Exicom Tele-Systems Limited has informed the Exchange that Rights Issue committee of the Board of Directors at its meeting held on July 01, 2025, has decided to issue equity shares on rights basis in the ratio of 3 : 20, i.e 3 Equity Shares for every 20 Equity Shares held. Issue Price is 143 per share.
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Exicom Tele-Systems has finalized the terms of its rights issue approved earlier by the Board. The company will issue equity shares of face value ₹10 each at ₹143 per share (including a premium of ₹133). Existing shareholders can subscribe in the ratio of 3 shares for every 20 shares held. The total issue size is up to ₹259.41 crores, with up to 1.81 crore new shares to be issued. The record date for eligibility is July 7, 2025, the issue opens on July 15, 2025, and closes on July 30, 2025. Post-issue, the company's outstanding shares will increase from about 12.09 crore to 13.91 crore.
Eligible shareholders as on July 7, 2025 will receive rights entitlements and can subscribe to additional shares. The issue price of ₹143 is at a significant premium to face value, and shareholders should compare it with current market price to decide whether to subscribe. Non-subscribing shareholders will see their holding diluted by roughly 13%.