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Latest news about Exicom Tele-Systems

Exicom Tele-Systems Faces Rs 14.49 Crore Customs Duty Demand Over Import Classification Dispute 1 day ago

Exicom Tele-Systems received a show cause notice from the Principal Commissioner of Customs demanding Rs 14.49 crore in differential duty, interest, and penalties. The notice alleges mis-declaration of imported goods and wrongful claim of duty exemption. The company believes the demand is not maintainable and is preparing a response within the 30-day timeframe. Exicom explained the delay in disclosure due to holidays and internal communication processes.

Exicom Tele-Systems Backs Mobile EV Charging Startup to Boost Urban Charging Infrastructure Sep 22, 2025

Exicom Tele-Systems Reports Q1 Revenue of ₹205 Crore, Faces Consolidated Loss Due to Tritium Operations Aug 18, 2025

Exicom Tele-Systems Reports Mixed Q1 Results Amid Project Delays and Strong Order Backlog Aug 13, 2025

Exicom Tele-Systems Reports Delays in IPO Fund Utilization, Extends Timeline to March 2026 Aug 11, 2025

More news about Exicom Tele-Systems

11Aug 25

Exicom Tele-Systems Reports Mixed Q1 Results: Revenue Growth Offset by Net Loss

Exicom Tele-Systems reported a 10.30% increase in Q1 consolidated revenue to Rs 1,437.05 crore, driven by 46.80% growth in the EV charger segment. However, the company faced profitability challenges, reporting a net loss of Rs 515.76 crore and a 38.50% decline in EBITDA. The critical power segment saw a 15.30% revenue decline. Exicom incurred one-time restructuring costs of Rs 89.99 crore and implemented a Voluntary Retirement Scheme. The company's order book stands strong at Rs 2,800 crore. The Board approved the appointment of new Secretarial Auditors, and the timeline for utilizing unutilized IPO proceeds has been extended to March 31, 2026.

04Aug 25

Exicom Tele-Systems Raises INR 259.41 Crore in Oversubscribed Rights Issue

Exicom Tele-Systems Limited, a leading EV charging and critical power solutions manufacturer in India, has successfully raised INR 259.41 crore through an oversubscribed rights issue. The company issued 18.14 lakh fully paid-up equity shares at INR 143.00 per share in a 3:20 ratio. Promoters subscribed to approximately INR 120.00 crore worth of shares. The funds will be used primarily for debt reduction, aiming for a 1:4 debt-to-equity ratio by FY26 end. The capital will also support global expansion plans in the US, Europe, and Australia through its subsidiary, Tritium. Exicom is seeing strong momentum in the Indian market with its Harmony Direct 2.0 and Spin Air home chargers gaining traction with OEMs.

01Jul 25

Exicom Tele-Systems Announces ₹259.41 Crore Rights Issue

Exicom Tele-Systems, a telecommunications and energy solutions company, has approved a rights issue to raise ₹259.41 crore. The issue is priced at ₹143.00 per share with a rights ratio of 3:20, allowing existing shareholders to purchase 3 new shares for every 20 shares held. This capital-raising initiative could potentially fund expansion plans, technological investments, debt reduction, or acquisitions, though specific plans for the funds have not been disclosed.

30Jun 25

Exicom Tele-Systems Secures Initial Nod for ₹260 Crore Rights Issue

Exicom Tele-Systems, a telecommunications sector player, has received initial approval for a rights issue to raise ₹260.00 crore. The rights issue will allow existing shareholders to purchase additional shares at a discounted price. Specific details such as the price per share and rights entitlement ratio are yet to be disclosed. This move is expected to strengthen the company's financial position and provide capital for operations, debt reduction, or growth opportunities.

25Jun 25

Exicom Tele-Systems Approves Rs 283.20 Crore Loan Conversion

Exicom Tele-Systems' board has approved the conversion of an unsecured loan and accrued interest totaling approximately Rs 283.20 crore. This financial restructuring move could potentially reduce the company's debt obligations and improve its balance sheet. The decision may have implications for the company's equity structure, though specific terms of the conversion were not disclosed.

25Jun 25

Exicom Tele-Systems Approves ₹260 Crore Rights Issue and Loan Conversion

Exicom Tele-Systems' board has approved a rights issue to raise ₹260.00 crore and the conversion of a ₹283.00 crore unsecured loan to its foreign subsidiary into equity. The company's shares surged over 18% on June 25 in response to these announcements. The rights issue allows existing shareholders to purchase additional stock, potentially at a discounted price. These financial moves aim to strengthen the company's position and fund potential growth initiatives.

20Jun 25

Exicom Tele-Systems to Consider Rights Issue for Fundraising

Exicom Tele-Systems' board of directors will meet on June 25 to discuss a potential fundraising through a rights issue. This strategic move aims to strengthen the company's financial position and possibly support future growth initiatives. The rights issue, if approved, would offer existing shareholders the opportunity to purchase additional shares at a discounted price.

23May 25

EXICOM TELE SYSTEMS Reports Q4 Net Loss of ₹622.7 Crore

EXICOM TELE SYSTEMS, a telecommunications company, reported a consolidated net loss of ₹622.70 crore in the latest quarter, compared to a profit of ₹275.00 crore in the same period last year. Revenue decreased by 11.33% year-on-year to ₹266.00 crore from ₹300.00 crore. The loss has deepened from the previous quarter's loss of ₹490.00 crore, indicating ongoing financial challenges for the company.

22May 25

EXICOM TELE Expands EV Charging Portfolio with Advanced DC Fast Chargers

EXICOM TELE-SYSTEMS LIMITED has introduced two new DC fast chargers: the upgraded Harmony Direct 2.0 and the new Tritium TRI-FLEX. This launch expands their product lineup in the EV charging infrastructure sector, aiming to meet the growing demand for efficient charging solutions. The move aligns with the company's strategy to strengthen its market presence and capitalize on the increasing shift towards electric vehicles.

20May 25

Exicom Tele-Systems to Explore Fund-Raising Options Through Equity Issuance

Exicom Tele-Systems, a telecommunications company, has announced a board meeting on May 23 to discuss potential fund-raising through equity issuance. This move could lead to capital infusion for operations, expansion, or debt reduction. The decision may impact the company's stock performance and attract investor attention. Further details are expected following the board meeting.

26Mar 25

EXICOM Partners with IONAGE to Revolutionize EV Charging Network in India

Exicom Tele-Systems Limited and IONAGE Technologies Private Limited have formed a strategic partnership to create a more accessible and open EV charging network across India. The collaboration aims to integrate Exicom's charging solutions with IONAGE's software platform, addressing the growing demand for EV charging infrastructure. The partnership will focus on simplifying charger discoverability, enhancing operational efficiency for Charge Point Operators, and providing seamless charging access for EV users across networks. This initiative supports India's goal of achieving 30% EV penetration by 2030 and offers benefits to both operators and consumers, including improved infrastructure management, cost-effective solutions, and a more streamlined charging experience.