Exhicon Events Media Solutions Limited secured unanimous shareholder approval for a ₹23,95,00,000 (Rupees Twenty-Three Crore Ninety-Five Lakhs Only) preferential issue of Fully Convertible Warrants (FCWs) to its promoter, Mohammad Quaim Syed, at its Extra-Ordinary General Meeting (EOGM) held on July 31, 2026. The resolution passed with 100% support from voting shareholders, paving the way for the company to raise capital for capital expenditure and working capital requirements while increasing promoter holding post-conversion.

The EOGM also approved the appointment of M/s. Bilimoria Mehta & Co., Chartered Accountants, as Statutory Auditors in a casual vacancy. Voting was conducted through remote e-voting from July 28, 2026, to July 30, 2026, and via ballot paper during the meeting on July 31, 2026. The scrutinizer’s report, dated August 03, 2026, confirmed that all resolutions were passed with the requisite majority under Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Preferential Issue Details

The Board of Directors had previously approved the issue of up to 5,00,000 FCWs at an issue price of ₹479 per warrant, including a premium of ₹469. The warrants are convertible into equity shares of face value ₹10 within 18 months from the date of allotment. The total issue size is ₹23,95,00,000. The proceeds will be utilized towards capital expenditure (₹5,98,75,000), working capital requirements (₹11,97,50,000), and general corporate purposes (₹5,98,75,000).

Voting Results

The special resolution for the warrant issue received full support from all valid votes polled. A total of 4,527,709 votes were cast in favor out of 4,527,709 valid votes polled, representing 30.66% of outstanding shares. No votes were cast against the resolution. Similarly, the ordinary resolution for the auditor appointment received 100% support from the same pool of votes.

Impact on Shareholding

Upon conversion of the warrants, the promoter’s holding is expected to increase from 49.32% to 50.99%. Specifically, Mohammad Quaim Syed’s individual holding will rise from 8,56,408 shares (5.80%) to 13,56,408 shares (8.88%). The public shareholding will correspondingly decrease from 50.68% to 49.01%. The warrants and resultant equity shares will be subject to lock-in provisions as per SEBI (ICDR) Regulations.

Procedural Compliance

The e-voting process was facilitated by Central Depositories Services (India) Limited (CDSL). The scrutinizer, Mr. Pratik Bangade (Membership No. A67600), reported no invalid votes. The record date for voting rights was July 24, 2026, with 2,378 shareholders on record. The corrigendum to the EOGM notice, filed on July 27, 2026, provided additional disclosures on the utilization of proceeds as requested by BSE Limited.

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.