DCX Systems receives key industrial license approval

DCX Systems announced today that it has received an industrial license from the Ministry of Commerce & Industry, Government of India, for manufacturing specialized items, specifically for "Production, Assembly and Testing of Radar Systems and EW Systems" and "Integration and Manufacture of Avionics & Defence Electronic Equipment." The license, effective immediately, permits manufacturing at their Aerospace SEZ Sector facility in Bengaluru, Karnataka, for 15 years. The company disclosed this information in compliance with SEBI regulations, indicating that the license covers items categorized under CATEGORY-A as per the MOD Security Manual, signifying products of the highest security level. The announcement was made to both the Bombay Stock Exchange and National Stock Exchange of India.