Exhicon Events Media Solutions Limited’s wholly owned subsidiary, Exhicon Global Development Private Limited, has signed Heads of Terms with landowners for the development and operation of a Convention and Mixed Event Venue project in Nashik, Maharashtra. The project is aligned with the company's strategy to expand its footprint in the exhibition, convention, and event infrastructure sector through its venue development vertical.

The project is proposed to be developed on approximately 9,775 square metres (about 2.4 acres) of land situated at Panchwati, Nashik. The proposed development encompasses convention facilities, event lawns, exhibition and conference infrastructure, administrative facilities, food & beverage areas, parking, and supporting amenities.

The venue is designed to cater to a diverse range of events, including exhibitions, conferences, government events, corporate gatherings, weddings, social functions, and cultural programs. The commercial understanding outlines an initial development period followed by long-term operations and commercialization of the venue.

Project Details

Definitive agreements are proposed to be executed after the completion of detailed design, technical evaluations, and statutory requirements. The company disclosed this information in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Exhicon Events Media Solutions held its Board of Directors meeting on Monday, May 18, 2026, through video conferencing, approving audited financial results for the half year and year ended March 31, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also issued a press release under Regulation 30 announcing its strongest-ever financial performance, marking a transformational year in its evolution into an integrated exhibitions, convention infrastructure and Venue As A Service (VAS) platform. The statutory auditors, M/s. Piyush Kothari & Associates, issued an audit report with an unmodified opinion on both the standalone and consolidated financial results. The intimation was signed by Pranjul Jain, Compliance Officer and Company Secretary.

Consolidated Financial Performance

On a consolidated basis, Exhicon Events Media Solutions delivered robust growth for the year ended March 31, 2026. Total revenue rose to ₹20,546.01 lakhs (₹205.46 Crore) from ₹14,649.95 lakhs in the previous year, representing year-on-year growth of over 40%. Consolidated Profit After Tax (PAT) rose sharply to ₹45.24 Crore, while profit attributable to shareholders increased to ₹40.70 Crore — up 56.54% YoY — demonstrating strong earnings momentum and operating leverage across the platform. Profit before tax stood at ₹5,050.02 lakhs versus ₹3,573.65 lakhs in the prior year. After accounting for total tax expense of ₹525.58 lakhs and minority interest of ₹454.90 lakhs, net profit attributable to shareholders was ₹4,069.54 lakhs, up from ₹2,599.74 lakhs.

The following table summarises the consolidated income statement for the year ended March 31, 2026 (₹ in Lakhs):

For the half year ended March 31, 2026, consolidated total revenue was ₹10,258.00 lakhs versus ₹8,118.73 lakhs in the corresponding period of the previous year. Net profit after minority interest for the half year stood at ₹1,974.11 lakhs, compared to ₹1,616.71 lakhs.

Standalone Financial Performance

On a standalone basis, the company reported total revenue of ₹8,698.24 lakhs for the year ended March 31, 2026, compared to ₹7,056.65 lakhs in the prior year. Revenue from operations grew to ₹8,530.18 lakhs from ₹6,967.17 lakhs. Profit before tax was ₹2,088.30 lakhs versus ₹1,617.29 lakhs, and net profit for the year was ₹1,562.72 lakhs compared to ₹1,210.25 lakhs.

The following table summarises the standalone income statement for the year ended March 31, 2026 (₹ in Lakhs):

Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects significant expansion. Total assets stood at ₹26,425.94 lakhs (₹264.26 Crore) versus ₹14,258.10 lakhs in the prior year, representing growth of 85.34% YoY. Shareholders' funds (including minority interest) grew to ₹21,225.52 lakhs (₹212.25 Crore) from ₹12,302.92 lakhs, reflecting a 72.52% expansion in consolidated net worth. Reserves & Surplus rose 86.42% YoY to ₹184.76 Crore. Trade receivables increased to ₹8,730.70 lakhs from ₹3,456.66 lakhs, while cash and bank balances rose to ₹2,856.90 lakhs (₹28.57 Crore), up 144.39% YoY from ₹1,169.09 lakhs.

The following table summarises key balance sheet and performance metrics:

Building a Scalable Infrastructure-Led Growth Platform

Exhicon Events Media Solutions is strategically positioning itself at the intersection of India's rapidly growing MICE (Meetings, Incentives, Conferences and Exhibitions), tourism, exhibitions and convention infrastructure sectors through a diversified integrated platform model. The company operates across exhibitions, conventions, event infrastructure, aviation logistics, religious tourism, media and integrated business services. Its long-term growth strategy is increasingly anchored around Venue As A Service (VAS), convention infrastructure development, integrated venue operations, event ecosystems and recurring infrastructure-linked business opportunities.

As part of its expansion strategy, the company is developing and participating in multiple large-scale purpose-built event and convention infrastructure projects. Key initiatives include:

India's MICE & Infrastructure Growth Opportunity

India's MICE industry is projected to grow from approximately USD 49.4 billion in 2024 to over USD 103 billion by 2030, representing a strong projected CAGR of nearly 13.2%, making India one of the fastest-growing MICE markets globally. India currently accounts for only around 5% of the global USD 850 billion MICE market, creating a significant long-term opportunity for organised venue infrastructure, exhibitions and convention ecosystem players. The Indian MICE tourism market is also expected to grow at an estimated CAGR of nearly 12% through 2031, supported by rising corporate travel, large-scale convention infrastructure creation, global events participation and government initiatives such as "Meet in India".

Simultaneously, India has emerged as the world's fifth-largest aviation market with approximately 241 million air passengers annually, highlighting the rapid expansion of business mobility, tourism and inter-city connectivity that directly supports growth in conventions, exhibitions and destination-led event infrastructure. The sector is further benefiting from substantial investments into convention centres, integrated exhibition venues, religious tourism circuits, smart cities, multimodal logistics and destination infrastructure. With a strengthened balance sheet, expanding infrastructure portfolio and growing execution capabilities, the company remains focused on sustainable growth, disciplined capital allocation and long-term shareholder value creation.