EV stock in focus after raising ₹259 Cr via rights issue for debt reduction and expansion

Synopsis:
Exicom Tele-Systems has raised Rs. 259.41 crore through an oversubscribed Rights Issue to reduce debt and expand globally.

A small-cap company that is engaged in manufacturing EV chargers and critical power components is in the spotlight after announcing the successful raising of funds through a rights issue, followed by management guidance.

With the market capitalization of Rs. 2,058.24 crore, the shares of Exicom Tele-Systems Ltd is trading at Rs. 147.99, up by 1.21 percent from its previous day’s close price of Rs. 146.23 per equity share, and it has reached a high of Rs. 150.42 in the same trading day.

What’s the News?

Exicom Tele-Systems Ltd. successfully completed its oversubscribed Rights Issue, raising Rs. 259.41 crore by offering 18.14 lakh shares at Rs. 143 each from July 15-30, 2025.  The Rights were issued in the ratio of 3 equity shares for every 20 shares held with the record date on 7 July, 2025. The promoters’ contribution of approximately Rs. 120 crore demonstrates strong shareholder confidence and long-term commitment to the company’s growth.

CFO Shiraz Khanna stated that the Rights Issue will help Exicom’s financial position by reducing debt and promoting long-term growth. The funds will be used primarily to deleverage, with the goal of achieving a debt-to-equity ratio of 1:4 by FY26.

Furthermore, the capital will fund general corporate needs and support global expansion, particularly in markets such as the United States, Europe, and Australia via Tritium.

Management View

Exicom CEO Anant Nahata expressed gratitude to shareholders, stating that the funds raised will strengthen Exicom’s balance sheet and support international expansion through Tritium. He acknowledged that Tritium’s turnaround is slow, but he expects major global deals to materialize in FY27. In India, he remains optimistic due to rising EV adoption, with strong traction for Harmony Direct 2.0 and consistent wins for Spin Air home chargers from top OEMs.

About the Company & Others

Exicom is a leading Indian manufacturer of EV charging and critical power solutions, with a diverse portfolio of AC and DC chargers. It plays a vital role in promoting sustainable transportation and ensuring consistent power for telecom infrastructure.

With over 1.5 lakh chargers installed worldwide and a presence in India, Southeast Asia, the Middle East, the United States, and Europe, Exicom is actively shaping the global EV charging scene.

Written by Akshay Sanghavi

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