DRC Systems India Limited announced a private placement on preferential basis for 5,000,000 common shares at a price of INR 40 per share for proceeds of INR 200,000,000 on September 20, 2022. The transaction will include participation from new investor Somani Multibiz Ltd. for an equity stake of 11.45%. The transaction has been approved by the board of directors of the company, and is subject to the approval by the shareholders, such other regulatory / statutory authorities.