The company has said that the fund raising may include public issue, preferential issue, rights issue, private placement, qualified institutions placement and any other method, subject to the receipt of necessary approvals, including the approval of the members of the company and such other regulatory and statutory approvals as maybe required.

The company’s consolidated net profit zoomed 151.9% to Rs 19.85 crore on 77.8% surge in net sales to Rs 309.12 crore in Q2 FY24 over Q2 FY23.

DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting.