Transaction Overview

DCX Systems Limited has made a further investment in ELTX Systems Private Limited, an Associate and Joint Venture company. The JV is with ELTA Systems Limited, Israel. The investment was made pursuant to a rights issue.

Details of the Target Entity (ELTX Systems Private Limited)

  • Status: Associate and Joint Venture of DCX Systems Limited.
  • Industry: Defence and Aerospace Industry.
  • Line of Business: Design, Develop, Manufacture of all types of Integrated Electronic Systems, Command and Control Systems, Test & Measuring Equipment, embedded systems and software, Radar and EW Systems for the Land and Airborne Applications and counter drone systems.
  • Date of Incorporation: October 10, 2025.
  • Country of Presence: India.
  • Financial Details (as on March 31, 2026):
  • Paid-up Share Capital: ₹2.5 Million
  • Turnover: Nil (for FY24, FY25, FY26)
  • Loss after Tax: ₹1.30 Million
  • Net-worth: ₹1.19 Million

Transaction Specifics

  • Date of Allotment: The equity shares were allotted to DCX Systems Limited on July 14, 2026.
  • Number of Shares Acquired: 234,229 equity shares of ₹10 each.
  • Acquisition Price: Acquired at a premium of ₹3,590 per equity share.
  • Total Consideration: ₹84,32,24,400 (Rupees Eighty Four Crores Thirty Two Lakhs Twenty Four Thousand Four Hundred Only).
  • Mode of Consideration: Cash.
  • Type of Issue: Rights Issue.

Shareholding and Control

  • There is no change in the shareholding percentage of DCX Systems Limited in ELTX pursuant to this acquisition.
  • DCX Systems Limited will continue to hold 37% shareholding in ELTX.

Related Party Transaction Status

ELTX is a related party of DCX Systems Limited. The promoter/promoter group/group companies have no interest in ELTX. The transaction was conducted on an arm's length basis.

Objects and Impact of Acquisition

  • The investment is a part of the utilization of the proceeds from the Company's Qualified Institutional Placement (QIP) as specified in the QIP Placement document dated January 19, 2024.
  • The stated purpose is towards the fulfilment of the Company's growth strategies.
  • The funds will be utilised to meet ELTX's working capital and other business/operational requirements to effectively meet its business needs.

Governmental/Regulatory Approvals

Not Applicable, as stated in the disclosure.

#Tags: #DCXSystems #ELTX #SEBIDisclosure #RegulatoryCompliance #M&A #Defence #Positive