Exicom promoter group merger boosts key entity's stake

Exicom Tele-Systems Limited announced an inter-se change in shareholding among its promoter group entities following the sanction of a scheme of amalgamation by the National Company Law Tribunal (NCLT) on October 9, 2025. The order was pronounced on October 16, 2025. This scheme involved the merger of Shankar Sales Promotion Private Limited (SSPPL) and Vinsan Brothers Private Limited (VBPL) into Satellite Finance Private Limited (SFPL), an existing promoter group entity.

Upon the scheme's effectiveness and registration by the Ministry of Corporate Affairs on December 1, 2025, VBPL's 4,251,619 equity shares (3.06%) in Exicom vested in SFPL. This has resulted in SFPL's shareholding in Exicom Tele-Systems increasing from 4,530,000 equity shares (3.26%) to a total of 8,781,619 equity shares (6.32%). SSPPL, while part of the promoter group, did not hold any equity shares in the company prior to the amalgamation.

Exicom clarified that this amalgamation constitutes an intra-group restructuring and therefore does not lead to any change in the overall promoter and promoter group shareholding in the company. The disclosure was made upon receipt of information from SFPL.