DRC Systems India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
DRCSYSTEMS · price
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DRC Systems India Limited has submitted a compliance filing under Regulation 32 confirming no deviation or variation in the use of proceeds from a Preferential Issue. The company raised Rs. 25 crore through equity shares on October 28, 2025, and has now fully deployed the entire amount by March 31, 2026. The funds were allocated across four areas: Rs. 2 crore for working capital, Rs. 13 crore for prepayment/repayment of liabilities, Rs. 3.75 crore for investments including subsidiaries, and Rs. 6.25 crore for general corporate purposes. The Audit Committee reviewed and the Board of Directors approved the utilization statement on May 18, 2026. Since all proceeds are fully utilized, no further deviation statements will be filed.
This is a positive compliance confirmation indicating the company deployed its raised capital as promised without any deviation. Shareholders can be assured that the Rs. 25 crore raised through preferential issue was used according to the disclosed objects approved in the August 2025 AGM notice.