Exicom Tele-Systems Limited has informed the Exchange about (i) approval of proposed Material Related Party transactions subject to Shareholders' Approval (ii) Approval of Postal Ballot Notice.
EXICOM · price
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Exicom Tele-Systems' Board of Directors, via a resolution passed by circulation on December 31, 2025, approved proposed Material Related Party Transactions involving the company and its subsidiaries, as well as between subsidiaries and step-down subsidiaries. The value of these transactions exceeds the materiality thresholds under SEBI's Listing Regulations (Regulation 23), so they have also been approved by the Audit Committee and now require shareholders' approval. The company clarified that these transactions are in the ordinary course of business and conducted at arm's length. The Board also approved the draft Postal Ballot Notice to seek shareholders' consent, which will be dispatched to shareholders in due course. No specific transaction value or counterparty details were disclosed in this filing.
This is a procedural disclosure — the transactions are yet to happen and still need shareholder approval via postal ballot. Shareholders should watch for the Postal Ballot Notice to review the specific transaction details and vote. There is no immediate impact on earnings or stock price, but voting outcomes could affect related-party dealings within the group.