Exhicon Events Media Solutions Limited has appointed M/s Bilimoria Mehta & Co as its statutory auditor for a term of five years, effective from the financial year 2026-27 to 2030-2031. The appointment, approved by the Board of Directors on July 07, 2026, fills the casual vacancy created by the resignation of the previous auditor, M/s Piyush Kothari & Associates. The new appointment is subject to shareholder approval at the ensuing Extra-Ordinary General Meeting.

The resignation of M/s Piyush Kothari & Associates was effective June 30, 2026, and was attributed to commercially unviable audit remuneration. The firm had completed the statutory audit for the financial year ended March 31, 2026, issuing the report on May 18, 2026. The outgoing auditor confirmed there were no material reasons for the resignation beyond the commercial viability of fees.

M/s Bilimoria Mehta & Co brings extensive experience, having been established in 1977 with offices in Mumbai, Delhi, and Bangalore. The firm offers a range of assurance services, including statutory audits, internal audits, and risk advisory, and serves listed companies across various sectors such as media, technology, and manufacturing.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the new auditor holds a Firm Registration Number (FRN) of 101490W.

Auditor Transition Details

Exhicon Events Media Solutions has initiated a postal ballot process seeking shareholder approval to migrate the listing of its equity shares from the BSE SME platform to the Main Board of BSE Limited and the National Stock Exchange of India Limited. The move aims to enhance market visibility, attract increased retail investor participation, and improve liquidity for the company's securities. The transition is subject to the approval of members, the stock exchanges, and other statutory authorities.

The company’s equity shares were listed on the BSE SME platform effective April 17, 2023. As per the notice, the paid-up share capital stands at ₹14,76,65,000, divided into 1,47,66,500 equity shares of ₹10 each. The Board of Directors believes that migration to the Main Board will place the company within a wider investor ecosystem and contribute to long-term growth and goodwill.

The resolution requires a special majority via remote e-voting. In accordance with Regulation 277 and 280(2) of the SEBI (ICDR) Regulations, 2018, the resolution will be deemed approved only if the votes cast by public shareholders in favour are at least twice the number of votes cast against it. The Board has appointed M/s. Pratik Bangade & Associates, Practicing Company Secretary, as the scrutinizer for the process.

The remote e-voting period is scheduled to begin at 09:00 AM IST on June 21, 2026, and end at 5:00 PM IST on July 20, 2026. Shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of June 12, 2026, are eligible to participate. The results of the postal ballot are expected to be declared on or before July 22, 2026.

Key Event Details

The company has engaged MUFG Intime India Private Limited to facilitate the remote e-voting process. Shareholders holding shares in physical form have been advised to convert their holdings to dematerialized form to eliminate risks associated with physical transfers and to ensure seamless participation in the e-voting process. The notice and relevant details are available on the company’s website.