Exicom Tele-Systems Ltd

Exicom Tele-Systems will hold a meeting of the Board of Directors of the Company on 5 February 2025.Powered by Capital Market - Live

Exicom Tele-Systems has joined hands with ChargeZone, India's fastest growing integrated emobility company to develop and deploy 500+ future-ready, high-power EV Charging Stations including those integrated with renewable energy. India's push towards clean energy and the increased adoption of electric vehicles make it crucial to develop and deploy scalable and sustainable charging solutions. This collaboration aligns with the government's intent of building robust EV infrastructure to accelerate the transition to emission-free mobility in the country. As a part of this collaboration Exicom will develop & supply ultra high-power Charging solutions to be deployed by ChargeZone at its upcoming hubs and public charging locations. Leveraging its design-led manufacturing capability and homegrown software stack for remote management of EV chargers, Exicom will develop solutions that boost the reliability of high-power charging, helping ChargeZone minimize range anxiety for its customers. The companies also outlined building 'greener' EV stations as one of their top priorities and shared their plans to develop and deploy renewable energy supported EV charging stations. Exicom's flagship solution in this space - Harmony Boost will form a key cornerstone of this partnership. This BESS integrated charging solution will not only ensure faster and more reliable charging but also help in optimizing energy use and reducing peak grid loads by storing excess energy for later use. Aligned with Chargezone's ethos of user experience and sustainability, this partnership will accelerate the rollout of sustainable, energy-efficient charging stations across major cities and highways in India, ensuring that EV owners have convenient, reliable access to charging facilities, while also making a significant contribution toward the country's renewable energy goals. Powered by Capital Market - Live

Exicom, India's largest EV charging and critical power solutions manufacturer, announced the signing of a Memorandum of Understanding (MoU) with Mufin Green Infra, a leading provider of turnkey project solutions for EV charging infrastructure. The partnership will focus on creating end-to-end EV charging solutions, encompassing charger installation, infrastructure setup, and software integration. The collaboration will target a wide range of customers, including charge point operators, bus operators, state utilities, and other end-users. Mufin Green Infra will be responsible for the installation of charging stations and the development of charging hubs. It will also play a key role in customer acquisition and onboarding. Further, Exicom and Mufin Green Infra will actively engage with potential customers to promote bundled solutions. These offerings will encompass charging hardware, supporting infrastructure, software, and operational services, all tailored to meet the specific needs and expectations of Charge Point Operators, public/private bus operators, state utilities, fleet operators, and government entities, while ensuring commercial viability. This partnership aims to accelerate the adoption of electric vehicles in India by providing reliable and accessible charging infrastructure. Mufin Green Infra is a leading provider of turnkey solutions for EV charging infrastructure in India, with a strong focus on operating and maintaining EV bus charging stations. Exicom is a leading Indian company specializing in EV charging solutions and critical power systems. They manufacture a wide range of AC and DC chargers for electric vehicles, supporting the growth of India's sustainable transportation sector. Exicom also provides critical power solutions for essential infrastructure like telecommunications, ensuring uninterrupted power supply. Their EV charging solutions are designed for various applications, including homes, workplaces, and public spaces, and are known for their durability and reliability. With a strong global presence and a significant number of chargers installed worldwide, Exicom plays a crucial role in advancing the global electric vehicle charging landscape. On a consolidated basis, Exicom Tele-Systems reported net loss of Rs 17.03 crore in Q2 September 2024 as against net profit of Rs 17.82 crore in Q2 September 2023. Net sales declined 19.32% YoY to Rs 153.37 crore in Q2 September 2024. Powered by Capital Market - Live

Net loss of Exicom Tele-Systems reported to Rs 17.03 crore in the quarter ended September 2024 as against net profit of Rs 17.82 crore during the previous quarter ended September 2023. Sales declined 19.32% to Rs 153.37 crore in the quarter ended September 2024 as against Rs 190.09 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales153.37190.09 -19 OPM %-9.5212.34 - PBDT-9.1026.81 PL PBT-15.6922.59 PL NP-17.0317.82 PL Powered by Capital Market - Live

Exicom Tele-Systems will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Exicom Tele-Systems announced that the 30th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Exicom Tele-Systems has entered into a Loan Agreement with Exicom Power Solutions B.V., Netherlands, a Wholly Owned Subsidiary of the Company, for granting an additional unsecured loan of Rs. 125 crore to Exicom Power Solutions B.V., Netherlands (Borrower). The purpose of this loan is for the Borrower to infuse the funds in its wholly-owned subsidiaries in the USA and Australia respectively. These subsidiaries will use the funds to support their primary business activities and to facilitate business growth and expansion. Powered by Capital Market - Live

The Board of Exicom Tele-Systems at its meeting held on 07 August 2024 has approved a strategic acquisition of Tritium group of companies' (Tritium Group) assets and business in United States of America and Australia through Exicom's wholly owned step-down subsidiaries (Tritium Acquisition). The Tritium Group designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled direct current fast chargers (DCFC) for EVs. Tritium Group is recognized as a leading industry brand globally, with a record of over 13,000 DCFCs sold in 47 countries. With this landmark acquisition, Exicom is set to unlock substantial long-term growth and value for its stakeholders. The Tritium Acquisition will add Tritium Group's manufacturing facility in Tennessee, USA, and its world-class engineering centre in Brisbane, Australia to Exicom's existing presence in Asia. This acquisition expands Exicom's global reach and amplifies its commitment to research and development to drive innovation in this growing industry. For the Tritium Acquisition, Exicom's wholly owned subsidiary (namely Exicom Power Solutions B.V., a company incorporated in Netherlands) and wholly owned step down subsidiaries (namely Tritium Power Solutions Inc., USA and Tritium Power Solutions Pty Ltd, Australia) (collectively the 'Buyers') have executed a business sale agreement ('Business Sale Agreement') today with the Tritium Group entities in United States of America (namely, Tritium America Corporation and Tritium Technologies LLC) and in Australia (namely, Tritium DCFC Limited, Tritium Holdings Pty Ltd, Tritium Pty Ltd) (collectively the 'Sellers') and their relevant receivers, managers, and agents. Powered by Capital Market - Live

Net profit of Exicom Tele-Systems rose 89.21% to Rs 18.24 crore in the quarter ended June 2024 as against Rs 9.64 crore during the previous quarter ended June 2023. Sales declined 4.86% to Rs 252.08 crore in the quarter ended June 2024 as against Rs 264.95 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales252.08264.95 -5 OPM %9.856.74 - PBDT28.9517.45 66 PBT23.9313.32 80 NP18.249.64 89 Powered by Capital Market - Live

Exicom Tele-Systems has revised the meeting of the Board of Directors which was scheduled to be held on 30 July 2024. The meeting will now be held on 5 August 2024.Powered by Capital Market - Live