DCX Systems: No Deviation in IPO/QIP Fund Utilization as of June 30, 2026

DCX Systems Limited has confirmed no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) and Qualified Institutional Placement (QIP) as of June 30, 2026. The IPO, which raised ₹400.00 Crs, had net proceeds of ₹373.03 Crs available for utilization. The QIP, raising ₹500.00 Crs, had net proceeds of ₹486.65 Crs. The company's utilization reports, reviewed by the Audit Committee, show funds allocated to debt repayment, working capital, subsidiary investment, and general corporate purposes have been utilized as planned, with no significant variances reported for the quarter ended June 30, 2026. The monitoring agency for both issuances is CARE Ratings Limited.