DCX Systems Limited, a prominent player in the defense manufacturing sector, has taken a significant step towards expanding its operations in Tamil Nadu. The company recently signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the 'T N Rising Investment Conclave' held on September 11, 2025, in Hosur.

Joint Venture and Manufacturing Facility

The MoU outlines plans to establish a state-of-the-art manufacturing facility for a joint venture company (JVC) in Hosur, Tamil Nadu. This development follows DCX Systems' prior joint venture agreement with ELTA Systems Ltd, Israel, executed on April 21, 2025. The facility will focus on producing:

• Airborne Maritime Radar Systems
• Fire Control Radar Systems
• Other Radar Systems for Airborne and Land applications

These products will be manufactured under the 'Make in India' initiative, aligning with the country's push for self-reliance in defense technology.

Strategic Location and Government Support

The choice of Hosur for the manufacturing facility is strategic, as it is located in one of India's Defense Industrial Corridors. This aligns with the Tamil Nadu Industrial Policy 2021 and the Tamil Nadu Aerospace and Defence Industrial Policy 2022, demonstrating the state's commitment to fostering growth in the defense sector.

'Guidance', the Tamil Nadu government's nodal agency, will play a crucial role in supporting the joint venture. As per the MoU, Guidance will provide:

• Infrastructural support
• Regulatory facilitation
• Assistance in obtaining necessary permissions, registrations, and approvals
• Support in securing relevant incentives

Implications for DCX Systems

This MoU marks a significant milestone for DCX Systems Limited, potentially enhancing its manufacturing capabilities and strengthening its position in the defense sector. The company's move to set up a facility in Tamil Nadu's Defense Industrial Corridor could lead to improved operational efficiency and closer alignment with India's defense manufacturing goals.

Official Disclosure

In compliance with regulatory requirements, DCX Systems Limited has officially disclosed this development to the stock exchanges. Gurumurthy Hegde, the Company Secretary, Legal and Compliance Officer, signed the disclosure document on September 12, 2025.

The establishment of this new manufacturing facility in Hosur represents a strategic move for DCX Systems, potentially opening up new opportunities in the defense manufacturing sector while contributing to the economic growth of Tamil Nadu.

DCX Systems Limited , a prominent player in the aerospace and defense electronics sector, has announced significant changes to its leadership team. The company's board meeting on August 18, 2025, resulted in two major decisions that are set to reshape its executive structure.

CFO Resignation

Mr. Diwakaraiah N J, who has been serving as both Executive Director and Chief Financial Officer (CFO) of DCX Systems, has tendered his resignation. The board has acknowledged his decision, which will take effect from the close of business hours on August 31, 2025. Mr. Diwakaraiah had submitted his resignation letter on July 31, 2025, giving the company a month's notice.

In light of this development, DCX Systems has stated that they will appoint a new Chief Financial Officer in due course and will inform the stock exchanges accordingly.

New Director Appointment

Simultaneously, the board has approved the appointment of Mr. Gopinath Vedaprakash as an Additional Whole-Time Director. This appointment, which is subject to shareholder approval, will be effective from September 1, 2025.

Mr. Vedaprakash brings a wealth of experience to his new role at DCX Systems:

• He holds a bachelor's degree in Electronics Engineering.
• Boasts 37 years of experience in Business Development, Manufacturing Operations, and Technical expertise.
• Has worked extensively with multicultural and multinational electronics industries catering to Defense, Aerospace, Space, Industrial, and Transportation verticals.
• Prior to joining DCX Systems, he spent over 5 years at Tata Advanced Systems Limited as Head of Business Development & Government Relations for Weapons, Sensors, and Satellites, as well as Head of International Business Development for Land Mobility.
• His career includes a 7-year stint at Bharat Electronics Limited (BEL) in Bangalore, followed by 2 years at Seagate Technology International in Singapore, working in hard disk drive manufacturing.
• Notably, Mr. Vedaprakash had a 23-year tenure at Centum Electronics, where he held various leadership positions.

Implications for DCX Systems

These leadership changes come at a crucial time for DCX Systems, as the company continues to strengthen its position in the aerospace and defense electronics market. The appointment of Mr. Vedaprakash, with his extensive experience in the sector, signals the company's intent to further enhance its capabilities and market presence.

The board's decision to bring in a seasoned professional like Mr. Vedaprakash, particularly with his background in business development and international operations, may indicate DCX Systems' ambitions for expansion and growth in the global market.

As the company transitions through these changes, stakeholders will be keenly watching how the new leadership structure impacts DCX Systems' strategic direction and operational efficiency in the coming months.

The company has assured that all necessary disclosures have been made in compliance with SEBI regulations, and the appointment of Mr. Vedaprakash will be placed before the shareholders for their approval in due course.

DCX Systems Limited continues to operate from its registered office at the Aerospace SEZ Sector in Hitech Defence and Aerospace Park, Bengaluru Rural, Karnataka.