Rights On Target: Exicom Fuels Growth with ₹260 Cr Boost

Exicom Tele-Systems Ltd. (NSE: EXIC.NS) which is the energy storage and EV charging infrastructure space leader in India has sanctioning a ₹2.60 billion rights issue for the purpose of strengthening its capital base. The move is to fund expansion plans, reduce debt and increase R&D capabilities as the company prepares for long-term growth in the clean energy and telecommunications space.

 

Key Points

Financial Highlights (FY25):

Growth Prospects

The rights issue will provide Exicom with the much-needed fiscal space to scale up operations and tap into India's rapidly growing EV and renewable energy markets. With government support in clean mobility and digital infrastructure, the company is poised to benefit from sectoral tailwinds.

 

Sources: Investing.com, Moneycontrol, Yahoo Finance