Exicom Tele-Systems Limited has dispatched its Annual Report for FY26 alongside the notice for its 32nd Annual General Meeting (AGM). The company notified stock exchanges of this dispatch on August 26, 2026.

The 32nd AGM is scheduled for Monday, September 28, 2026, at 11:00 am. It will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM), in compliance with regulatory guidelines. The company previously announced the schedule on August 21, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Pre-dispatch notices were published in Business Standard (Chandigarh edition) and Hind Janpath (Solan edition).

Meeting Logistics and Voting

The deemed venue for the AGM is the company’s registered office located in Solan, Himachal Pradesh. Shareholders will not be required to attend physically at a common venue. Instead, participation and voting will occur remotely.

Remote e-voting facilities will be provided by National Securities Depository Limited (NSDL). Shareholders eligible to vote can cast their ballots prior to the meeting or during the session via the e-voting platform. Detailed instructions for accessing these facilities will be included in the formal Notice of the AGM.

E-Voting Schedule

Key Agenda Items

The AGM will transact both ordinary and special business. The Board has recommended several resolutions for shareholder approval, including the reappointment of a retiring director and the ratification of cost auditor remuneration.

Ordinary Business

1. Adoption of Financial Statements: Shareholders will consider and adopt the Audited Standalone and Consolidated Financial Statements for FY26, along with the Reports of the Board of Directors and Auditors.
2. Reappointment of Director: Mr. Himanshu Baid (DIN: 00014008), who retires by rotation, offers himself for reappointment. He serves as Managing Director of Poly Medicure Limited and has been on Exicom’s board since 2008. His remuneration for FY26 was ₹10.08 lakhs.

Special Business

The special business items focus on approving material related-party transactions (RPTs) between the company’s overseas subsidiaries. These transactions are structured to support operational continuity and global management efficiency.

1. Ratification of Cost Auditor Remuneration

The Board seeks ratification for the remuneration of M/s. SKG & Co., Cost Accountants, for FY27. The approved fee is ₹1,60,000 plus applicable taxes and out-of-pocket expenses.

2. Approval of Related-Party Transactions

Shareholders are asked to approve omnibus limits for transactions between Exicom Power Solutions B.V. (Netherlands) and its step-down subsidiaries, Tritium Power Solutions Pty Ltd (Australia) and Tritium Power Solutions Inc. (USA). The total proposed limit across these entities is ₹760 crore.

The Audit Committee has confirmed that these transactions are at arm’s length, consistent with transfer pricing principles, and do not involve any transfer of economic value to the promoter group. Promoter Anant Nahata has an indirect interest in these transactions through his control of Nextwave Communications Private Limited but will not vote on these resolutions.

Annual Report and Communications

The Notice of the AGM and the Annual Report for FY26 are being sent through electronic mode to all members whose e-mail addresses are registered with the Company, Depository Participant(s), or Registrar and Share Transfer Agent. This dispatch is pursuant to Regulations 30 and 34(1) of the SEBI Listing Regulations.

In accordance with Regulation 36(1)(b) of the SEBI LODR Regulations, a letter providing web-links to access the documents is being sent to shareholders who have not registered their e-mail addresses. The documents are also available on the company’s website and on the platforms of BSE Limited and National Stock Exchange of India. Physical copies are no longer mandatory, though shareholders may request them by contacting the investor relations team.

Exicom Tele-Systems has launched liquid-cooled AC and DC power modules for electric vehicle chargers in India, marking a significant expansion of its manufacturing capabilities. Announced on August 19, 2026, the launch positions the company as the first manufacturer in India to produce this class of liquid-cooled power electronics for global markets. The development strengthens Exicom's position as a design-led manufacturer and expands its high-value export portfolio.

First in India to manufacture liquid-cooled modules

The launch leverages technology from Tritium, the global DC fast charging company acquired by Exicom in 2024. Liquid cooling technology addresses thermal stress, which reliability studies attribute to nearly 60% of power electronics failures. The technology can maintain internal temperatures roughly 10°C lower than air-cooled systems, addressing the issue where component failure rates double for every 10°-15°C rise in temperature.

These modules feature a fully sealed design that protects against dust, moisture, and salt air, extending charger life in harsh field conditions. They pack more power into a compact footprint and are designed to run continuously at high loads with lower lifetime operating costs.

Export strategy and domestic deployment

Initial production will primarily serve North America and Europe, supporting Tritium's DC charger portfolio including TRI-FLEX™ ultra-fast DC chargers and DC-FLEX™ charging systems. Subsequent phases aim to bring this technology to domestic customers, including Charge Point Operators, Fleets, and OEMs. Over time, the liquid-cooled architecture will be integrated into Exicom's flagship Harmony DC chargers.

Anant Nahata, CEO and Managing Director, Exicom, stated that local manufacturing allows the company to engineer, improve, and adapt the technology faster for customers in India and globally. He noted that liquid cooling has become the global architecture of choice for high-power charging as chargers run more hours per day and face higher ambient temperatures.

Manufacturing capabilities

The Hyderabad facility is designed with advanced automation, digital traceability, and specialized testing capabilities. This infrastructure supports the precision required for manufacturing liquid-cooled modules for both domestic and international markets. The move deepens Exicom's integration with Tritium, creating synergies between technology and manufacturing to build advanced EV charging technology in India.