DCX Systems subsidiary's auditor resigns amid internal realignment

Rajagopal A and Co., statutory auditors for Raneal Advanced Systems Private Limited (Raneal), a material subsidiary of DCX Systems Limited, have resigned from their position effective May 12, 2025. DCX Systems stated the resignation is part of an internal realignment of audit assignments within the group to maintain independence and avoid overlapping professional engagements. The company explicitly states the change does not stem from any concerns regarding the management or operations of the subsidiary.

Rajagopal A and Co. were appointed on July 27, 2022, with their term initially scheduled to expire at the conclusion of the Annual General Meeting in 2027. Their latest audit report, for the standalone financial statements of the fiscal year 2024-25, was submitted on May 3, 2025.

DCX Systems acknowledged an inadvertent oversight in submitting the intimation to the stock exchanges within the prescribed timeline and has now furnished the information, expressing regret for the unintentional delay. The company confirmed no other material reasons for the resignation beyond those stated.