<h1>DCX Systems Makes Further Investment in ELTX Systems Through Rights Issue</h1>
DCX Systems Ltd has increased its stake in ELTX Systems Private Limited by acquiring equity shares through a rights issue. The investment targets strategic growth and operational requirements within the Defence and Aerospace Industry.
The company acquired 234,229 equity shares of ELTX at a total cost of ₹84,32,24,400/-, which is equivalent to ₹10/- per share, after factoring in the premium of ₹ 3,590/- per share. The transaction was completed as Cash Consideration and the shares were allotted to DCX on July 14, 2026.
ELTX Systems Private Limited operates as an Associate and Joint Venture with ELTA Systems Limited, Israel. The investment by DCX Systems is intended to support the overall business operations and growth of ELTX, helping it enhance its capabilities and scale its operations. These funds are earmarked for ELTX working capital and general business and operational requirements.
The target entity, ELTX, operates within the Defence and Aerospace Industry. As of March 31, 2026, financial details for ELTX were reported as follows:
| Financial Metric | Details (as of March 31, 2026) |
|---|---|
| Paid-up Share Capital | INR 2.5 Mn |
| Turnover | Nil |
| Loss after Tax | INR 1.30 Mn |
| Net-worth | INR 1.19 Mn |
The acquisition was completed through a rights issue, and the transaction is based on an arm's length basis. DCX Systems maintained that there will be no change in its existing shareholding percentage in ELTX; the company continues to hold a 37% stake.
ELTX focuses on the design, development, and manufacture of integrated electronic systems, Command and Control Systems, Test & Measuring Equipment, embedded systems and software, Radar and EW Systems for both Land and Airborne Applications, as well as counter drone systems. Incorporated on October 10, 2025, ELTX’s financial history over the last three years shows no turnover across the reported financial cycles.
| Financial Year | Turnover (Rs. in Mn) |
|---|---|
| 2023-24 | Nil |
| 2024-25 | Nil |
| 2025-26 | Nil |
DCXINDIA Stock Price Movement
DCX Systems Limited shares are slipping as of 1:31 PM, trading down 0.55% in live market to stand at ₹192.40.The stock has seen significant activity, with a reported volume of 292,510 shares traded so far today.
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