EV Stock Jumps After Company to Raise ₹260 Cr via 3:20 Rights Issue

By EV Update IndiaJul 2, 2025

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📈 EV Stock Rises as Exicom Tele-Systems Announces ₹260 Cr Rights Issue
📄 What Does the Rights Issue Mean for EV Stock Investors?
- 📅 Key Dates:
🏭 Exicom’s Position in the EV & Power Market
💰 Financial Health & Order Book
🔍 Why EV Stock Analysts Are Watching Closely
🧠 Expert Commentary
🏁 Conclusion: What This Means for EV Stock Enthusiasts

📈 EV Stock Rises as Exicom Tele-Systems Announces ₹260 Cr Rights Issue

EV stock watchers were met with positive momentum as Exicom Tele-Systems Limited’s stock rose nearly 2% during Wednesday’s trading session on the Bombay Stock Exchange (BSE). The reason? The company has secured approval from its Rights Issue Committee to raise ₹260 crore through a 3:20 rights issue—giving eligible shareholders a significant opportunity to acquire more equity at a discounted rate.

The EV stock of Exicom Tele-Systems hit an intraday high of ₹204.65, up from its previous close of ₹201.05, pushing market cap estimates to ₹2,431 crores. While the stock has seen a decline of around 61% over the past year, it has shown signs of revival with a 10% gain in the last month alone.

📄 What Does the Rights Issue Mean for EV Stock Investors?

According to recent regulatory filings, Exicom’s Rights Issue Committee has formally approved the Letter of Offer. The proposed issue involves up to 1.81 crore fully paid equity shares with a face value of ₹10 per share. These shares will be offered at ₹143 (including a premium of ₹133) aiming to raise approximately ₹259.4 crore in total.

The rights entitlement ratio is 3 shares for every 20 equity shares held, and the record date has been set as Monday, 7th July 2025.

📅 Key Dates:

Opening Date: Tuesday, 15th July 2025
Closing Date: Wednesday, 30th July 2025
Allotment Date: Thursday, 31st July 2025
Listing Date: Monday, 4th August 2025

This update has put EV stock traders and analysts on alert, especially given the strategic timing and aggressive pricing of the issue.

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🏭 Exicom’s Position in the EV & Power Market

Exicom Tele-Systems is a critical player in the EV ecosystem. Known for manufacturing EV chargers and lithium-ion batteries, the company also develops power electronics solutions for global telecom and IT infrastructure. Its manufacturing and R&D presence spans Gurugram, Solan, and Bangalore, making it a cornerstone of India’s clean-tech and EV push.

💰 Financial Health & Order Book

Despite the positive movement in its EV stock, Exicom’s financials reveal a mixed bag:

Revenue Drop: From ₹301 crore in Q4 FY24 to ₹266 crore in Q4 FY25 (↓12%)
Profit to Loss: Net profit of ₹27 crore turned into a ₹62 crore loss in the same period

However, the company has a robust open order book of ₹1,500+ crore in the Critical Power segment, signaling strong future demand and execution potential.

🔍 Why EV Stock Analysts Are Watching Closely

For analysts and traders tracking EV stock performance in India, this announcement adds both value and intrigue. Here’s why:

Investor Sentiment: A rights issue often signals confidence from the company’s board, encouraging long-term shareholders.
Expansion Plans: The capital infusion could help scale EV charger manufacturing and battery tech—core pillars of India’s green mobility mission.
Market Volatility: With a volatile 12-month performance, any uptick linked to strategic announcements offers tactical trade opportunities.

🧠 Expert Commentary

“This rights issue is a bold move by Exicom, especially in a recovering market. With a strong order book and expansion in EV infrastructure, this capital raise could shift the sentiment around its EV stock,” — Market Analyst, Mumbai-based brokerage.

🏁 Conclusion: What This Means for EV Stock Enthusiasts

For anyone invested or interested in EV stock, Exicom’s ₹260 crore rights issue at a 3:20 ratio is a significant development. It reflects both the company’s capital needs and its strategic vision to expand within the fast-growing EV and power electronics space.

As India aims to accelerate EV adoption, companies like Exicom that supply the underlying infrastructure could see substantial long-term growth. The stock’s recent uptick, coupled with positive investor interest, positions it as a must-watch in the EV segment.