DRC Systems to buy 49% of Skizzle for $211,000, exits Inexture
What's the deal? India's DRC SystemsDealroom has a profile for this one. Try Dealroom → has approved acquiring a 49% stake in Skizzle Technolabs IndiaDealroom has a profile for this one. Try Dealroom → for up to US$271.6K (≈$211,000), while simultaneously authorising the sale of its entire 49.18% holding in Inexture SolutionsDealroom has a profile for this one. Try Dealroom →. The decisions were taken at a board meeting on October 14, 2026.
Why now? The move revises an earlier proposal from May 18, 2026, which had contemplated a fresh capital injection into Skizzle. Instead, DRC Systems will now buy the equity from existing shareholders — a secondary purchase rather than new investment.
What's the endgame? After the deal, Skizzle Technolabs becomes an associate company of DRC Systems. The acquisition will complete in one or more tranches by March 31, 2027, subject to due diligence, definitive agreements, and any regulatory approvals.
On the other side of the ledger, the board approved divesting its full 49.18% stake in Inexture Solutions for a maximum of US$138.5K. The sale agreement is expected by October 26, 2026, with completion within 60 days, after which Inexture ceases to be an associate.
By the numbers: For the year ended March 31, 2026, Inexture reported turnover of US$2.58M and net worth of US$265K. The exit price of US$138.5K implies a low multiple relative to that revenue.
The contrast is notable: DRC Systems is paying up to US$271.6K for 49% of Skizzle, which disclosed no financial metrics, yet exiting a comparable stake in a US$2.58M-revenue business for half that. Both are non-related party deals, with no promoter or promoter-group interest involved.
The signal: DRC Systems is swapping one associate for another, trading an established revenue-generating stake for a bet on Skizzle's potential. The move suggests a pivot away from lower-margin operations toward a company valued on promise rather than proven numbers.
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