DRC Systems India Limited has informed the Exchange regarding Change in Director(s) of the company.
DRCSYSTEMS · price
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DRC Systems India's board, at its meeting on August 26, 2025, approved a preferential issue of up to 1 crore equity shares at Rs. 25 per share (face value Re. 1, premium Rs. 24) to Shiv Minechem, raising up to Rs. 25 crores. Post-issue, Shiv Minechem will hold 6.94% of the company. The board also approved reappointment of three independent directors — Mr. Keyur Shah, Mr. Jigar Shah, and Ms. Dipti Chitale — for a second five-year term starting December 2025. Additionally, the authorized share capital was increased from Rs. 15 crores to Rs. 17.5 crores. The 13th AGM is scheduled for September 25, 2025 via video conferencing. All key decisions are subject to shareholder approval.
The Rs. 25 crore preferential issue at a significant premium to face value brings in a new non-promoter investor (Shiv Minechem) at 6.94% stake, providing fresh capital but also causing modest dilution for existing shareholders. Reappointment of all three independent directors signals board continuity rather than governance turbulence.