Exicom Shares Surge 11% as Board Clears ₹260 Cr Rights Issue and Converts ₹283.2 Cr Loan in Overseas Arm

Mumbai, 25 June 2025: Shares of Exicom Tele-Systems Ltd (NSE: EXICOM) soared 11% to ₹202 in Tuesday’s trade after the board approved two major capital-related decisions: a ₹260 crore rights issue and a ₹283.2 crore loan-to-equity conversion in its wholly owned Dutch subsidiary. The strategic moves triggered strong investor interest, propelling the stock higher in intraday trading.

As of 2:25 PM IST on 25 June, shares of Exicom Tele-Systems Ltd were trading at ₹205.00, marking a sharp rise of ₹23.02 or 12.65% for the day. The stock had opened at ₹182.60 and touched an intraday high of ₹214.45, with the day’s low also at ₹182.60. At 1:10 PM, the price stood at ₹184.40. The company’s market capitalisation now stands at ₹2,470 crore, with a 52-week range between ₹130.37 and ₹530.00.

Board Approves ₹260 Crore Rights Issue

Exicom’s board gave the green light to raise ₹260 crore through a rights issue involving equity shares with a face value of ₹10 each. The offer will be extended to existing shareholders, with the record date and other key terms to be announced later.

A dedicated Rights Issue Committee has been formed to finalise pricing, entitlement ratio, timeline, and regulatory procedures.

Rights Issue Committee Members:

• Mr Himanshu Baid (Non-Executive Non-Independent Director)
• Mr Anant Nahata (Managing Director & CEO)
• Mr Vivekanand Kumar (Whole-Time Director)

Rights Issue Details:

₹283.2 Crore Loan Converted to Equity in Dutch Subsidiary

In a parallel move, the board approved converting an unsecured loan of ₹283.2 crore (including accrued interest) into equity shares in its Netherlands-based subsidiary, Exicom Power Solutions B.V.

The transaction will be executed at €1 per share, and aims to reduce debt servicing costs, boost liquidity, and improve working capital efficiency at the overseas EV infrastructure unit. This conversion requires no fresh capital outlay and supports long-term global operations.

Conversion Details (Annexure B):

The company will retain 100% ownership of the subsidiary, which operates in the electric vehicle (EV) infrastructure sector and was incorporated in January 2024.

Stock Performance at 13:49 IST

About the Company

Listed on the NSE’s NIFTY IPO index since 5 March 2024, Exicom Tele-Systems Ltd operates within the Heavy Electrical Equipment space. The company has a strategic focus on EV charging and energy storage infrastructure and continues to strengthen its financial structure to support both domestic and international growth initiatives.

These corporate actions were undertaken under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Strategic Capital Boost Positions Exicom for EV Growth Opportunities in India and Europe

Exicom’s emphasis on capital infusion aligns with the increasing policy push for EV adoption across Europe and India. With several state governments in India launching EV subsidy schemes and global demand for charging infrastructure rising, the company appears well-positioned to tap into upcoming tenders and partnerships. The capital restructuring in its Dutch arm may also enhance its appeal to international collaborators and funding partners.

Investors are now eyeing further announcements from the Rights Issue Committee and potential project pipeline updates in the EV infrastructure segment.

REF: https://nsearchives.nseindia.com/corporate/EXICOM_25062025134428_Neaps.pdf

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