DRC Systems India logo

DRC Systems India MD, chairman, board of directors and AGM

NSE: DRCSYSTEMSBSE: 543268IT - ServicesSmall Cap

Last close ₹11.25down ₹0.09 (0.79%)BSE ₹11.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹11.34.

52-week range of traded prices to 23 Oct 2026
₹10.80Low, 13 Oct 2026₹20.20High, 28 Oct 2025
Market cap
₹162 Cr2,341st largest listed
P/E
7.9
P/B
1.4
Dividend yield
Nonein the last 12 months
ROE
23.1%
ROCE
18.9%
Debt to equity
0.00
Volume, NSE
53,73469.8% delivered

DRC Systems India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonShah Keyur Jagdishchandra
  • Managing directorHiten Ashwin Barchha
  • Company Secretary and Compliance OfficerJainam Shah

6 directors3 independent2 executive1 non-executive

  • Shah Keyur Jagdishchandra · ChairpersonIndependent · joined Dec 2020 · reappointed Dec 2025 · 66 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 3 as chair
  • Hiten Ashwin Barchha · Managing directorExecutive · joined Jun 2020 · 1 listed board · 1 committee seat
  • Pandya Janmaya PreyasExecutive · joined Jan 2021 · 1 listed board
  • Sanket KhemukaNon-executive · joined Dec 2020 · 1 listed board
  • Shah Jigar PradipchandraIndependent · joined Dec 2020 · reappointed Dec 2025 · 66 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Dipti Abhijeet ChitaleIndependent · joined Dec 2020 · reappointed Dec 2025 · 66 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Roopkishan Sohanlal Dave, left 29 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 18 May 20266 of 6 present3 independent · 54 days in between
    • 24 Mar 20266 of 6 present3 independent · 47 days in between
    • 4 Feb 20265 of 6 present2 independent · 29 days in between
    • 5 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Shah Jigar Pradipchandra

    Shah Keyur Jagdishchandra, Hiten Ashwin Barchha

    • 18 May 20263 of 3 present2 independent · 54 days in between
    • 24 Mar 20263 of 3 present2 independent · 47 days in between
    • 4 Feb 20263 of 3 present2 independent · 29 days in between
    • 5 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Shah Jigar Pradipchandra

    Shah Keyur Jagdishchandra, Sanket Khemuka

    • 18 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Shah Keyur Jagdishchandra

    Shah Jigar Pradipchandra, Dipti Abhijeet Chitale

    • 18 May 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Shah Jigar Pradipchandra

    Hiten Ashwin Barchha, Pandya Janmaya Preyas

    • 18 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Rajpara AssociatesPeer-review certificate valid to Feb 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

DRC Systems India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.DRC Systems India share news and announcements

Annual general meeting, 17 Sep 2026

28,524 shareholders on the register on 10 Sep 2026; present: 4 promoters and 50 others; votes counted by Ashish C. Doshi / SPANJ & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited standalone and consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.69% · promoters 100.00% · institutions 0.00% · other public 70.98%

  2. Appointment of Mr. Sanket Khemuka (DIN: 06910440) as a Director, liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.69% · promoters 100.00% · institutions 0.00% · other public 70.98%

  3. Re-appointment of Mr. Hiten Ashwin Barchha (DIN: 05251837) as the Managing Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.69% · promoters 100.00% · institutions 0.00% · other public 70.98%

  4. Re-appointment of Mr. Janmaya Preyas Pandya (DIN: 09019756) as an Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.69% · promoters 100.00% · institutions 0.00% · other public 70.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 9 resolutions

29,927 shareholders on the register on 18 Sep 2025; present: 4 promoters and 46 others; votes counted by Ashish Doshi / SPANJ & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited standalone and consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  2. To appoint a Director in place of Mr. Janmaya Preyas Pandya (DIN: 09019756), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  3. Offer and Issue of Equity Shares on Preferential Basis.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  4. Appointment of Secretarial Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  5. Re-appointment of Mr. Keyur Jagdishchandra Shah (DIN: 03111182) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  6. Re-appointment of Mr. Jigar Pradipchandra Shah (DIN: 08174430) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  7. Re-appointment of Ms. Dipti Abhijeet Chitale (DIN: 08991506) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  8. Approval of Material Related Party Transactions with AppiZap LLC FZ
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

  9. Increase in the Authorized Share Capital and Consequent Alteration of Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.56% · promoters 100.00% · institutions 0.00% · other public 68.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Sep 2024, 4 resolutions

Present: 4 promoters and 46 others.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.16% · promoters 99.98% · institutions 0.00% · other public 69.61%

  2. 2. To appoint a Director in place of Mr. Sanket Khemuka (DIN: 06910440) who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.16% · promoters 99.98% · institutions 0.00% · other public 69.61%

  3. 3. Ratification of Material Related Party Transaction(s) of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 31.07% · promoters 99.98% · institutions 0.00% · other public 11.19%

  4. 4. Approval of Material Related Party Transactions with AppiZap LLC FZ
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.16% · promoters 99.98% · institutions 0.00% · other public 69.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 15 Feb 2024, 2 resolutions

Present: 4 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Increase in the Authorized Share Capital & Consequent Alteration of Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.81% · promoters 100.00% · institutions 16.65% · other public 71.88%

  2. Issue of Bonus Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.81% · promoters 100.00% · institutions 16.65% · other public 71.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2023, 4 resolutions

Present: 2 promoters and 45 others.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 13.06% · other public 74.36%

  2. 2. To appoint a Director in place of Mr. Janmaya Pandya (DIN: 09019756) who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 13.06% · other public 74.36%

  3. 3. Re-Appointment of Mr. Hiten Barchha (DIN: 05251837) as the Managing Director of the Company.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 82.77% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 13.06% · other public 74.36%

  4. 4. Re-Appointment of Mr. Janmaya Pandya (DIN: 09019756) as the Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 13.06% · other public 74.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Oct 2022, 3 resolutions

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To Offer and Issue Equity Shares on Preferential Basis.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.98% · promoters 100.00% · institutions 18.82% · other public 60.41%

  2. To consider and approve revision in remuneration of Mr. Hiten Barchha (DIN: 05251837), Managing Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.00%

    Turnout: all 67.65% · promoters 90.91% · institutions 18.82% · other public 60.41%

  3. To consider and approve revision in remuneration of Mr. Janmaya Pandya (DIN: 09019756), Executive Director and Chief Financial Officer of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.00%

    Turnout: all 69.97% · promoters 100.00% · institutions 18.82% · other public 60.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jun 2022, 3 resolutions

Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 18.60% · other public 73.46%

  2. 2. To appoint a Director in place of Mr. Sanket Khemuka (DIN: 06910440), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 18.79% · other public 73.46%

  3. 3. To reappoint Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 1.00% · other public 0.00%

    Turnout: all 79.50% · promoters 100.00% · institutions 18.79% · other public 73.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Feb 2022, 2 resolutions

Present: 4 promoters and 39 others.The company's voting result (opens in a new tab)

  1. Approval of sub-division/ stock split of Equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.82% · promoters 100.00% · institutions 25.45% · other public 75.23%

  2. Alteration of Capital Clause of the Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.82% · promoters 100.00% · institutions 25.45% · other public 75.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesOct 202525.00To meet working capital requirements2.002.00No
Preferential IssuesOct 202525.00Prepayment / Repayment of Liabilities13.0013.00No
Preferential IssuesOct 202525.00Making investments including investment in Subsidiaries Companies3.753.75No
Preferential IssuesOct 202525.00General corporate purposes6.256.25No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.