Exicom Tele-Systems Limited has informed the Exchange about copy of letter of offer dated July 01, 2025 for Rights Issue
EXICOM · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.1 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 Limited has filed the Letter of Offer for its Rights Issue, approved earlier by the Board on June 25, 2025. The company plans to raise up to ₹260 Crores (₹2,594.14 million) by issuing up to 1,81,40,840 fully paid-up equity shares of face value ₹10 each. The issue price is set at ₹143 per share, which includes a premium of ₹133. Eligible shareholders can subscribe in the ratio of 3 rights shares for every 20 shares held as on the record date of July 7, 2025. The issue opens on July 15, 2025, and closes on July 30, 2025, with listing expected around August 4, 2025. CARE Ratings Limited has been appointed as the Monitoring Agency, and MUFG Intime India is the Registrar to the Issue.
Existing shareholders will need to invest additional capital to maintain their proportionate stake, as the rights entitlement is being offered at a significant premium over face value. Failure to subscribe or renounce the rights could lead to dilution of holdings. The capital raise is intended to support the company's growth plans, though specific end-use details are not included in this excerpt.