The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shiv Minechem
DRCSYSTEMS · price
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Shiv Minechem, a non-promoter partnership firm, acquired 1,00,00,000 (1 crore) equity shares of DRC Systems India Ltd through a preferential allotment on October 28, 2025. This gives Shiv Minechem a 6.94% stake in the company (6.93% on a diluted basis), up from zero shares held prior to the transaction. The preferential issue also expanded DRC Systems' equity share capital from Rs. 13.41 crore (13.41 crore shares) to Rs. 14.41 crore (14.41 crore shares). The disclosure was filed by Vinay Dangar and Raj Ahir as Partners of Shiv Minechem. The acquirer is explicitly stated to NOT belong to the promoter or promoter group of DRC Systems India. The shares are listed on both BSE and NSE.
A new non-promoter external investor (Shiv Minechem) has built a sizable 6.94% stake in DRC Systems through a preferential issue, which dilutes existing shareholders but may bring fresh capital and a strategic backer to the small-cap company. The acquirer's stake is now within the 5-10% creeping acquisition band, meaning any further acquisitions will require additional disclosures and could trigger open offer obligations if the 10% threshold is crossed.