Exicom Tele-Systems Limited — Results, 05-02-2025: Integrated Filing- Financial

Exicom Tele-Systems Limited has announced a board meeting to discuss the financial results for the quarter and nine months ended December 31, 2024. The company raised ₹400 crore through a public issue and pre-IPO placement, with no deviations noted in the utilization of these funds. Key expenditures include ₹57.01 crore for setting up production lines in Telangana and ₹29.11 crore for working capital, primarily on EV battery imports. Delays in project execution were acknowledged, indicating a more cautious cash flow approach moving forward. This implies a potential risk to operational timelines, but a positive outlook remains as funds are expected to be allocated in subsequent quarters.