Exicom Tele-Systems Limited — Others, 05-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Exicom Tele-Systems Limited has provided an update regarding the utilization of funds raised through its recent Public Issue, confirming there are no deviations between the projected and actual fund usage for the third quarter ending December 31, 2024. The Audit Committee has reviewed the fund allocation, which totaled Rs. 400 crore, used primarily for working capital needs and production facility development in Telangana. Though delays in project execution have occurred, the company anticipates utilizing the remaining funds in upcoming quarters. This consistent fund management may contribute to a positive outlook for investors seeking stability in operations and financial health.