Quarterly Updates18 May 2026, 12:42 pm
DRC Systems: No Deviation in Preferential Issue Funds
AI Summary
DRC Systems India Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended March 31, 2026. The funds, raised on October 28, 2025, were fully utilized as per the objects stated in the AGM notice dated August 26, 2025. The audit committee reviewed the statement, and the Board of Directors approved it on May 18, 2026. No further deviation statements will be submitted as the proceeds are fully utilized.
Key Highlights
- DRC Systems confirms no deviation in use of preferential issue proceeds for Q4 FY26.
- Funds fully utilized as per original objectives outlined in AGM notice.
- Audit Committee reviewed and Board approved the statement on May 18, 2026.
- Preferential issue raised ₹25,00,00,000 on October 28, 2025.
- No further deviation statements needed as funds are fully utilized.
Price Impact
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