Thursday, September 17, 2026, at 11:00 a.m. IST. The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), allowing shareholders to attend and vote remotely in compliance with Ministry of Corporate Affairs circulars. This virtual format ensures broader accessibility for members while adhering to regulatory standards set by the Securities and Exchange Board of India (SEBI). The stakes for shareholders involve timely participation to vote on agenda items outlined in the AGM notice, which is critical for corporate governance decisions.

The company published newspaper advertisements in Financial Express (English - National Daily All Editions) and Financial Express (Gujarati Edition) on August 8, 2026, to intimate stakeholders of the meeting details. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice is also available on the company’s website at www.drcsystems.com , as well as on the BSE Limited and National Stock Exchange of India Limited websites.

Meeting Logistics and Shareholder Instructions

Shareholders holding shares as on the cut-off date for dispatch will receive the Notice of the AGM on their registered email addresses. The Annual Report along with the AGM notice will be circulated via email only to those members whose email addresses are registered with the Company, Depository Participants (DP), or Registrar to an Issue and Share Transfer Agent (RTA). Members who have not registered their email IDs will receive a letter providing a web-link to access the Annual Report.

The company has enabled e-voting facilities prior to and during the AGM. Instructions for joining the meeting via VC/OAVM and participating in e-voting will be provided alongside the Notice and Annual Report. Shareholders without registered email addresses must take specific steps to ensure they receive these materials:

Regulatory Compliance and Governance

The AGM is being convened in accordance with the Companies Act, 2013, and relevant SEBI regulations. Jainam Shah, Company Secretary of DRC Systems India Limited, signed the communication dated August 7, 2026, from Gandhinagar. The company’s Registrar and Transfer Agent, MUFG Intime India Private Limited, will facilitate the e-voting process through its platform at https://instavote.linkintime.co.in .

This procedural announcement ensures that all eligible shareholders are informed of their right to participate in the decision-making process of the company. The use of VC/OAVM reflects the ongoing shift towards digital engagement in Indian corporate governance, reducing logistical barriers for remote investors while maintaining strict compliance with statutory requirements.

DRC Systems India reported a 28% year-on-year increase in consolidated net profit to ₹555.5 lakh for the quarter ended June 30, 2026, as revenue from operations grew by the same margin to ₹2,338.4 lakh. The Gandhinagar-based IT services provider maintained an EBITDA margin of 33%, reflecting stable profitability despite broader industry headwinds. The results were approved by the Board of Directors on August 06, 2026.

The company’s standalone net profit rose 8% year-on-year to ₹82.2 lakh, with revenue increasing 16% to ₹1,331.7 lakh. Consolidated earnings per share (basic) stood at ₹0.39, up from ₹0.33 in the corresponding quarter of the previous year. Statutory Auditors Rajpara Associates issued a limited review report on the financial statements, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Financial Performance

Consolidated revenue grew significantly, aided by sustained demand across key verticals including digital learning and enterprise solutions. Profit before tax increased 19% year-on-year to ₹583.3 lakh. Other income contributed ₹113.8 lakh, compared to ₹5.2 lakh in the prior year quarter, boosting total income to ₹2,452.2 lakh.

Standalone contracting expenses rose to ₹711.4 lakh from ₹504.9 lakh year-on-year, while employee benefit expenses remained flat at ₹419.3 lakh. Finance costs declined sharply to ₹13.4 lakh from ₹1.1 lakh in the prior period, though this reflects lower absolute borrowing rather than a rate change.

Strategic Shifts and Leadership

The Board approved the re-appointment of Hiten Ashwin Barchha as Managing Director for three years, effective November 09, 2026, subject to shareholder approval. Janmaya Preyas Pandya was re-appointed as Executive Director for three years, effective January 06, 2027. Both directors are not related to any other Key Managerial Personnel.

Management highlighted a strategic pivot from traditional Learning Management Systems (LMS) to AI-powered Learning Experience Platforms (LXP). The company has completed an enterprise-wide rollout of AI across its software development lifecycle, aiming to improve engineering productivity and delivery quality. This IP-led approach is intended to differentiate DRC Systems in the global EdTech and corporate learning markets.

What the Numbers Show

The divergence between revenue growth (28%) and EBITDA growth (18%) indicates a compression in operating margins, which fell to 33% from 35% in the prior year quarter. However, the net margin held steady at 23%, supported by a significant jump in other income. While core operational leverage is present, the reliance on non-operating income to sustain net profit growth warrants monitoring in subsequent quarters as the company invests in AI infrastructure.