DRC Systems India Limited has informed the Exchange about Acquisition
DRCSYSTEMS · price
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DRC Systems India's board has approved acquiring a stake of up to 50.10% in Inexture Solutions Limited for a cash consideration not exceeding Rs. 1 crore, making it a subsidiary. Inexture is a technology company specializing in custom software development, web and mobile applications, enterprise solutions, and cloud services, with a turnover of Rs. 812.97 lakhs in FY2023-24. The deal is expected to close within 60 days, subject to due diligence, and is not a related party transaction. DRC Systems aims to strengthen its technological capabilities and service offerings through this acquisition, which aligns with its core IT business.
This is a small, tuck-in acquisition for DRC Systems — the deal size (under Rs. 1 crore) is modest relative to typical corporate acquisitions, and limited financial details on the target are available since Inexture was incorporated only in late 2023. Shareholders should view this as a capability-enhancing move in line with the company's core IT business rather than a major value-driver, with no immediate material impact expected on stock price.