Mach Conferences Secures ₹17 Crore New Zealand MICE Contract from BFSI Institution

2 min read     Updated on 21 Feb 2026, 04:11 PM
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Reviewed by
Ashish TScanX News Team
Overview

Mach Conferences and Events Limited announced securing a prestigious ₹17 crores MICE contract from a leading BFSI institution for a 3-night engagement in Auckland, New Zealand, involving 600-650 delegates in April 2026. The comprehensive contract includes end-to-end travel management, accommodation, ground logistics, conference production, and gala events, positioning the company as a globally capable MICE operator with strong momentum in international segments.

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Mach Conferences and Events Limited has secured a prestigious international MICE (Meetings, Incentives, Conferences, and Exhibitions) contract worth approximately ₹17 crores from a leading BFSI institution, marking a significant milestone for the event management company. The contract involves organizing one of the largest group movements from India to New Zealand for approximately 600-650 delegates, scheduled for execution in the first week of April 2026.

Contract Details and Scope

The comprehensive contract encompasses end-to-end services for a 3-night engagement in Auckland, New Zealand. The company will provide complete travel management, accommodation consolidation, ground logistics, conference production, curated destination experiences, and gala event execution for the participants.

Contract Parameter: Details
Client: Leading BFSI Institution
Participants: 600-650 delegates
Destination: Auckland, New Zealand
Contract Value: Approximately ₹17 crores
Duration: 3-night engagement
Execution Timeline: First week of April 2026

Service Components and Operational Complexity

The project represents a full-service MICE offering that demonstrates the company's capability to handle large-scale international events across long-haul destinations. According to the official announcement, managing a movement of this scale to New Zealand requires strong operational expertise, meticulous planning, and seamless international collaboration.

The services included in the contract encompass:

  • Travel Management: Complete end-to-end travel arrangements including large-scale airlift management
  • Accommodation Services: Consolidation and management of lodging requirements
  • Ground Logistics: Local transportation and logistical support in Auckland
  • Conference Production: Professional event production and on-ground execution
  • Destination Experiences: Curated activities and experiences tailored to the group
  • Gala Event Services: Special event planning and execution
  • Visa Coordination: Complete visa processing support for all delegates

Management Commentary and Strategic Significance

Commenting on the development, Mr. Amit Bhatia, Chairman & Managing Director, highlighted that this order reflects the continued trust that leading BFSI institutions place in the company's execution capabilities and global partnerships. He emphasized that New Zealand, being a long-haul MICE destination, involves significant logistical and operational complexities.

Strategic Aspect: Details
Market Position: Among larger corporate incentive movements to New Zealand
Industry Recognition: Strengthens global footprint
Future Outlook: Strong momentum in international MICE segment
Order Book Impact: Enhanced visibility for FY 2026-27

The management noted that the company continues to witness strong momentum in the international MICE segment, particularly from BFSI and large corporate incentive programs, which is strengthening its order book visibility for the upcoming financial year.

Company Profile and Capabilities

Mach Conferences and Events Limited, listed on BSE with scrip code 544248, is positioned as one of India's leading MICE and travel management companies. The company brings over 20 years of experience with certifications from eminent bodies including IATA, ADTOI, IATO, and PATA. In the previous three years, the company has successfully conducted over 300 large and medium-size events involving more than 30 elite brands, establishing itself as a globally capable Indian MICE operator.

Historical Stock Returns for Mach Conferences & Events

1 Day5 Days1 Month6 Months1 Year5 Years
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Mach Conferences & Events Promoter Group Increases Stake to 71.9% Through Open Market Purchase

1 min read     Updated on 03 Feb 2026, 03:44 PM
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Reviewed by
Radhika SScanX News Team
Overview

Mach Conferences & Events Limited's promoter group has increased their collective shareholding from 71.8% to 71.9% through the acquisition of 24,000 shares via open market purchase on January 16, 2026. Lead promoter Amit Bhatia acquired all additional shares, raising his individual stake from 64.4% to 64.5%, while other promoter group members maintained their existing positions. The transaction was disclosed under SEBI regulations on February 02, 2026.

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The promoter group of mach conferences & events Limited has strengthened their stake in the company through a strategic open market acquisition, as disclosed in a regulatory filing dated February 02, 2026.

Share Acquisition Details

The promoter group acquired 24,000 shares carrying voting rights through open market purchase on January 16, 2026. This acquisition represents 0.1% of the company's total share capital and increased the collective promoter group holding from 71.8% to 71.9%.

Parameter Before Acquisition After Acquisition Change
Total Shares Held 1,51,09,400 1,51,33,400 +24,000
Percentage Holding 71.8% 71.9% +0.1%
Acquisition Mode - Open Market -
Transaction Date - January 16, 2026 -

Promoter Group Composition

Amit Bhatia, the primary acquirer, purchased all 24,000 shares, increasing his individual shareholding from 1,35,42,800 shares to 1,35,66,800 shares. His percentage holding marginally increased from 64.4% to 64.5% of the total share capital.

Promoter Name Pre-Acquisition Shares Pre % Post-Acquisition Shares Post %
Amit Bhatia (Acquirer) 1,35,42,800 64.4% 1,35,66,800 64.5%
Laveena Bhatia 14,70,800 7.0% 14,70,800 7.0%
Adit Bhatia 84,800 0.4% 84,800 0.4%
Sneh Prabha Bhatia 11,000 0.1% 11,000 0.1%

Company Financial Structure

The company's equity share capital remained unchanged at Rs. 21,03,71,000 before and after the acquisition. The total diluted share capital also stands at the same amount, indicating no outstanding convertible instruments or warrants.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on BSE Limited, and all regulatory requirements for substantial acquisition disclosures have been fulfilled. The filing was digitally signed by Amit Bhatia on behalf of the promoter group on February 02, 2026.

Historical Stock Returns for Mach Conferences & Events

1 Day5 Days1 Month6 Months1 Year5 Years
+3.37%+9.48%+7.61%-4.33%-39.19%-57.40%
Mach Conferences & Events
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View All News
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1 Year Returns:-39.19%