Exicom Tele-Systems Limited — Others, 13-05-2025: Monitoring Agency Report

Exicom Tele-Systems has announced that Rs. 256.99 crore of the Rs. 400 crore raised through its IPO and pre-IPO placement has been deployed, mainly for its Telangana manufacturing facility (Rs. 83.18 crore, completion expected by October 2025), repayment of borrowings (fully completed), working capital (Rs. 34.96 crore, with plans linked to a large Rs. 1,680 crore advance order from FY26), R&D (Rs. 3.73 crore, delayed due to external dependencies), and offer expenses. The remaining Rs. 143.01 crore is held in fixed deposits and bank accounts for future deployment. Fund utilization has been impacted by industry slowdown and policy shifts, but projects remain on track.