Exicom Tele-Systems Limited — Updates, 04-08-2025: Press Release

Exicom successfully closed its Rights Issue, raising ~INR 259.41 Cr, with promoters investing INR 120 Cr. This capital boost aims to significantly reduce debt, targeting a 1:4 debt-to-equity ratio by FY26, and fund global expansion via Tritium. While Tritium's turnaround is awaited, discussions for major global charger deals are advanced. Domestically, India EV growth remains strong, with Harmony Direct 2.0 and Spin Air chargers gaining traction. This move strengthens Exicom's financial health for sustainable growth.