DRC Systems India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2025.
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DRC Systems India's board approved a preferential issue of 1 crore equity shares at Rs. 25 per share (face value Re. 1, premium Rs. 24) to Shiv Minechem, a non-promoter entity, for up to Rs. 25 crores in cash. After allotment, Shiv Minechem will hold 6.94% of the company's expanded equity base. To enable this, the board also cleared raising the authorised share capital from Rs. 15 crores to Rs. 17.5 crores, requiring shareholder approval. Additionally, three Independent Directors – Mr. Keyur Shah, Mr. Jigar Shah, and Ms. Dipti Chitale – were re-appointed for a second 5-year term starting December 2025. The 13th Annual General Meeting has been scheduled for September 25, 2025, via video conferencing.
The Rs. 25 crore preferential allotment to a single non-promoter entity will dilute existing shareholders by roughly 6.94%, though the fresh capital could support growth if deployed productively. Shareholders will need to vote on the preferential issue and the authorised capital increase at the upcoming AGM.