StockWatch
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Computers - Software & Consulting
Divestment14 Oct 2026, 01:00 pm

DRC Systems Divests 49.18% Stake in Inexture Solutions

AI Summary

DRC Systems India Ltd announced its Board of Directors has approved the disinvestment of its entire 49.18% stake in its associate company, Inexture Solutions Limited. The transaction is expected to be completed by March 31, 2027. Inexture Solutions contributed Rs. 1,902.88 Lakhs in turnover and Rs. 195.17 Lakhs in net worth as of March 31, 2026. The sale consideration is not expected to exceed Rs. 1.02 Crores. The buyers are individuals and not related to the promoter group. Separately, the board also approved acquiring a 49.00% stake in Skizzle Technolabs India Private Limited for up to Rs. 2 Crores, making it an associate company.

Key Highlights

  • DRC Systems to divest entire 49.18% stake in Inexture Solutions.
  • Disinvestment consideration not to exceed Rs. 1.02 Crores.
  • Inexture contributed Rs. 1,902.88 Lakhs turnover and Rs. 195.17 Lakhs net worth.
  • Transaction not a related party deal.
  • DRC Systems also approved acquiring 49% in Skizzle Technolabs.