Exicom Tele-Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 01, 2025.
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Exicom Tele-Systems Limited has finalised the terms of its proposed Rights Issue following a committee meeting on July 1, 2025. The company will issue up to 1.81 crore fully paid-up equity shares of face value ₹10 each at a price of ₹143 per share, which includes a premium of ₹133. The total issue size aggregates up to ₹259.41 crore, assuming full subscription. The entitlement ratio is set at 3 rights equity shares for every 20 shares held by eligible shareholders. The record date is July 7, 2025, with the issue opening on July 15, 2025 and closing on July 30, 2025. Post-issue, outstanding equity shares will increase from approximately 12.09 crore to 13.91 crore.
Existing shareholders will get the opportunity to purchase additional shares at ₹143 per share, which may be at a discount to current market price. The issue could lead to dilution of existing holdings by about 15% if fully subscribed. The ₹259.41 crore fundraise will strengthen the company's capital base, though shareholders need to decide whether to invest more or let their rights lapse by the closing date.