DRC Systems India: No Deviation in Preferential Issue Funds for Q3 FY26
DRC Systems India Limited reported no deviation in the utilization of ₹25 crore raised via preferential issue for the quarter ended December 31, 2025. Funds were allocated for working capital, debt repayment, investments, and general corporate purposes. The Audit Committee and Board of Directors approved the statement on February 4, 2026.
This announcement is a standard regulatory filing and does not indicate any new business developments, financial performance changes, or significant corporate actions that would materially impact the company's stock or operations.
The announcement is a routine compliance filing stating no deviation in fund utilization, which is a neutral event for the company.
DRC Systems India Limited has submitted a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue for the quarter ended December 31, 2025. This statement, prepared pursuant to Regulation 32 of the SEBI Listing Regulations, was reviewed by the Company's Audit Committee and approved by the Board of Directors on February 04, 2026. The funds were raised on October 28, 2025, amounting to ₹25,00,00,000 (₹25 crore). The utilization of these funds aligned with the objects stated in the Notice of the Annual General Meeting dated August 26, 2025. The original objects for the fund utilization included meeting working capital requirements (₹200 Lakhs), prepayment/repayment of liabilities (₹1,300 Lakhs), investments including in subsidiaries (₹375 Lakhs), and general corporate purposes (₹625 Lakhs). For the quarter ended December 31, 2025, the entire ₹200 Lakhs for working capital and ₹625 Lakhs for general corporate purposes were utilized, and ₹1,300 Lakhs were utilized for prepayment/repayment of liabilities. No funds were utilized for investments in subsidiaries during this quarter, which was not a deviation as the original allocation was ₹375 Lakhs and NIL was utilized, with no modification to the object. The company has confirmed that there is no deviation or variation in the use of funds raised. The statement is also available on the company's website, www.drcsystems.com.
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DRC Systems India Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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