Exicom Tele-Systems Limited has informed the Exchange about appointment of Secretarial Auditors of the Company for a period of 5 consecutive financial years, from FY 2025-26 to 2029-30, subject to approval of the shareholders in the upcoming 31st AGM.
EXICOM · price
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Exicom Tele-Systems' Board approved three items on August 11, 2025. First, the company posted Q1 FY26 unaudited results, with consolidated revenue from operations of about ₹457 crore but a net loss of roughly ₹61 crore (standalone revenue was around ₹414 crore with a loss of about ₹26 crore). Second, the Board appointed M/s MZ & Associates as Secretarial Auditors for five years (FY 2025-26 to 2029-30), pending shareholder approval at the 31st AGM. Third, the deadline to use remaining IPO money was pushed from October 31, 2025 to March 31, 2026 — of the ₹400 crore raised, ₹291.82 crore has been spent so far and ₹108.18 crore is still unspent, with the company citing pending optimization work at its Hyderabad plant and R&D efforts tied to upcoming EV product launches.
The results show the company is still posting quarterly losses, which shareholders should note. The IPO timeline extension is routine but worth tracking since ₹108 crore remains undeployed; the company says the delay is due to plant readiness and EV product alignment. The new secretarial auditor appointment is a standard governance step and not a red flag.