Exicom Successfully Concludes Rights Issue; Reinforces Promoter Confidence and Strategic Growth Agenda
August 4, 2025, New Delhi – Exicom Tele-Systems Limited (NSE: EXICOM), one of India's leading EV charging and critical power solutions manufacturer, today announced the successful completionof its Rights Issue, raising approximately INR 259.41 crore through the issuance of fully paid-up equityshares. The issue was oversubscribed, reflecting continued confidence from shareholders and strongbacking from the promoters.
The Rights Issue was open for subscription from July 15, 2025 to July 30, 2025, it offered 18.14 lakhfully paid-up equity shares at INR 143 per share, on a rights basis, in the ratio of 3 equity sharesfor every 20 held as of the record date, July 7, 2025. The promoter subscribed to approximately INR120 crore, underscoring their long-term commitment and confidence in Exicom’s growth trajectory.
Commenting on the rights issue and the company’s overall growth outlook, Anant Nahata, Managing Director and CEO of Exicom, said: “We are grateful to our shareholders for their continued trust inExicom. The capital raised will strengthen our balance sheet and support our expansion, particularlyin international markets through Tritium."
"While Tritium’s turnaround is taking time, we are in advanced discussions for several large globalhigh-power charger deals that we believe can help change the course of the company. We will seethis fully play out starting FY27. Back home, we remain strongly optimistic about the India opportunity,driven by the steady growth in EV adoption across the country. Our Harmony Direct 2.0 continues togain traction, with early momentum translating into a strong sales pipeline. Meanwhile, Spin Air homechargers are securing consistent wins with leading OEMs, reinforcing trust in our technology andexecution." he added.
Shiraz Khanna, the company’s Chief Financial Officer, said: "This Rights Issue marks an importantstep in enhancing our financial health. The capital raised will enable us to significantly reduce debtand support sustainable growth while maintaining prudent capital discipline."
The proceeds from the Rights Issue will primarily be used for deleveraging and reducing the debt.Exicom is targeting a debt-to-equity ratio of 1:4 by the end of FY26, as part of its broader objectiveto build a more resilient and growth-ready financial structure.
In addition to debt reduction and funding general corporate expenses, the capital raised will alsosupport Exicom’s global growth plans, including deepening its presence in key internationalmarkets such as the United States, Europe and Australia through Tritium.
With this successful completion, Exicom is well-positioned to scale its EV charging and critical energysolutions while delivering long-term value to stakeholders.
About Exicom:
Exicom is one of India's leading EV charging and Critical Power solutions manufacturer, presentacross the entire EV charger value chain with a host of products across both AC & DC chargersegments and is spearheading India's transition to sustainable transportation while ensuring thesmooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom’scritical power solutions serve as the backbone of communication networks, delivering uninterruptedpower supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia,Middle East, US, Europe and over 1,50,000 chargers installed worldwide, Exicom is at the forefrontof shaping the global EV charging landscape.
Media Contact: khushboo.chawla@exicom.in | Investor Relations – investors@exicom.in