Exhicon Events Media Solutions Limited has officially appointed M/s. JHS & Associates LLP as its internal auditors for a two-year term covering financial years 2025-26 and 2026-27. The appointment was approved by the company's board of directors during their meeting held on March 18, 2026, following recommendations from the audit committee.

Board Meeting Outcome

The board meeting commenced at 01:00 PM and concluded at 01:40 PM on March 18, 2026. The appointment decision was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has communicated this outcome to BSE Limited, where it trades under scrip code 543895.

About JHS & Associates LLP

M/s. JHS & Associates LLP is a peer-reviewed chartered accounting firm incorporated on February 28, 1981, bringing over 44 years of legacy in delivering professional services. The firm maintains a pan-India presence with 13+ offices across Maharashtra, Gujarat, Delhi, Bengaluru, Kolkata, and Chennai, supported by a team of 700+ professionals serving 1,000+ clients.

Key Credentials and Leadership

The firm holds CERT-In empanelment as an Information Security Auditing Organisation, valid until September 2028. JHS & Associates LLP is led by a governance board comprising experienced chartered accountants:

• CA Huzeifa Unwala (FCA, CISA, ISO 27001)
• CA Nikhel Kochhar (FCA, CIA)
• CA Kalpesh Parmar (B. Com Hons, FCA)
• CA Sharad Mohata (B. Com Hons, FCA, ICWAI)
• CA Vinod Joshi (FCA, MBA Finance)

Comprehensive Service Portfolio

JHS & Associates LLP offers extensive professional services across multiple domains including assurance services such as statutory and internal audits, IT and cyber security audits, forensic audits, and SOC certification audits. Their consulting services encompass internal financial controls, risk management frameworks, business advisory, and merger planning.

Regulatory Compliance

The appointment reflects Exhicon Events Media Solutions Limited's commitment to maintaining robust internal audit processes and corporate governance standards. Company Secretary and Compliance Officer Pranjul Jain (Membership No. A67725) has formally communicated the board meeting outcome to the stock exchange, ensuring full regulatory compliance under SEBI listing regulations.

Exhicon Events Media Solutions Limited has secured a major infrastructure development contract, winning the tender for developing a Convention & Exhibition Centre in Mohali, Punjab, under a Build-Operate-Transfer (BOT) Public-Private Partnership framework with the Government of Punjab. This strategic win marks a significant expansion into long-term event infrastructure development for the company.

Project Structure and Investment

The PPP arrangement involves substantial commitments from both parties, creating a comprehensive development framework:

Under this structure, the Government of Punjab will provide the land while Exhicon Events Media Solutions will undertake the design, development, operations and long-term management of the Convention & Exhibition Centre. The development will include integrated hospitality and retail components, enabling multiple revenue streams from exhibitions, conferences, corporate events, entertainment events, hospitality and venue services.

Strategic Timeline and Launch Event

The project follows an ambitious timeline with a high-profile launch event planned. The first phase is expected to be completed by October 2027, positioning the facility to host the 2027 edition of the Progressive Punjab Investors Summit in March 2027. This summit, organised by the Government of Punjab, highlights the strategic relevance of the venue in supporting the state's global investment outreach initiatives.

The facility is designed as a modern convention and exhibition destination capable of hosting large-scale exhibitions, conferences, concerts, summits and social events, addressing the growing demand for event infrastructure in the Chandigarh–Mohali region, one of North India's key economic corridors.

Financial Incentives and Viability

A key aspect of the project's financial structure involves government incentives that significantly enhance its viability. The total project investment is proposed to be reimbursed through incentives under the 'Invest Punjab' initiative, strengthening the financial viability while enhancing potential returns and long-term value creation for shareholders.

Existing Portfolio and Strategic Positioning

Exhicon Events Media Solutions brings substantial operational experience to this project through its existing venue portfolio:

This existing infrastructure provides the company with a strong operational foundation in the events, hospitality and venue management ecosystem, supporting its capability to execute the Mohali project successfully.

Growth Strategy and Future Outlook

The Mohali project represents a continuation of Exhicon's strategy to build a portfolio of strategic event infrastructure assets. This approach strengthens its position as a developer and operator of convention and exhibition venues in India while creating scalable long-term revenue opportunities and asset growth for shareholders. The company has indicated that further updates on project execution timelines and development milestones will be announced in due course.