News ArticleExicom Tele-Systems Initiates Shareholder Vote to Divest Tritium Business through Sale of Dutch Subsidiary
Postal Ballot and remote e-voting scheduled from November 7 to December 6, 2026, with results by December 8
Exicom Tele-Systems Limited has announced a Postal Ballot seeking shareholders' approval for the divestment of its Tritium Business by selling its entire shareholding in Exicom Power Solutions B.V., a material subsidiary based in the Netherlands. The approval process includes remote e-voting scheduled from November 7 to December 6, 2026, with results to be declared by December 8, 2026.
Exicom Tele-Systems Limited
Corporate Action
Exicom Tele-Systems Limited has initiated a Postal Ballot to seek shareholder approval for the divestment of its Tritium Business by selling its entire stake in Exicom Power Solutions B.V., its material subsidiary located in the Netherlands.
The proposed divestment can be executed either by selling the Company’s entire shareholding in Exicom Power Solutions B.V. or by the subsidiary selling its entire stake in the target entities.
The Postal Ballot notice was dispatched on November 6, 2026, with voting rights determined as per shareholding on the cut-off date, October 30, 2026.
Remote e-voting for the resolution will commence at 9:00 a.m. IST on November 7, 2026, and conclude at 5:00 p.m. IST on December 6, 2026.
National Securities Depository Limited (NSDL) is providing the e-voting facility, and CS Mohd. Zafar has been appointed as the scrutinizer for the process.
Results of the Postal Ballot will be announced on or before December 8, 2026, and will be made available on the Company’s and NSDL’s websites, as well as the stock exchanges where the shares are listed.
Highlights
- Special Resolution for divestment of Tritium Business via share sale of Exicom Power Solutions B.V.
- Cut-off date for voting eligibility set to October 30, 2026.
- E-voting period from November 7 to December 6, 2026.
- Scrutinizer appointed to oversee remote e-voting process.
- Results to be declared by December 8, 2026, and published on Company and exchange websites.
Key Data Snapshot
What happened
- Exicom Tele-Systems Limited has proposed divestment of its Tritium Business.
- The divestment involves either the sale of the entire shareholding of Exicom Power Solutions B.V. by the Company or the sale of the subsidiary’s entire shareholding in its target entities.
- Shareholders’ approval is sought via a Postal Ballot conducted through remote e-voting.
Key details
- Postal Ballot notice dispatched on November 6, 2026.
- Cut-off date for shareholder eligibility to vote is October 30, 2026.
- Remote e-voting is scheduled from 9:00 a.m. on November 7 to 5:00 p.m. on December 6, 2026.
- National Securities Depository Limited (NSDL) is the e-voting service provider.
- Scrutinizer appointed is CS Mohd. Zafar of M/s. MZ & Associates.
Regulatory and governance context
- The resolution is under provisions of SEBI Listing Regulations, Companies Act 2013, Foreign Exchange Management Act 1999, and related rules.
- Applicable approvals, consents, and compliances under law are subject to completion prior to execution of the divestment.
Highlights
- Special Resolution for divestment of Tritium Business via share sale of Exicom Power Solutions B.V.
- Cut-off date for voting eligibility set to October 30, 2026.
- E-voting period from November 7 to December 6, 2026.
- Scrutinizer appointed to oversee remote e-voting process.
- Results to be declared by December 8, 2026, and published on Company and exchange websites.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Foreign Exchange Management Act, 1999
- MCA Circulars Nos. 14/2020, 17/2020, 03/2025
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