DCX Systems shares hit 5% upper circuit after its wholly owned Subsidiary M/s Raneal Advanced Systems Private Limited received an industrial license.
In the exchange filing, the company shared, “We wish to inform that the Industrial Licensing Section, Office of the Development Commissioner Cochin Special Economic Zone (CSEZ), EOU’s & SEZ’s in Karnataka, Ministry of Commerce & Industry, Government of India has granted Industrial license to our wholly owned Subsidiary M/s Raneal Advanced Systems Private Limited (“the Company”) for manufacturing of the following item:
- Production, Assembly and Testing of Microwave Submodules for command and guidance units for Missile Subsystems.
- Integration and Manufacture of Avionics & Defence Electronic Equipment.
- Production, Assembly and Testing of Radar Systems and EW Systems.”
The license is valid for 15 years, assuring long-term manufacturing of these essential defense technology.
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DCX Systems