Subsidiary6 Mar 2026, 07:11 pm
DRC Systems India Ltd's Stake in Subsidiary Diluted, Now an Associate
AI Summary
DRC Systems India Ltd has announced that its stake in the subsidiary company, Inexture Solutions Limited, has been diluted from 50.02% to 49.18% due to the allotment of further Equity Shares by Inexture. This change in stake has resulted in Inexture being considered as an Associate and not a subsidiary of DRC Systems India Ltd, effective from March 06, 2026. This information is in accordance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is also available on the company's website.
Key Highlights
- DRC Systems India Ltd's stake in Inexture Solutions Limited has been diluted from 50.02% to 49.18%.
- Inexture Solutions Limited is now considered an Associate and not a subsidiary of DRC Systems India Ltd.
- The change in stake is due to the allotment of further Equity Shares by Inexture.
- The new stake percentage is 49.18% (indirectly).
- The effective date of this change is March 06, 2026.