Exicom Tele-Systems Limited — Important, 09-05-2025: Updates

Exicom has announced a board meeting on May 15, 2025. The company extended the timeline to fully utilize ₹143.01 Cr of unutilized IPO funds to October 31, 2025, due to terrain challenges at its Telangana facility, policy changes affecting working capital, delays in EV product R&D, and pending offer-related expenses. So far, ₹256.99 Cr of the ₹400 Cr IPO proceeds have been deployed, with the balance parked in interest-bearing instruments and no change in project plans.