Exicom Tele-Systems Ltd has received a tax order imposing a ₹9 million penalty related to past assessments. The company is currently evaluating the order and may pursue legal remedies. The development comes amid its ongoing expansion in EV charging and critical power infrastructure.
Exicom Tele-Systems Ltd, a key player in India’s EV charging and critical power solutions space, has disclosed that it has received a tax order levying a penalty of ₹9 million. The penalty pertains to historical tax assessments, though specific details of the infraction have not been publicly disclosed.
The company stated that it is reviewing the order internally and consulting legal advisors to determine the next course of action. Exicom emphasized that the penalty will not materially impact its financial position or ongoing operations.
This development comes at a time when Exicom is actively expanding its footprint in lithium-ion energy storage systems and EV charging infrastructure, with recent rights issues and strategic partnerships aimed at scaling its manufacturing and service capabilities across India and Southeast Asia.
Key Highlights:
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Penalty Amount: ₹9 million
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Nature: Tax order related to past assessments
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Company Response: Legal review underway; potential appeal being considered
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Operational Impact: No material effect on business continuity
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Sector Focus: EV charging, lithium-ion storage, telecom power systems
Exicom’s proactive stance on compliance and legal clarity reflects its commitment to governance amid rapid sectoral growth.
Sources: Trendlyne, Economic Times, Chittorgarh