DRC Systems India Limited , a company listed on both BSE and NSE, has successfully raised Rs 25.00 crore through a preferential share allotment. The company's Securities Allotment Committee approved the issuance of 1 crore equity shares to Shiv Minechem, a non-promoter entity, at a price of Rs 25.00 per share.

Key Details of the Share Allotment

Impact on Share Capital

The preferential allotment has resulted in an increase in DRC Systems India's paid-up equity share capital. Following the issuance:

• Previous paid-up capital: 13,40,81,330 equity shares
• New paid-up capital: 14,40,81,330 equity shares

This represents an increase of approximately 7.46% in the company's total number of outstanding shares.

Regulatory Compliance and Approvals

The share allotment adheres to several regulatory requirements:

1. It follows a special resolution passed at the Annual General Meeting held on September 25, 2025.
2. The company obtained in-principle approvals from both BSE Limited and the National Stock Exchange of India Limited.
3. The allotted shares will be subject to lock-in requirements as specified under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Listing and Trading

DRC Systems India has confirmed that the newly allotted shares will be listed on both the BSE and NSE, allowing for their trading on these exchanges subject to regulatory lock-in periods.

This capital raise through preferential allotment may provide DRC Systems India with additional funds for its business operations or expansion plans.

DRC Systems India Limited, a leading IT solutions provider, has announced significant corporate actions following a board meeting. The company has approved a preferential issue of equity shares and the reappointment of three independent directors, subject to shareholder approval.

Preferential Issue to Raise Rs. 25 Crore

The board of DRC Systems India has given the green light for a preferential issue of 1 crore equity shares at Rs. 25.00 per share to Shiv Minechem. This move is set to raise Rs. 25.00 crore for the company. The equity shares, with a face value of Re. 1.00 each, will be issued at a premium of Rs. 24.00 per share.

Post-allotment, Shiv Minechem is expected to hold a 6.94% stake in DRC Systems India. This strategic investment could potentially bring new opportunities and resources to the company.

Reappointment of Independent Directors

In a move to maintain continuity in its governance structure, the board has approved the reappointment of three independent directors for second terms of five years each:

1. Mr. Keyur Jagdishchandra Shah
2. Mr. Jigar Pradipchandra Shah
3. Ms. Dipti Abhijeet Chitale

The reappointments are subject to shareholder approval. These directors bring experience in various fields, including corporate finance, merchant banking, insolvency resolution, and cross-cultural communication.

Increase in Authorized Share Capital

To accommodate the new share issuance, the board has approved an increase in the company's authorized share capital. The capital will be raised from Rs. 15.00 crore to Rs. 17.50 crore through the creation of an additional 2.5 crore equity shares of Re. 1.00 each.

Annual General Meeting

DRC Systems India has scheduled its 13th Annual General Meeting (AGM). The meeting will be conducted through video conferencing or other audio-visual means, in line with modern corporate practices.

These corporate actions reflect DRC Systems India's efforts to strengthen its financial position and maintain strong corporate governance. The preferential issue could provide the company with additional capital for growth initiatives, while the reappointment of experienced independent directors aims to ensure continued strategic guidance.