Nextwave Communications Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Nextwave Communications Private Limited, the promoter of Exicom Tele-Systems, has submitted its annual disclosure for FY ending March 31, 2025. The promoter holds 67,712,513 equity shares, representing 56.04% of the company's total paid-up share capital. Of these, shares constituting 2.12% of total paid-up capital are re-pledged with a consortium of banks (Punjab National Bank, IDBI Bank, and State Bank of India) against a loan availed by the company. The promoter has confirmed that no new encumbrance was created on the company's shares during the financial year.
This is a routine annual regulatory disclosure with no material change — the promoter continues to hold a majority stake above 50%, and the pledged portion remains small at 2.12%. Shareholders should note the existing pledge against the company's loan, though no new pledging activity occurred.