Exicom Tele-Systems Limited announced the outcome of its Board of Directors meeting held on February 13, 2026, where directors approved the unaudited financial results for Q3FY26 and nine months ended December 31, 2025. The company delivered strong standalone performance with revenue reaching ₹23,368.11 lakhs, marking substantial 58.2% year-on-year growth from ₹14,770.00 lakhs in Q3FY25. Following the results announcement, the company conducted an investor conference call on the same day to discuss the quarterly performance and future outlook.

Financial Performance Overview

The company demonstrated remarkable turnaround in profitability at standalone level, posting net profit of ₹350.13 lakhs compared to a loss of ₹974.99 lakhs in the corresponding quarter of the previous year. On consolidated basis, the company reported revenue of ₹27,673.34 lakhs for Q3FY26 versus ₹19,662.66 lakhs in Q3FY25, representing 40.8% growth.

Segment-wise Revenue Analysis

The Critical Power segment delivered exceptional performance, generating revenue of ₹16,421.34 lakhs compared to ₹8,068.34 lakhs in Q3FY25, representing over 100% year-on-year growth. The EV Charger segment maintained steady performance with revenue of ₹6,946.77 lakhs versus ₹6,701.66 lakhs in the previous year quarter.

Management Commentary and Future Outlook

During the earnings call, Managing Director & CEO Anant Nahata highlighted that Q3 was another stable quarter with standalone revenue at ₹234 crores, EBITDA of ₹16 crores, and PAT of ₹3.5 crores. He emphasized the company's strong order book position of more than ₹1,400 crores for Critical Power business, deliverable over the next 24 to 30 months. The management expressed optimism about making Critical Power into close to a ₹1,000 crores business for FY27, driven by estimated CAPEX plans of more than 1,20,000 towers by various Telcos and TowerCos.

Tritium Turnaround Strategy

Nahata announced that the stabilization phase of Tritium is over, with the company entering the growth phase. Q4 FY26 revenue is estimated to be the first double-digit million-dollar revenue quarter at $10 million, representing 2.4X growth from Q3. The company secured almost $30 million in firm purchase orders and forecasts from a large US Fortune 50 customer, with deliveries spread over calendar year 2026. Management targets Tritium's EBITDA breakeven by Q4 FY27.

Board Approvals and Corporate Actions

Beyond financial results approval, the Board transacted several important business matters. Directors approved managerial remuneration for MD & CEO Anant Nahata and Whole-time Director Vivekanand Kumar for their remaining tenure, subject to shareholders' approval. The Board also approved a Postal Ballot Notice seeking shareholders' consent for the aforementioned remuneration proposals.

Nine Months Performance Highlights

For the nine months ended December 31, 2025, standalone revenue reached ₹61,272.51 lakhs compared to ₹53,962.35 lakhs in the corresponding previous period, showing 13.5% growth. The company maintained profitability with net profit of ₹166.50 lakhs versus ₹1,638.15 lakhs in the previous year period.

Exicom Tele-Systems Limited has successfully completed its postal ballot process, with shareholders approving four material related party transaction resolutions on February 01, 2026. The company announced the results on February 03, 2026, following scrutinizer validation of the remote e-voting process.

Postal Ballot Overview

The postal ballot was conducted entirely through remote e-voting, covering 146,424 total shareholders as of the record date December 30, 2025. The voting period commenced on January 03, 2026 at 9:00 AM IST and concluded on February 01, 2026 at 5:00 PM IST. MZ & Associates, led by scrutinizer Mohd Zafar (Membership No. 9184), oversaw the voting process and submitted their report on February 03, 2026.

Resolution Results

All four ordinary resolutions received overwhelming shareholder support, with approval rates exceeding 99% across all proposals. The voting was conducted exclusively through National Securities Depository Limited's remote e-voting platform.

Resolution 1: Exicom Power Solutions B.V. Transactions

This resolution approved material related party transactions with Exicom Power Solutions B.V., an unlisted material subsidiary, with an aggregate value not exceeding ₹180 crores.

Resolution 2: Exicom-Tritium Australia Transactions

The second resolution, covering transactions between Exicom Power Solutions B.V., Netherlands and Tritium Power Solutions Pty Ltd, Australia, received 99.28% approval with 11,263,105 votes in favour out of 11,344,398 total votes polled. The approved transaction value ceiling is ₹260 crores.

Resolution 3: Exicom-Tritium USA Transactions

Shareholders approved transactions between Exicom Power Solutions B.V., Netherlands and Tritium Power Solutions Inc., USA, with 99.28% support. The resolution received 11,263,304 favourable votes from 11,344,611 total votes, covering transactions up to ₹256 crores.

Resolution 4: Inter-Tritium Subsidiary Transactions

The final resolution addressed transactions between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA, both step-down subsidiaries. This received 99.28% approval with 11,263,154 votes in favour from 11,344,448 total votes, covering transactions valued up to ₹327 crores.

Voting Participation Analysis

Notably, the promoter and promoter group, holding 92,449,616 shares, did not participate in the voting process across all resolutions, recording zero votes in each case. This abstention pattern is consistent with regulatory requirements for related party transactions where promoters may have interests.

The public institutional investors demonstrated near-complete participation with 99.56% voting rate, while public non-institutional shareholders showed 14.83% participation across the resolutions.

Regulatory Compliance

The postal ballot process adhered to provisions under Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The company published requisite advertisements in Business Standard (English) and Hind Janpath (Hindi) newspapers on January 03, 2026, ensuring proper disclosure to shareholders.

The approved resolutions enable the company to continue, renew, extend, or modify various arrangements including provision of unsecured loans and purchase/sale of goods and services among its subsidiary network, subject to arm's length pricing and ordinary course of business requirements.