Exicom Tele-Systems Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "Press Release - Exicom Successfully Concludes Rights Issue; Reinforces Promoter Confidence and Strategic Growth Agenda".
EXICOM · price
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.5 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Exicom Tele-Systems has successfully concluded its Rights Issue, raising approximately INR 259.41 crore through the issuance of 18.14 lakh fully paid-up equity shares at INR 143 per share. The issue was open from July 15 to July 30, 2025, in the ratio of 3 shares for every 20 held, with a record date of July 7, 2025. The issue was oversubscribed, with promoters subscribing around INR 120 crore, reflecting strong promoter confidence in the company. Proceeds will primarily be used for debt reduction, with a target debt-to-equity ratio of 1:4 by the end of FY26, along with supporting global expansion through its Tritium business.
The oversubscribed issue with significant promoter participation signals strong confidence in Exicom's growth path. Deleveraging should strengthen the balance sheet, though the issuance of new shares will result in some dilution for existing shareholders.