Exicom Tele-Systems CEO, MD, chairman, board of directors and AGM
NSE: EXICOMBSE: 544133Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹133.93.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,751 Cr1,264th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 2.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- −41.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- −19.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.68
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,38,04738.1% delivered
Exicom Tele-Systems board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing director and CEOAnant Nahata
- ChairpersonHimanshu Baid
- Company Secretary and Compliance OfficerSangeeta Karnatak
7 directors3 independent2 executive2 non-executive
- Anant Nahata · Managing director and CEOExecutive · joined Jun 2008 · 1 listed board · 1 committee seat
- Vivekanand KumarExecutive · joined Aug 2023 · 1 listed board · 1 committee seat
- Himanshu Baid · ChairpersonNon-executive · joined Nov 2008 · 3 listed boards · 1 as independent · 2 committee seats
- Subhash Chander RustgiNon-executive · joined Sep 2015 · 1 listed board
- Karen Wilson KumarIndependent · joined Sep 2023 · reappointed Sep 2023 · 33 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Mahua AcharyaIndependent · joined May 2024 · reappointed Aug 2024 · 24 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
- Manoj Kumar KohliIndependent · joined May 2024 · reappointed Aug 2024 · 24 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 4 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Leena Pribhdas Gidwani, left 1 Apr 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 19 May 20267 of 7 present3 independent · 94 days in between
- 13 Feb 20267 of 7 present3 independent
Audit Committee
Chair Karen Wilson Kumar
Himanshu Baid, Manoj Kumar Kohli
- 19 May 20263 of 3 present2 independent · 94 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Manoj Kumar Kohli
Himanshu Baid, Mahua Acharya
- 19 May 20263 of 3 present2 independent · 94 days in between
- 13 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Manoj Kumar Kohli
Anant Nahata, Vivekanand Kumar
No meeting listed in the filing.
Risk Management Committee
Chair Anant Nahata
Karen Wilson Kumar, Vivekanand Kumar, Shiraz Khanna
- 15 May 20263 of 4 present1 independent
Corporate Social Responsibility Committee
Chair Mahua Acharya
Anant Nahata, Subhash Chander Rustgi
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Khandelwal Jain & Co.Peer-review certificate valid to Aug 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Exicom Tele-Systems AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Exicom Tele-Systems share news and announcements
Annual general meeting, 28 Sep 2026
1,37,480 shareholders on the register on 21 Sep 2026; present: 4 promoters and 95 others; votes counted by MOHD ZAFAR / MZ & ASSOCIATES.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 66.42% · promoters 100.00% · institutions 20.04% · other public 2.79%
- ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 66.42% · promoters 100.00% · institutions 20.04% · other public 2.79%
- APPOINTMENT OF DIRECTOR IN PLACE OF THE RETIRING DIRECTOROrdinary99.94% for0.06% against
Against: promoters 0.00% · institutions 12.52% · other public 0.33%
Turnout: all 66.42% · promoters 100.00% · institutions 20.04% · other public 2.79%
- RATIFICATION OF THE REMUNERATION OF COST AUDITORS FOR THE FINANCIAL YEAR 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 66.42% · promoters 100.00% · institutions 20.04% · other public 2.79%
- APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS BETWEEN EXICOM POWER SOLUTIONS B.V., NETHERLANDS AND TRITIUM POWER SOLUTIONS PTY LTD, AUSTRALIA, SUBSIDIARIES OF THE COMPANYOrdinaryPromoters have an interest in it99.75% for0.25% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 1.22% · promoters 0.00% · institutions 20.04% · other public 2.79%
- APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS BETWEEN EXICOM POWER SOLUTIONS B.V., NETHERLANDS AND TRITIUM POWER SOLUTIONS INC., USA, SUBSIDIARIES OF THE COMPANYOrdinaryPromoters have an interest in it99.75% for0.25% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 1.22% · promoters 0.00% · institutions 20.04% · other public 2.79%
- APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS BETWEEN TRITIUM POWER SOLUTIONS PTY LTD, AUSTRALIA AND TRITIUM \POWER SOLUTIONS INC., USA, STEP-DOWN SUBSIDIARIES OF THE COMPANYOrdinaryPromoters have an interest in it99.75% for0.25% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 1.22% · promoters 0.00% · institutions 20.04% · other public 2.79%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 4 Apr 2026, 2 resolutions
1,41,808 shareholders on the register on 27 Feb 2026; votes counted by Mohd Zafar / MZ & Associates.The company's voting result (opens in a new tab)
- To approve payment of remuneration to Mr. Anant Nahata (DIN: 02216037), Managing Director and Chief Executive Officer of the CompanySpecialPromoters have an interest in it99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 1.15%
Turnout: all 4.11% · promoters 0.00% · institutions 97.31% · other public 2.21%
- To approve payment of remuneration to Mr. Vivekanand Kumar (DIN: 10244171), Whole-time Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.11%
Turnout: all 70.58% · promoters 100.00% · institutions 97.31% · other public 2.17%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 1 Feb 2026, 4 resolutions
1,46,424 shareholders on the register on 30 Dec 2025; votes counted by Mohd Zafar / MZ & Associates.The company's voting result (opens in a new tab)
- Approval for Material Related Party Transactions with Exicom Power Solutions B.V., an Unlisted Material Subsidiary of the CompanyOrdinaryPromoters have an interest in it99.28% for0.72% against
Against: promoters 0.00% · institutions 1.45% · other public 0.10%
Turnout: all 8.16% · promoters 0.00% · institutions 99.56% · other public 14.84%
- Approval for Material Related Party Transactions between Exicom Power Solutions B.V., Netherlands and Tritium Power Solutions Pty Ltd, Australia, Subsidiaries of the CompanyOrdinaryPromoters have an interest in it99.28% for0.72% against
Against: promoters 0.00% · institutions 1.45% · other public 0.09%
Turnout: all 8.16% · promoters 0.00% · institutions 99.56% · other public 14.83%
- Approval for Material Related Party Transactions between Exicom Power Solutions B.V., Netherlands and Tritium Power Solutions Inc., USA, Subsidiaries of the CompanyOrdinaryPromoters have an interest in it99.28% for0.72% against
Against: promoters 0.00% · institutions 1.45% · other public 0.09%
Turnout: all 8.16% · promoters 0.00% · institutions 99.56% · other public 14.83%
- Approval for Material Related Party Transactions between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA, Subsidiaries of the CompanyOrdinaryPromoters have an interest in it99.28% for0.72% against
Against: promoters 0.00% · institutions 1.45% · other public 0.09%
Turnout: all 8.16% · promoters 0.00% · institutions 99.56% · other public 14.83%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Sep 2025, 5 resolutions
1,53,933 shareholders on the register on 17 Sep 2025; present: 5 promoters and 95 others; votes counted by Mohd Zafar / MZ & Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone Financial Statements for the Financial Year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.28% · promoters 100.00% · institutions 89.25% · other public 3.01%
- Adoption of Audited Consolidated Financial Statements for the Financial Year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 71.28% · promoters 100.00% · institutions 89.25% · other public 3.01%
Appointment of director in place of the retiring director: To appoint a Director in place of Mr. Vivekanand Kumar (DIN: 10244171), Director who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentMoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.51% · other public 0.05%
Turnout: all 71.27% · promoters 100.00% · institutions 89.25% · other public 2.98%
- Ratification of the remuneration of Cost Auditors for the Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 71.28% · promoters 100.00% · institutions 89.25% · other public 3.01%
- Appointment of M/s. MZ & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company for a period of five consecutive years from FY 2025-26 to FY 2029-30Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 71.28% · promoters 100.00% · institutions 89.25% · other public 3.01%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 23 May 2025, 4 resolutions
1,57,727 shareholders on the register on 21 Apr 2025; votes counted by Mohd Zafar / MZ & Associates.The company's voting result (opens in a new tab)
- Approval of the amendments in the Exicom Tele-Systems Limited Employees Stock Option Scheme 2023.Special95.73% for4.27% against
Against: promoters 0.00% · institutions 81.98% · other public 9.83%
Turnout: all 73.38% · promoters 100.00% · institutions 87.01% · other public 0.20%
- Approval and Implementation of Exicom Tele-Systems Limited Employees Stock Option Scheme 2025.Special95.73% for4.27% against
Against: promoters 0.00% · institutions 81.98% · other public 10.49%
Turnout: all 73.38% · promoters 100.00% · institutions 87.01% · other public 0.19%
- Approval for extension of Exicom Tele-Systems Limited Employees Stock Option Scheme 2025 to the employees of Subsidiary Company(ies), incorporated In India or outside India, of the Company.Special95.73% for4.27% against
Against: promoters 0.00% · institutions 81.98% · other public 14.29%
Turnout: all 73.38% · promoters 100.00% · institutions 87.01% · other public 0.19%
- Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association of the Company.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 9.21%
Turnout: all 73.38% · promoters 100.00% · institutions 87.01% · other public 0.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 6 resolutions
Present: 8 promoters and 106 others.The company's voting result (opens in a new tab)
- ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
- ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
- RE-APPOINTMENT OF MR. SUBHASH CHANDER RUSTGI, AS A DIRECTOR LIABLE TO RETIRE BY ROTATIONOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.89%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
- TO CONSIDER AND RATIFY THE REMUNERATION OF COST AUDITORS FOR THE FINANCIAL YEAR 2024-25Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.03%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
- RATIFICATION AND APPROVAL FOR AMENDMENTS IN EXICOM TELE-SYSTEMS LIMITED EMPLOYEES STOCK OPTION SCHEME-2023Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.73%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
- RATIFICATION OF GRANT OF OPTIONS TO EMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY, IN INDIA OR OUTSIDE INDIA, UNDER EXICOM TELE-SYSTEMS LIMITED EMPLOYEES STOCK OPTION SCHEME – 2023.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.74%
Turnout: all 27.61% · promoters 29.84% · institutions 83.60% · other public 1.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Sep 2024, 1 resolution
The company's voting result (opens in a new tab)
- ENHANCEMENT OF THE EXISTING LIMIT UNDER SECTION 186 OF THE COMPANIES ACT 2013Special97.95% for2.05% against
Against: promoters 0.00% · institutions 20.41% · other public 0.61%
Turnout: all 77.87% · promoters 100.00% · institutions 89.67% · other public 2.33%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 Aug 2024, 3 resolutions
The company's voting result (opens in a new tab)
- To consider and approve the appointment of Mr. Manoj Kumar Kohli (DIN: 00162071)nas an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 77.87% · promoters 100.00% · institutions 85.01% · other public 2.33%
- To consider and approve the appointment of Ms. Mahua Acharya (DIN: 03030535) as annIndependent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.55%
Turnout: all 77.91% · promoters 100.00% · institutions 85.01% · other public 2.52%
- To consider and approve change in designation of Mr. Himanshu Baid (DIN: 00014008)nas Non- Executive Non- Independent Director of the CompanyOrdinary98.30% for1.70% against
Against: promoters 0.00% · institutions 16.95% · other public 0.23%
Turnout: all 77.91% · promoters 100.00% · institutions 85.01% · other public 2.51%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 4 Apr 2026, 3 fund houses
- To approve payment of remuneration to Mr. Anant Nahata (DIN: 02216037), Managing Director and Chief Executive Officer of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. No concern has been identified regarding profile, time commitment and attendance of the proposed appointee. Governance concern: No absolute cap on variable pay or total remuneration.
2 for1 against - To approve payment of remuneration to Mr. Vivekanand Kumar (DIN: 10244171), Whole-time Director of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. No concern has been identified regarding profile, time commitment and attendance of the proposed appointee. Transparency concern: The Company has not disclosed the number of options proposed to be granted, nor has it prescribed an upper limit on the potential ESOP grants that may be made to the proposed appointee in the future. In the absence of such disclosure, shareholders are unable to meaningfully assess the potential economic benefit that may accrue to him pursuant to the future ESOP grant.
2 for1 against
Mutual fund votes, meeting of 1 Feb 2026, 3 fund houses
1. To enter into, continue, renew, extend or modify arrangement(s)/ transaction(s) involving a transfer of resources or services (whether by way of individual transactions or a series of transactions) limited to (i) provision of unsecured loans by the Company to Exicom Power Solutions B.V., and (ii) purchase and sale of goods and/or availing or rendering of services, with Exicom Power Solutions B.V., which is presently a wholly-owned material subsidiary but is proposed, upon and subject to completion of its planned fund-raise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain a material subsidiary and shall also be treated as a related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 180 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
1 for0 against2. To approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Pty Ltd, Australia, involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Exicom Power Solutions B.V., Netherlands to Tritium Power Solutions Pty Ltd, Australia, and (ii) purchase and sale of goods and/or availing or rendering of services between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Pty Ltd, Australia, wherein Exicom Power Solutions B.V., Netherlands, is presently a wholly-owned material subsidiary of the Company but is proposed, upon and subject to completion of its planned fund-raise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain material subsidiary and shall also be treated as related party of the Company and Tritium Power Solutions Pty Ltd, Australia, which shall continue to remain a step-down material subsidiary and shall also be treated as related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 260 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
1 for0 against3. To approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Inc., USA involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Exicom Power Solutions B.V., Netherlands to Tritium Power Solutions Inc., USA and (ii) purchase and sale of goods and/or availing or rendering of services between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Inc., USA, wherein Exicom Power Solutions B.V., Netherlands, is presently a wholly-owned material subsidiary but is proposed, upon and subject to completion of its planned fundraise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain material subsidiary and shall also be treated as related party of the Company and Tritium Power Solutions Inc. USA, which shall continue to remain a step-down subsidiary and shall also be treated as related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 256 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
1 for0 against4. To approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Tritium Power Solutions Inc., USA to Tritium Power Solutions Pty Ltd, Australia, and (ii) purchase and sale of goods and/or availing or rendering of services between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA, step-down subsidiaries and related parties of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) (proposed to be undertaken after the cessation of the wholly-owned subsidiary exemption under Regulation 23(5) of the SEBI Listing Regulations) shall not exceed Rs. 327 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
1 for0 againstTo approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Inc., USA involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Exicom Power Solutions B.V., Netherlands to Tritium Power Solutions Inc., USA and (ii) purchase and sale of goods and/or availing or rendering of services between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Inc., USA, wherein Exicom Power Solutions B.V., Netherlands, is presently a wholly-owned material subsidiary but is proposed, upon and subject to completion of its planned fundraise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain material subsidiary and shall also be treated as related party of the Company and Tritium Power Solutions Inc. USA, which shall continue to remain a step-down subsidiary and shall also be treated as related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 256 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
2 for0 againstTo approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Pty Ltd, Australia, involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Exicom Power Solutions B.V., Netherlands to Tritium Power Solutions Pty Ltd, Australia, and (ii) purchase and sale of goods and/or availing or rendering of services between Exicom Power Solutions B.V., Netherlands, and Tritium Power Solutions Pty Ltd, Australia, wherein Exicom Power Solutions B.V., Netherlands, is presently a wholly-owned material subsidiary of the Company but is proposed, upon and subject to completion of its planned fund-raise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain material subsidiary and shall also be treated as related party of the Company and Tritium Power Solutions Pty Ltd, Australia, which shall continue to remain a step-down material subsidiary and shall also be treated as related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 260 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
2 for0 againstTo approve material related party transactions proposed to be entered into, continued, renewed, extended or modified between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA involving a transfer of resources or services (whether by way of individual transactions or a series of transactions), limited to (i) provision of unsecured loans by Tritium Power Solutions Inc., USA to Tritium Power Solutions Pty Ltd, Australia, and (ii) purchase and sale of goods and/or availing or rendering of services between Tritium Power Solutions Pty Ltd, Australia and Tritium Power Solutions Inc., USA, step-down subsidiaries and related parties of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) (proposed to be undertaken after the cessation of the wholly-owned subsidiary exemption under Regulation 23(5) of the SEBI Listing Regulations) shall not exceed Rs. 327 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
2 for0 againstTo enter into, continue, renew, extend or modify arrangement(s)/ transaction(s) involving a transfer of resources or services (whether by way of individual transactions or a series of transactions) limited to (i) provision of unsecured loans by the Company to Exicom Power Solutions B.V., and (ii) purchase and sale of goods and/or availing or rendering of services, with Exicom Power Solutions B.V., which is presently a wholly-owned material subsidiary but is proposed, upon and subject to completion of its planned fund-raise, to cease to be a wholly-owned subsidiary and shall thereafter continue to remain a material subsidiary and shall also be treated as a related party of the Company (within the meaning of Section 2(76) of the Act, and/ or Regulation 2(1)(zb) of the SEBI Listing Regulations), provided that the aggregate value of all such transaction(s) shall not exceed Rs. 180 Crores and to such contract(s)/arrangement(s)/transaction(s) being undertaken on arm’s length basis and in the ordinary course of business.MoreLess
2 for0 against
5 earlier meetings
Mutual fund votes, meeting of 24 Sep 2025, 3 fund houses
- Adoption of Audited Standalone Financial Statements for the Financial Year ended March 31, 20253 for0 against
- Adoption of Audited Consolidated Financial Statements for the Financial Year ended March 31, 20253 for0 against
Appointment of director in place of the retiring director: To appoint a Director in place of Mr. Vivekanand Kumar (DIN: 10244171), Director who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointmentMoreLess
3 for0 against- Ratification of the remuneration of Cost Auditors for the Financial Year 2025-263 for0 against
- Appointment of M/s. MZ & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company for a period of five consecutive years from FY 2025-26 to FY 2029-303 for0 against
Mutual fund votes, meeting of 23 May 2025, 2 fund houses
- Approval of the amendments in the Exicom Tele-Systems Limited Employees Stock Option Scheme 2023.
Against quant Mutual Fund
- quant Mutual FundRelated to the approvals for the company’s ESOP schemes 2023 and 2025. Related to ESOP 2023, Governance concern: Scheme in which the options are proposed to be transferred, is not in accordance with law. Related to ESOP 2025: Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise Price or pricing formula not adequately disclosed. Hence, we are voting against these resolutions.
1 for1 against - Approval and Implementation of Exicom Tele-Systems Limited Employees Stock Option Scheme 2025.
Against quant Mutual Fund
- quant Mutual FundRelated to the approvals for the company’s ESOP schemes 2023 and 2025. Related to ESOP 2023, Governance concern: Scheme in which the options are proposed to be transferred, is not in accordance with law. Related to ESOP 2025: Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise Price or pricing formula not adequately disclosed. Hence, we are voting against these resolutions.
1 for1 against - Approval for extension of Exicom Tele-Systems Limited Employees Stock Option Scheme 2025 to the employees of Subsidiary Company(ies), incorporated In India or outside India, of the Company.
Against quant Mutual Fund
- quant Mutual FundRelated to the approvals for the company’s ESOP schemes 2023 and 2025. Related to ESOP 2023, Governance concern: Scheme in which the options are proposed to be transferred, is not in accordance with law. Related to ESOP 2025: Non-compliant with SEBI (SBEB & SE) Regulations, 2021: Exercise Price or pricing formula not adequately disclosed. Hence, we are voting against these resolutions.
1 for1 against - Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association of the Company.2 for0 against
Mutual fund votes, meeting of 27 Sep 2024, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- ADOPTION OF AUDITED STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 20242 for0 against
- ADOPTION OF AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 20242 for0 against
- RE-APPOINTMENT OF MR. SUBHASH CHANDER RUSTGI, AS A DIRECTOR LIABLE TO RETIRE BY ROTATION2 for0 against
- RATIFICATION AND APPROVAL FOR AMENDMENTS IN EXICOM TELE-SYSTEMS LIMITED EMPLOYEES STOCK OPTION SCHEME-20232 for0 against
- RATIFICATION OF GRANT OF OPTIONS TO EMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY, IN INDIA OR OUTSIDE INDIA, UNDER EXICOM TELE-SYSTEMS LIMITED EMPLOYEES STOCK OPTION SCHEME – 2023.2 for0 against
2 proposals not matched to one resolution
1. Adoption of audited standalone financial statements for the financial year ended March 31, 2024. 2. Adoption of audited consolidated financial statements for the financial year ended March 31, 2024. 3. Re-appointment of Mr. Subhash Chander Rustgi, as a director liable to retire by rotation. 4. To consider and ratify the remuneration of Cost Auditors for the financial year 2024-25. 5. Ratification and approval for amendments in Exicom Tele-Systems Limited Employees Stock Option Scheme-2023. 6. Ratification of grant of options to Employees of the Subsidiary Company(ies) of the Company, in India or Outside India, under Exicom Tele-Systems Limited Employees Stock Option Scheme-2023.MoreLess
1 for0 againstRatification of remuneration of Rs. 1,30,000/- plus applicable taxes and out of pocket expenses to be incurred in connection with the cost audit payable to M/s. SKG and Co., Cost Accountants (having Firm Registration Number: 000418), who are appointed as the Cost Auditors to conduct the audit of the cost records maintained by the Company, for the financial year ending March 31, 2025.MoreLess
2 for0 against
Mutual fund votes, meeting of 6 Sep 2024, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- ENHANCEMENT OF THE EXISTING LIMIT UNDER SECTION 186 OF THE COMPANIES ACT 20131 for0 against
2 proposals not matched to one resolution
1. To consider and approve the appointment of Mr. Manoj Kumar Kohli (DIN:00162071) as an Independent Director of the Company. 2. To consider and approve the appointment of Ms. Mahua Acharya (DIN: 03030535) as an Independent Director of the Company. 3. To consider and approve change in designation of Mr. Himanshu Baid (DIN: 00014008) as Non-Executive Non-Independent Director of the Company.MoreLess
1 for0 againstTo (a) give any loan(s) to any person or other body corporate and/ or (b) give any guarantee(s) or provide security(ies) (including in the nature of indemnity(ies)) in connection with a loan to any other body corporate or person and/ or (c) make investment (by way of subscription, purchase or otherwise) in the securities of any other body corporate including in Equity Shares, Preference Share(s), Debenture(s), Debenture Stock(s), Inter Corporate Deposits (excluding bank deposits) of Body Corporate(s), Securitized Debt Instruments viz. Pass through Certificates (PTC) etc., Government Securities, unit(s) of schemes of Alternative Investment Funds, units of schemes of Mutual Funds and other Securities as defined under Securities Contracts (Regulation) Act, 1956 in one or more tranches, from time to time, up to the maximum amount of Rs. 1500 crores notwithstanding that the investments/ acquisitions, loans, guarantees, securities, indemnities to be provided along with Company’s existing loans or guarantee/ security/ indemnity or investments/ acquisitions may exceed sixty percent of the Company’s paid-up shares capital, free reserves and securities premium account or one hundred percent of its free reserves and securities premium account, whichever is more.MoreLess
Against JM Financial Mutual Fund
- JM Financial Mutual FundCompliant with the law. Governance Concern: Open ended resolution; Non-disclosure of specific plan for utilization of said limit.
1 for1 against
Mutual fund votes, meeting of 9 Aug 2024, 3 fund houses
- To consider and approve the appointment of Mr. Manoj Kumar Kohli (DIN: 00162071)nas an Independent Director of the Company3 for0 against
- To consider and approve the appointment of Ms. Mahua Acharya (DIN: 03030535) as annIndependent Director of the Company3 for0 against
- To consider and approve change in designation of Mr. Himanshu Baid (DIN: 00014008)nas Non- Executive Non- Independent Director of the Company
Against JM Financial Mutual Fund
- JM Financial Mutual FundCompliant with law. Governance concern: Cooling off period not served.
2 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtExicom Power Solutions B.V.Since 22 Apr 2026
−7.77% bought in the quarter; holding 92.23%, from 100.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | Part financing the cost towards setting up of production/assembly lines at the planned manufacturing facility at Telangana | 151.47 | 151.47 | No |
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | Repayment/pre payment, in part or full, of certain borrowings of our Company | 50.30 | 50.30 | No |
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | part-funding incremental working capital requirements | 69.00 | 69.00 | No |
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | Investment in R&D and product development | 40.00 | 40.00 | No |
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | General Corporate Purpose | 61.00 | 61.00 | No |
| Public IssuesMar 2024, checked by CARE RATINGS LIMITED | 400.00 | Offer expenses related | 28.23 | 28.23 | No |