During Wednesday’s trading session, shares of one of India’s leading providers of EV charging and critical power solutions moved up by nearly 2 percent on BSE, after the company received the Rights Issue Committee approval for a rights issue of a 3:20 ratio.
With a market cap of Rs. 2,431 crores, the shares of Exicom Tele-Systems Limited hit an intraday high at Rs. 204.65 on BSE, up by nearly 2 percent, as against its previous closing price of Rs. 201.05. The stock has delivered negative returns of around 61 percent in one year, but has gained by nearly 10 percent in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, the Rights Issue Committee of Exicom Tele-Systems Limited has officially approved the Letter of Offer for the upcoming Rights Issue of the Company.
The company plans to issue up to 1.81 crore fully paid equity shares, each with a face value of Rs. 10. These shares will be offered at Rs. 143 per share which includes a premium of Rs. 133, aiming to raise a total of Rs. 259.4 crore. Eligible shareholders will be entitled to 3 rights equity shares for every 20 fully paid-up equity shares they already own, based on the record date of Monday, 7th July 2025.
The Rights Issue will open on Tuesday, 15th July, and close on Wednesday, 30th July 2025. The date of allotment is scheduled for Thursday, 31st July, and the date of listing is Monday, 4th August.
Earlier, on 25th June, the Board of Exicom Tele-Systems gave its nod to raise funds through a Rights Issue of equity shares with a face value of Rs. 10 each. Following that, on 1st July, the Rights Issue Committee met to finalise key details including the issue price, entitlement ratio, record date, and other terms, subject to the necessary in-principle approvals from the stock exchanges where the company’s shares are listed.
Financials & more
Exicom Tele-Systems reported a decline in its revenue from operations, showing a year-on-year fall of around 12 percent from Rs. 301 crores in Q4 FY24 to Rs. 266 crores in Q4 FY25. Similarly, its net profit decreased during the same period from a profit of Rs. 27 crores to a loss of Rs. 62 crores. In the Critical Power segment, the company has an open order book of more than Rs. 1,500 crores.
Exicom Tele-Systems Limited is in the business of providing efficient and reliable power electronics solutions for global Telecom, IT, and other related industries and manufacturing of electric vehicle chargers and lithium-ion batteries for E-vehicle. Its manufacturing facilities are located in Gurugram (Haryana) and Solan (Himachal Pradesh), with the R&D facilities in Gurugram and Bangalore (Karnataka).
Written by Shivani Singh
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