Date and Recipients
Disclosure dated August 4, 2026, addressed to BSE Limited (Scrip Code: 544133) and the National Stock Exchange of India Limited (Symbol: EXICOM).
Key Event: Conversion of Debentures and Stake Dilution
The Board of Directors of Exicom Power Solutions B.V., Netherlands (Exicom B.V.), a material subsidiary of Exicom Tele-Systems Limited, has approved the conversion of Optionally Convertible Debentures (OCDs) aggregating to USD 1.5 million (approximately EUR 1.31 million) into ordinary equity shares. Each share has a nominal value of EUR 1. This conversion is being done in accordance with the terms of the underlying agreements and is subject to the completion of requisite formalities under Dutch laws.
Cumulative Conversion and Shareholding Impact
This latest conversion of USD 1.5 million is part of a series of conversions. The total amount of OCDs converted into ordinary equity shares to date is USD 7 million, which includes the present conversion.
As a result of this specific conversion, the shareholding of Exicom Tele-Systems Limited in Exicom B.V. has been diluted from 92.23% to 90.29%. Despite this dilution, Exicom B.V. will continue to be classified as a material subsidiary of the company under the SEBI Listing Regulations.
Quantitative and Qualitative Effect (Annexure A Details)
The quantitative effect of this restructuring is the dilution of the company's shareholding from 92.23% to 90.29%.
There is no benefit to the promoter, promoter group, or group companies from this restructuring, as explicitly stated.
Details of Change in Shareholding Pattern
The shareholding pattern of Exicom B.V. has changed as follows:
- Pre-transaction:
- Exicom Tele-Systems Limited: 92.23%
- Post-transaction:
- Exicom Tele-Systems Limited: 90.29%
- A Foreign investor: 9.71%