Exicom Tele-Systems extends IPO proceeds utilization timeline for ₹8.83 crore R&D funds to September 30, 2026.
Of ₹400 crore IPO proceeds, ₹390.52 crore utilized as of Q4 FY2025-26; ₹8.83 crore remains for R&D.
Extension approved via board circular resolution on March 26, 2026, citing delays in external collaborations and EV product rollout.