EXICOM2026-08-31EXICOM2026-08-31ActionsTakenOrOrdersPassedDomain1EXICOM2026-08-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1EXICOM2026-08-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain2EXICOM2026-08-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain3EXICOM2026-08-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain4EXICOM2026-08-31SignatoriesDomain1iso4217:INRxbrli:pureEXICOMExicom Tele-Systems Limited544133NOTLISTEDINE777F01014NewAction(s) taken or orders passed (sub-para 20)false2026-08-3112:00:002026-08-31Imposition of fine or penaltyStatutory AuthorityPrincipal Commissioner of Customs (Import), Inland Container Depot, Tughlakabad, New Delhi4Listed Entity (Self)Exicom Tele-Systems LimitedDirectorAnant NahataManaging Director &CEODirectorVivekanand KumarWhole Time DirectorKey Managerial PersonnelShiraz KhannaChief Financial OfficerPhysical LetterThe Office of the Principal Commissioner of Customs (Import), Inland Container Depot, Tughlakabad, New Delhi has issued an Order-in-Original in relation to the alleged misclassification of certain goods imported by the Company under the Customs Act, 1962 (declared as “Static Converters for Telecom” under CTH 85044090) and the consequent applicability of Basic Customs Duty (BCD) exemption under Sl. No. 4 of Notification No. 25/2005-Cus. dated March 1, 2005. The said Order has determined a customs duty liability of Rs. 14,48,80,677/- (Rupees Fourteen Crore Forty-Eight Lakh Eighty Thousand Six Hundred Seventy-Seven Only)2026-08-29The Office of the Principal Commissioner of Customs (Import), Inland Container Depot, Tughlakabad, New Delhi has issued an Order-in-Original in relation to the classification of certain goods imported by the Company under the Customs Act, 1962, which were declared as “Static Converters for Telecom” under CTH 85044090, and the consequent applicability of Basic Customs Duty (BCD) exemption under Sl. No. 4 of Notification No. 25/2005-Cus. dated March 1, 2005. The Customs Authority has taken a view different from the classification adopted by the Company. It has been alleged that the goods were in fact meant for Electric Vehicle Chargers, which were not eligible for the said exemption. The said Order has determined a customs duty liability of Rs. 14,48,80,677/- (Rupees Fourteen Crore Forty-Eight Lakh Eighty Thousand Six Hundred Seventy-Seven Only), along with applicable interest, and has imposed penalties accordingly.Not ApplicableThe Company is evaluating the Order and will file an appeal against the same within the prescribed time limit and shall take such further appropriate steps, as may be advised. Accordingly, based on the present assessment, the Company does not expect the Order to have any material financial impact on the Company. There is no impact on the Company’s operations or other activities on account of the Order.The Office of the Principal Commissioner of Customs (Import), Inland Container Depot, Tughlakabad, New Delhi has issued an Order-in-Original in relation to the alleged misclassification of certain goods imported by the Company under the Customs Act, 1962 (declared as “Static Converters for Telecom” under CTH 85044090) and the consequent applicability of Basic Customs Duty (BCD) exemption under Sl. No. 4 of Notification No. 25/2005-Cus. dated March 1, 2005. The said Order has determined a customs duty liability of Rs. 14,48,80,677/- (Rupees Fourteen Crore Forty-Eight Lakh Eighty Thousand Six Hundred Seventy-Seven Only), along with applicable interest, and has imposed penalties188344878The said Order has determined a customs duty liability of Rs. 14,48,80,677/- (Rupees Fourteen Crore Forty-Eight Lakh Eighty Thousand Six Hundred Seventy-Seven Only), along with applicable interest, and has imposed penalties as follows: (i) Rs. 14,48,80,677/- on the importer, i.e. the Company, under Section 114A of the Customs Act, 1962; (ii) Rs. 1,44,88,067/- on Mr. Anant Nahata, Managing Director & CEO of the Company, under Section 112(a)(ii) of the Customs Act, 1962; (iii) Rs. 1,44,88,067/- on Mr. Vivekanand Kumar, Whole-time Director of the Company, under Section 112(a)(ii) of the Customs Act, 1962; and (iv) Rs. 1,44,88,067/- on Mr. Shiraz Khanna, Chief Financial Officer of the Company, under Section 112(a)(ii) of the Customs Act, 1962.NAThe Company has undertaken an internal review and intiated necessary compliance measuresAlthough the Order is dated August 21, 2026, the same was physically received at the Company’s plant only in the late evening of Saturday, August 29, 2026. In view of the intervening weekend, the Order was brought to the attention of the concerned officials on the next working day, i.e., August 31, 2026. The Company has accordingly made the present disclosure promptly upon the Order being brought to the attention of the concerned officialsSangeeta KarnatakCompany Secretary and Compliance Officer2026-08-31Gurugram