This EV and telecom solutions stock surged over 18% on Wednesday after its board approved a Rs 260 crore rights issue and the conversion of a Rs 283 crore loan into equity in its Netherlands-based subsidiary.
With the market capitalization of Rs 2,458 Crores, the shares of Exicom Tele-Systems Ltd jumped up to 18% making an intraday day high of Rs 215.30 per share from its previous closing price of Rs 181.95 per share. Exicom Tele-Systems Ltd, in its filing today, stated that the company’s Board has approved two key decisions.
The first is the approval to raise up to Rs 260 crore through a rights issue of fully paid-up equity shares of Rs 10 each. The issue will be offered to eligible shareholders as on the record date, which will be announced later.
Key terms such as the issue price, rights entitlement ratio, record date, and payment schedule will be determined by the Rights Issue Committee, subject to necessary regulatory and statutory approvals.
The second major decision by the Board was to convert a loan of about Rs 283.20 crore, including interest, into shares of its fully owned subsidiary, Exicom Power Solutions B.V., in the Netherlands.
This step is meant to ease financial pressure on the subsidiary by stopping interest payments and improving its cash flow. No new money will be spent by the company, as it’s simply turning the existing loan into equity. The shares will be issued at €1 each.
Exicom Tele-Systems Ltd is a clean energy and technology company leading the shift towards sustainable solutions in electric mobility and telecom. Founded in 1994, the company has over 30 years of experience and operates across 15+ countries.
It is one of the leading EV charger providers in India and also supplies critical power systems that help telecom companies run their networks 24×7 while reducing their carbon footprint.
With an order backlog of around Rs 1,500 crore, the company is growing rapidly and is focused on building future-ready, easy-to-use, and reliable EV chargers to support a cleaner, electric future.
Coming to the financials, the company reported a 14.9% decline in revenue, falling from Rs 1,020 crore in FY24 to Rs 868 crore in FY25. The company also slipped into the red, posting a net loss of Rs 110 crore in FY25 compared to a net profit of Rs 64 crore in the previous financial year.
Written By Rohan Pandey
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