Nextwave pledges 1.85% of Exicom Tele-Systems shares in FY26

1 min read Updated on 05 Jun 2026, 03:11 AM

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Naman SScanX News Team

AI Summary

Nextwave Communications Private Limited, promoter of Exicom Tele-Systems Limited, disclosed holding 54.72% equity shares as of March 31, 2026. 2,566,585 shares (1.85%) remain pledged, with no increase in encumbrance during FY26.

*this image is generated using AI for illustrative purposes only.

Nextwave Communications Private Limited, the promoter of Exicom Tele-Systems Limited , has disclosed its shareholding and pledged status for the financial year ended March 31, 2026. The filing confirms that while the promoter holds a majority stake, a small portion of the equity shares remains encumbered, with no increase in pledged shares during the year.

As on March 31, 2026, Nextwave Communications held 7,61,04,121 equity shares, representing 54.72% of the total paid-up equity share capital of the company. Out of this total shareholding, 2,566,585 equity shares continue to remain pledged or encumbered. These pledged shares constitute 1.85% of the total paid-up equity share capital.

The disclosure, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that there has been no increase in the number of shares encumbered during the financial year 2025-26. The declaration was signed by Anant Nahata, Director of Nextwave Communications Private Limited.

Shareholding Details

The table below details the shareholding and pledged status of Nextwave Communications Private Limited as of March 31, 2026.

Particulars	Number of Shares	Percentage of Paid-up Equity Share Capital
Total Shares Held	7,61,04,121	54.72%
Pledged / Encumbered Shares	2,566,585	1.85%

Historical Stock Returns for Exicom Tele-Systems

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.10%	-7.09%	+23.48%	+41.91%	-18.39%	-31.93%

Does the stable level of pledged shares indicate sufficient liquidity for Nextwave to fund future growth without further dilution?

Could the current promoter shareholding structure make Exicom a potential target for strategic acquisitions or mergers?

How might the pledged status impact the promoter's ability to raise capital for new investments in the EV charging infrastructure sector?

Financial Performance

For the quarter ended March 31, 2026, the standalone business recorded a PAT of Rs 12 crore, an increase from Rs 5 crore in the corresponding quarter of the previous year. Standalone revenue for the quarter rose to Rs 282 crore from Rs 213 crore in Q4 FY25, while consolidated revenue for the quarter stood at Rs 388 crore compared to Rs 266 crore in the same period last year. The standalone EBITDA margin improved to 10.6% in Q4, the highest of the fiscal year. On a consolidated basis, the company reported a net loss of Rs 54 crore for Q4 FY26, compared to a net loss of Rs 62 crore in the same period last year. Notably, consolidated EBITDA turned breakeven this quarter at Rs 0.3 crore, marking the first time since the Tritium acquisition.

The following table summarises key financial metrics across standalone and consolidated bases:

Metric:	Standalone FY26 (Rs in Cr)	Standalone FY25 (Rs in Cr)	Consolidated FY26 (Rs in Cr)	Consolidated FY25 (Rs in Cr)
Revenue from Operations	895	752	1,152	868
EBITDA	70	40	(103)	(37)
Profit for the Year	14	21	(274)	(110)

Segment Results

The company operates across two primary segments: Critical Power and EV Charger. For the financial year ended March 31, 2026, the Critical Power segment reported revenue of Rs 617.66 crore on a standalone basis, while the EV Charger segment contributed Rs 277.14 crore. On a consolidated level, Critical Power revenue was Rs 641.82 crore and EV Charger revenue was Rs 509.91 crore for the year. The EV Charging segment saw exports revenue rise to Rs 30 crore, more than double from the previous year.

Operational Highlights

The company inaugurated its integrated Hyderabad manufacturing facility in March 2026, built on an investment of Rs 216 crore. This plant expands the manufacturing capacity 2.5 times and features local manufacturing of Tritium's liquid-cooled power modules. Tritium delivered its strongest commercial quarter under Exicom ownership, recording USD 9.7 Mn in revenue, up 157% quarter-on-quarter, with a backlog of USD 12.6 Mn entering Q1 FY27. The trading window for dealing in the company's securities, which was closed on April 1, 2026, will reopen on May 22, 2026.

Future Outlook

Management indicated that the consolidated EBITDA breakeven in Q4 reflects better product mix and sharper execution. For the upcoming financial year, the company targets BESS business revenue of Rs 50 crore. Tritium is expected to achieve EBITDA breakeven in Q4 FY27, supported by a 3x revenue growth trajectory and new product launches including the TRI-FLEX inverter. The order book for the Critical Power segment stands at Rs 1,000 crore as of March 31, 2026.

Historical Stock Returns for Exicom Tele-Systems

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.10%	-7.09%	+23.48%	+41.91%	-18.39%	-31.93%

Can Tritium realistically achieve EBITDA breakeven by Q4 FY27 given its historical losses, and what specific milestones will signal whether the 3x revenue growth trajectory is on track?

How will Exicom's new Hyderabad manufacturing facility impact its competitive positioning against Chinese EV charger manufacturers, particularly as India pushes for localization in the EV infrastructure space?

With the Critical Power order book at Rs 1,000 crore and the BESS segment targeting Rs 50 crore in FY27, how dependent is Exicom's profitability recovery on the pace of India's data center and renewable energy expansion?