Exicom Tele-Systems Limited

Key Quantitative Figures

Financial Results for Q2 and H1 FY27:

Standalone Performance:

  • Q2 Revenue: ₹2,769.82 lakhs
  • Q2 Net Profit: ₹77.95 lakhs
  • H1 Revenue: ₹5,138.11 lakhs
  • H1 Net Profit: ₹127.13 lakhs

Consolidated Performance:

  • Q2 Revenue: ₹3,663.45 lakhs
  • Q2 Net Loss: ₹567.81 lakhs
  • H1 Revenue: ₹7,194.15 lakhs
  • H1 Net Loss: ₹1,303.54 lakhs
  • Basic EPS: (₹3.66) for Q2, (₹8.64) for H1

Segment-wise Performance (Consolidated):

  • Critical Power Revenue: ₹1,746.52 lakhs (Q2), ₹3,518.64 lakhs (H1)
  • EV Charger Revenue: ₹2,136.92 lakhs (Q2), ₹3,675.50 lakhs (H1)
  • Critical Power Segment Profit: ₹71.82 lakhs (Q2), ₹202.55 lakhs (H1)
  • EV Charger Segment Loss: ₹1,403.84 lakhs (Q2), ₹2,089.27 lakhs (H1)

Dates of Action

  • Board Meeting: November 4, 2026 (11:50 AM to 1:50 PM)
  • Previous Intimation: October 31, 2026
  • Financial Period: Quarter and half year ended September 30, 2026
  • Audit Committee Meeting: November 4, 2026 (prior to Board meeting)

Parties Involved

  • Statutory Auditors: Khandelwal Jain & Co., Chartered Accountants
  • Material Subsidiary: Exicom Power Solutions B.V., Netherlands
  • Target Entities for Divestment: Tritium Power Solutions Inc. (USA), Tritium NexGen Solutions B.V. (Netherlands), Tritium Power Solutions Pty Ltd (Australia), Tritium Power Solutions Limited (UK)
  • Prospective Acquirer: Not disclosed (term sheet received)

Strategic Initiatives Approved

1. Tritium Business Divestment

  • Purpose: Optimize business portfolio and capital allocation, focus on core EV Charging and Critical Power businesses in India and international markets
  • Transaction Structures:

(i) Sale of Company's entire shareholding in Exicom Power Solutions B.V.

(ii) Sale by Exicom B.V. of its entire shareholding in Tritium subsidiaries

  • Valuation: Indicative enterprise valuation of USD 85 million on cash-free and debt-free basis
  • Status: Non-binding term sheet received; definitive documents not executed
  • Conditions: Subject to due diligence, shareholder approval, regulatory approvals, and final documentation
  • Timeline: Expected completion within current financial year (2026-27)

2. Manufacturing Consolidation

  • Action: Transition and consolidation of manufacturing operations from Plot No. 75D, Sector 18, Gurugram to existing Hyderabad and Solan facilities
  • Purpose: Optimize manufacturing footprint, improve infrastructure utilization, achieve operational efficiencies and synergies
  • Timeline: Transition expected to be completed by November 15, 2026
  • Financial Impact: 75D Facility contributed turnover of ₹3,863 lakhs (9.64% of standalone turnover) in FY 2025-26

Financial Impact Assessment

Divestment Impact:

  • Exicom Power Solutions B.V. contributed:
  • Turnover: ₹20,434.71 lakhs (17.74% of consolidated turnover)
  • Loss: ₹29,162.84 lakhs (106.38% of consolidated turnover)
  • Net Worth: ₹16,885.70 lakhs (25.93% of consolidated net worth)
  • No consideration received as of date
  • Final transaction value subject to definitive agreements

Exceptional Items:

  • Consolidated exceptional item of ₹59.07 lakhs for one-time employee-related payments including compensation for redundancies and bonus pay-outs under retention plan for organizational restructuring

Capital Structure Impact

  • Paid-up equity share capital: ₹13,907.98 lakhs (face value ₹10 each)
  • No change in share capital structure
  • Divestment may impact consolidated financial position upon completion

Governance and Compliance

  • Financial results reviewed by Audit Committee and approved by Board
  • Limited Review Reports issued by Khandelwal Jain & Co.
  • Postal Ballot Notice approved for seeking shareholder approval for divestment
  • Arrangements made for publishing QR code of financial results in newspapers as per Regulation 47

Forward-looking Statements

  • The term sheet is non-binding except for provisions relating to exclusivity, expense reimbursement, confidentiality, announcements, governing law and dispute resolution
  • No assurance that definitive agreements will be signed or transaction will conclude
  • Transaction subject to multiple approvals and conditions precedent