Exicom Tele-Systems Limited has informed the Exchange regarding receipt of In-Principle Approval from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) in respect of proposed Rights Issue.
EXICOM · price
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Awaiting price reaction for this filing.
Exicom Tele-Systems has received in-principle approvals from both NSE (June 27, 2025) and BSE (June 30, 2025) for its proposed Rights Issue of equity shares. The Board had earlier approved raising funds up to ₹260 Crores through this route on June 25, 2025. This is a procedural milestone — the company is one step closer to launching the rights issue but still needs further regulatory clearances. Existing shareholders may need to participate to avoid dilution of their holdings.
Short-term: typically negative for stock price as rights issues often price at a discount to market, creating dilution. Long-term: depends on use of the ₹260 Crores raised, which is not disclosed in this filing.