Exhicon Events Media Solutions Limited has announced significant strategic moves to expand its operations and streamline its management structure. The company's Board of Directors has approved the incorporation of wholly owned subsidiaries in India and the United Kingdom, along with the formation of a new Management Committee.

New Subsidiaries for Sustainable Development

The Board has given the green light for the establishment of two new wholly owned subsidiaries:

1. Indian Subsidiary: To be named 'Exhicon Global Development India Private Limited' (subject to approval by the Ministry of Corporate Affairs), this entity will spearhead the development of sustainable exhibition and convention venues across India. The company plans to utilize the Public-Private Partnership (PPP) model for these projects, aiming to create world-class facilities.

2. UK Subsidiary: While the exact name is yet to be disclosed, this subsidiary will play a crucial role in leveraging the United Kingdom's expertise in several key areas:

   • ESG (Environmental, Social, and Governance) compliance
   • Green building standards
   • Sustainable financing frameworks

The UK subsidiary's establishment is expected to bolster Exhicon's upcoming venue developments in India by incorporating global best practices and international expertise.

Management Committee Formation

In a move to enhance operational efficiency, the Board has constituted a Management Committee comprising three key directors:

This committee has been empowered to handle day-to-day operations and implement the Board's strategic directions. The Board has granted the Management Committee the authority to make necessary decisions and take actions pertaining to the company's daily operations within delegated limits.

Board Meeting Details

The decisions were made during a Board meeting held on Friday, October 3. The meeting commenced at 6:00 PM and concluded at 7:30 PM.

Exhicon Events Media Solutions Limited has stated that this information is available on the company's website at https://exhiconevents.in/ . The company's move to establish these subsidiaries and form a Management Committee appears to be part of a broader strategy to enhance its capabilities in sustainable venue development and streamline its operational decision-making processes.

Exhicon Events Media Solutions Limited (BSE: 543895) has announced a strategic partnership with India Exposition Mart Limited (IEML) to expand India's exhibition and convention infrastructure into tier-2 cities. This collaboration aims to capitalize on the rapidly growing exhibition industry and government initiatives supporting infrastructure development in smaller urban markets.

Strategic Partnership

Exhicon Events has signed a Memorandum of Understanding (MoU) with IEML to jointly identify, bid, develop, and manage world-class Exhibition & Convention Centers across tier-2 cities in India under the Public-Private Partnership (PPP) model. This partnership combines Exhicon's infrastructure execution expertise with IEML's experience in venue ownership and management of one of India's largest integrated exhibition centers.

Market Opportunity

The Indian Exhibition & Convention Industry is experiencing robust growth, with a projected Compound Annual Growth Rate (CAGR) of 12-15%. The market is expected to exceed ₹95,000.00 crore by 2030, driven by government prioritization of exhibition infrastructure development, especially in tier-2 cities.

Project Pipeline and Financial Impact

• Exhicon anticipates participation in projects with the cumulative potential mentioned above.
• The partnership is expected to contribute significantly to Exhicon's top-line growth, improving margins and strengthening shareholder returns.

Governance and Tenure

A Joint Steering Committee with equal representation from Exhicon and IEML will oversee evaluation, bidding, and project implementation. The MoU will remain valid for an initial 5-year period, with the option for extension by mutual consent.

Market Position

This collaboration positions Exhicon as a leader in India's rapidly expanding exhibition infrastructure sector. The company expects to benefit from:

1. Monopolistic advantage in PPP projects
2. Strong revenue visibility
3. Significant long-term value creation for shareholders

Exhicon's Board believes that this partnership firmly establishes the company as a dominant player in the sector, with potential for substantial growth and profitability in the coming years.

The strategic move by Exhicon Events to partner with IEML aligns with the government's focus on developing exhibition and convention infrastructure in tier-2 cities. As the industry continues to grow, this collaboration could position Exhicon to capture a significant share of the expanding market for world-class exhibition and convention facilities across India.