Strong Investor Backing Fuels Fundraise
Exicom Tele-Systems Limited (NSE: EXICOM) has successfully raised approximately ₹259.41 crore through an oversubscribed Rights Issue, underscoring strong market trust and sustained promoter commitment. Open from July 15 to July 30, 2025, the issue offered 18.14 lakh fully paid-up equity shares at ₹143 each, in a ratio of 3 shares for every 20 held. Promoters alone subscribed to about ₹120 crore, signalling long-term confidence in the company’s growth roadmap.
Strategic Use of Capital: Debt Reduction and Global Push
The primary aim of the capital infusion is debt reduction—Exicom is targeting a healthier debt-to-equity ratio of 1:4 by FY26. This deleveraging is part of a broader financial restructuring plan to build a more resilient balance sheet. Additionally, funds will be channelled toward corporate needs and an ambitious global expansion strategy, with a focus on scaling operations in the United States, Europe, and Australia through its international arm, Tritium—identified as key markets for its EV charging and energy storage solutions.
Product Momentum and Market Outlook
Speaking on the milestone, MD & CEO Anant Nahata highlighted the dual growth story—international opportunities and India’s fast-growing EV ecosystem. While Tritium’s turnaround is progressing, discussions for large global high-power charger contracts are underway, with meaningful results expected from FY27. Domestically, flagship products like Harmony Direct 2.0 are seeing strong pipeline growth, while the Spin Air home chargers continue to gain OEM trust, solidifying Exicom’s leadership in home and commercial EV charging.
Positioned for Sustainable, Scalable Growth
CFO Shiraz Khanna affirmed that the fundraise marks a pivotal step toward bolstering Exicom’s financial health, enabling both sustainable growth and disciplined capital deployment. With debt reduction, global expansion, and robust product demand in motion, Exicom is strategically placed to accelerate its role in the global clean energy and EV charging sector, delivering long-term value for shareholders and stakeholders alike.
