Exhicon Events Media Solutions Limited has scheduled an Extra-Ordinary General Meeting (EOGM) on July 31, 2026, to seek shareholder approval for the preferential allotment of 5,00,000 warrants to promoters, aggregating ₹23.95 crore. The meeting will be held at the company's registered office in Pune at 09:00 AM. The board, in its meeting on July 7, 2026, fixed the issue price at ₹479 per warrant, including a premium of ₹469, to raise capital for strategic requirements including business expansion and working capital.

The warrants are fully convertible into equity shares within 18 months from the date of allotment. The allotment is to Mohammad Quaim Syed and complies with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The relevant date for determining the issue price is July 1, 2026. Upon conversion, the promoter's shareholding will increase from 49.32% to 50.98%.

Key Allotment Details

The EOGM will also consider the appointment of M/s. Bilimoria Mehta & Co. as the statutory auditor to fill a casual vacancy caused by the resignation of M/s. Piyush Kothari & Associates. The proposed tenure is from the conclusion of the EOGM until the conclusion of the Annual General Meeting for the financial year ending March 31, 2026. The proposed audit fee is ₹3,50,000 per annum, excluding taxes and out-of-pocket expenses.

The company has appointed M/s. Pratik Bangade & Associates as the scrutinizer for the e-voting process. Remote e-voting will commence on July 28, 2026, at 09:00 AM and conclude on July 30, 2026, at 05:00 PM. The cut-off date for determining shareholder eligibility is July 24, 2026. The Register of Members and Share Transfer Books will remain closed from July 25, 2026, to July 31, 2026.

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