EXICOM

Jan 27 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• SIGNED MOU WITH TESCO CHARGEZONE TO DEVELOP AND DEPLOY EV CHARGING STATIONS

Source text: ID:nBSEzYzgK

Further company coverage: EXIC.NS

(([email protected];;))

Jan 24 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• BAGS ORDER WORTH ~14.12 BILLION RUPEES FROM RVNL

• ORDER INCLUDES SUPPLY AND 10-YEAR MAINTENANCE OF TELECOM EQUIPMENT

Source text: ID:nBSE2WTBhC

Further company coverage: EXIC.NS

(([email protected];;))

** Shares of EV charger maker Exicom Tele-Systems EXIC.NS rise to exchange-allowed maximum of 5% to 250.09 rupees

** EXIC on Tuesday said it has signed pact with Mufin Green Infra for EV charging infrastructure

** Adds, collaboration will target customers like charge point operators, bus operators, state utilities, and other end-users

** Last month, EXIC's CEO told Reuters it eyes 50% revenue from EV charger business by 2030-end

** Since trading debut in March 2024, stock has fallen 5.6%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 7 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• SIGNS MOU WITH MUFIN GREEN INFRA FOR EV CHARGING SOLUTIONS

• TO MAKE CHARGERS EQUIPPED WITH PROPRIETARY SOFTWARE

Source text: ID:nBSE5wsjRm

Further company coverage: EXIC.NS

(([email protected];;))

By Praveen Paramasivam

Dec 5 (Reuters) - India's Exicom Tele-Systems EXIC.NS, a supplier for car makers such as Mahindra & Mahindra MAHM.NS and MG Motor, expects its electric vehicle charger business to bring in half of its annual revenue by 2030, its chief executive told Reuters.

As part of its shift towards clean energy, India has lowered import taxes on certain EVs and budgeted billions of dollars in incentives for manufacturers locally making EVs and components.

Exicom, whose chargers come bundled with six out of 10 e-cars sold in India, currently gets a bulk of its revenue from its critical power business, which makes lithium-ion batteries and power systems for telecom enterprises in India, Southeast Asia and Africa.

Its EV charging business, begun in 2019, brought in 2.43 billion rupees ($28.7 million) in revenue in fiscal 2024 - about a quarter of Exicom's overall revenue.

The company plans to double that by 2030, said CEO Anant Nahata, as India's electric vehicle sector expands at an annual rate of 30%-50%.

To do so, Exicom plans to start EV charger production at its upcoming plant in the southern Indian city of Hyderabad next year, more than quadrupling its capacity to produce chargers in the country.

It also plans to cater to more EV makers and charging point operators outside India, such as in Southeast Asia, Europe, and the United States.

Earlier this year, the brand said it would acquire Australian peer Tritium, which comes with a manufacturing facility in the southeastern U.S. state of Tennessee.

Nahata added that Exicom is exploring "organic and inorganic ways of growth" after the acquisition.

($1 = 84.7275 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)

(([email protected]; +91 867-525-3569;))

Oct 11 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• APPROVED CONVERSION OF LOAN OF 2.5 BILLION RUPEES EXTENDED TO UNIT INTO SHARES

Source text for Eikon: ID:nNSE7blWZB

Further company coverage: EXIC.NS

(([email protected];;))

Sept 18 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• ENTERED INTO LOAN AGREEMENT WITH EXICOM POWER SOLUTIONS B.V. NETHERLANDS

• UNSECURED LOAN OF UPTO 200 MILLION RUPEES TO BE PROVIDED TO UNIT

Source text for Eikon: ID:nBSE1hP4Cl

Further company coverage: EXIC.NS

(([email protected];;))

Aug 29 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• TO INCREASE PURCHASE CONSIDERATION FOR ACQUISITION OF TRITIUM GROUP OF COS

• REVISED PURCHASE CONSIDERATION CAPPED AT $32.5 MILLION

Source text for Eikon: ID:nBSE71FNKt

Further company coverage: EXIC.NS

(([email protected];;))

Aug 5 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• EXICOM TELE-SYSTEMS LTD JUNE-QUARTER CONSOL NET PROFIT 182.4 MILLION RUPEES

• EXICOM TELE-SYSTEMS LTD - INVESTMENT IN UNIT EXICOM POWER SOLUTIONS WORTH UPTO 4.7 BILLION RUPEES

• EXICOM TELE-SYSTEMS LTD JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 2.52 BILLION RUPEES

Source text for Eikon: ID:nNSE98sHYD

Further company coverage: EXIC.NS

(([email protected];))

** Shares of power management solutions provider Exicom Tele-Systems EXIC.NS rise as much as 9.7% to 361.70 rupees, hitting a record high; last up 4%

** Hubject, an e-mobility services provider, enters into a partnership with EXIC to improve the charging experience of electric vehicles (EV) drivers in India

** EXIC on track for third straight session of gains

** Busiest session for the stock since late May; about 5.9 mln shares change hands, more than two times the 30-day avg

** Stock up ~52% since listing in early March

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

April 29 (Reuters) - Exicom Tele-Systems Ltd EXIC.NS:

• EXICOM TELE-SYSTEMS - GOT CUSTOMS LETTER FOR DUTY OF 1.5 MILLION RUPEES

Source text for Eikon: ID:nNSE1LNCMC

Further company coverage: EXIC.NS

(([email protected];))

Adds analyst comment in paragraphs 5-6

By Rama Venkat

BENGALURU, April 12 (Reuters) - Bharti Hexacom's shares BHAX.NS surged 54.4% in their trading debut on Friday, beating analysts' expectations and valuing the Indian telecom operator at 440 billion rupees ($5.28 billion).

The stock opened at 755 rupees, subsequently climbing to 880 rupees. Analysts had expected the stock to list at a 10%-15% premium on its initial public offering price of 570 rupees.

So far in 2024, 64 Indian companies have gone public, raising $2.31 billion cumulatively, compared with 42 companies that $170.6 million in the same period last year, according to LSEG data.

Seventeen of the 64 companies that went public did so on the main stock exchange. Among them, Hexacom's trading pop was the second biggest so far this year. Indian EV charger maker Exicom Tele-Systems' EXIC.NS 93.3% surge on its trading debut in March was the biggest this year.

"The listing is beyond expectations and the movement thereafter even more surprising," said Arun Kejriwal, founder of Kejriwal Research and Investment Services.

"While Hexacom's IPO price was at a discount compared to what Airtel trades at, after the rise on the debut day, the companies seem to be at a similar valuation based on earnings, said Kejriwal. "One would wonder whether it makes sense to buy Hexacom or Airtel."

Billionaire Sunil Mittal-led Bharti Airtel BRTI.NS, India's No.2 telecom operator by subscribers, owns 70% of Bharti Hexacom. Bharti Airtel shares fell 0.4% at 1,224.55 rupees.

While the parent company operates across India, Bharti Hexacom offers mobile, broadband and fixed-line telephone services under the "Airtel" brand in the northwestern state of Rajasthan and some parts of northeastern India.

The 42.75-billion rupee IPO, the country's largest public issue in a year, was oversubscribed 29.88 times last week.

The Tata Group's Tata Technologies TATE.NS and JSW Group's JSW Infrastructure JSWN.NS also had strong debuts late last year, surging 180% and 32.2%, respectively.

($1 = 83.3750 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))

Adds details on the IPO from paragraph 2

BENGALURU, Sept 28 (Reuters) - India's Exicom Tele-Systems, which makes electric-vehicle chargers and energy storage systems, has filed for an initial public offering worth 4 billion rupees ($48.1 million), and an offer for sale of up to 7.4 million shares, a draft paper filed with the market regulator showed on Thursday.

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana and towards investment in research and development, it said in its draft prospectus.

Promoter Nextwave Communications will sell up to 7.4 million shares, according to the prospectus.

The book-running managers for the IPO are Monarch Networth Capital, Unistone Capital and Systematix Corporate Services.

Exicom posted a net profit of 63.7 million rupees in fiscal 2023, compared with a profit of 51.4 million rupees in the previous year.

However, its revenue fell 16% to 7.08 billion rupees.

($1 = 83.1510 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Varun H K)

(([email protected];))