Exicom Tele-Systems has entered into a Loan Agreement with Exicom Power Solutions B.V., Netherlands, a Wholly Owned Subsidiary of the Company. Under this Agreement, an unsecured loan of upto Rs 20 crore will be provided to Exicom Power Solutions B.V., Netherlands (Borrower), in one or more tranches. The purpose of this loan is for the Borrower to infuse the funds in its wholly-owned subsidiaries. These subsidiaries will use the funds to support their primary business activities and to facilitate business growth.
Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.