DCX Systems Limited — Others, 07-08-2025: Monitoring Agency Report

DCX Systems updated on the utilization of its IPO (Rs. 400 Cr) and QIP (Rs. 500 Cr) proceeds. For IPO funds, most objectives like debt repayment and working capital were met. Investment in a subsidiary was reduced to Rs. 19.80 Cr, boosting general corporate funds (now Rs. 83.22 Cr). Rs. 1 Cr was utilized from general corporate funds this quarter, with Rs. 66 Cr remaining. QIP funds saw the full Rs. 209 Cr investment in NIART Systems completed this quarter. However, the Rs. 200 Cr allocated for new joint ventures is now expected to be utilized by FY28 due to ongoing approvals and technology transfer delays. Rs. 277 Cr from QIP proceeds remains unutilized, held in fixed deposits.