Exhicon Events Media Solutions Limited has approved the preferential allotment of 5,00,000 warrants to promoters, aggregating ₹23.95 crore, to raise capital for strategic requirements. The board, in its meeting on July 7, 2026, fixed the issue price at ₹479 per warrant, including a premium of ₹469. The warrants are fully convertible into equity shares within 18 months from the date of allotment, subject to shareholder approval in an ensuing Extra-Ordinary General Meeting (EOGM).

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 board approved the necessary certificates, including a Practicing Chartered Accountant Certificate for pricing and a Valuation Report from a Registered Valuer.

Key Allotment Details

The board also appointed M/s Bilimoria Mehta & Co. as the statutory auditor for five years from 2026-27 to 2030-2031, filling a casual vacancy caused by the resignation of M/s. Piyush Kothari & Associates. This appointment is subject to shareholder approval. Additionally, the board fixed the schedule for the EOGM and appointed M/s. Pratik Bangade & Associates as the scrutinizer for the e-voting process.

The trading window for dealing in the company's securities remains closed from July 2, 2026, until 48 hours after the conclusion of the board meeting, in accordance with SEBI regulations. The intimation was filed with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.