Exicom Tele-Systems Limited — Important, 01-07-2025: General Updates

Exicom Tele-Systems has announced a board meeting on July 15, 2025, to consider the financial results for the quarter and half-year. The company is raising up to ₹260 Cr via a rights issue at ₹143 per share (face value ₹10), offering 18.14 million shares in the ratio of 3 shares for every 20 held. Proceeds will fund operating expenses of its Tritium subsidiaries, repay loans including ₹1,068.66 million owed to its promoter NextWave Communications, and support general corporate purposes. The company recorded a net loss of ₹1100 million for FY25 vs. net profit of ₹639 million in FY24, with revenue declining to ₹8,676 million from ₹10,196 million.