Exhicon Events Media Solutions Limited announced a significant milestone as its subsidiary United Helicharters Private Limited (UHPL) received an Air Operator Permit (AOP) from the Directorate General of Civil Aviation (DGCA). This regulatory approval marks the company's strategic expansion into commercial aviation operations.

DGCA Approval Details

The Air Operator Permit was issued on February 20, 2026, providing UHPL with comprehensive authorization for commercial aviation activities. The permit specifications include:

Company Background and Infrastructure

United Helicharters Private Limited brings substantial operational experience to its new role as a licensed air operator. Established in 1998, the company was formerly owned by Qatar General Petroleum Corporation before being acquired by EXHICON in 2024.

UHPL's existing operational capabilities encompass:

• Helicopter ground handling and coordination support
• Maintenance Repairs and Operations (MRO) services at Juhu Aerodrome
• Aviation parts supply and comprehensive services
• Aircraft parking facilities management
• Non-Destructive Testing (NDT) and battery shop services
• Large hangar and apron parking infrastructure at Juhu Civil Aerodrome, Vile Parle (West), Mumbai

Operational Authorization and Market Opportunities

The DGCA approval empowers UHPL to undertake various commercial helicopter operations under regulatory oversight. The company can now deploy aircraft listed under its approved operational specifications across multiple aviation segments.

Strategic Impact for EXHICON Group

This development represents EXHICON Group's strategic evolution from aviation infrastructure and support services into active flying operations. The timing aligns with increasing demand for helicopter services across corporate mobility, offshore logistics, tourism, and emergency response sectors.

The transition from aviation services facilitator to fully licensed commercial air operator positions United Helicharters Private Limited within India's expanding non-scheduled aviation landscape. With substantial infrastructure presence at Mumbai's Juhu heli-base and deep operational familiarity in rotary-wing operations, UHPL is positioned for seamless integration into commercial flight operations under DGCA's safety and regulatory framework.

Exhicon Events Media Solutions Limited has announced a significant fleet expansion by its subsidiary United Helicharters Private Limited (UHPL) through the acquisition of an Airbus H130 helicopter. The development was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Fleet Expansion Details

The aircraft handover documentation was completed between Skypulse Solutions and UHPL on the closing day of Wings India 2026 in Hyderabad. This acquisition represents a strategic addition to UHPL's growing aviation asset portfolio.

Strategic Leasing Model

The newly inducted Airbus H130 has been leased to Pinal Holidays under a five-year long-term agreement. This deployment aligns with UHPL's established business model of long-term lease arrangements, which ensures capital efficiency, operational flexibility, and predictable revenue streams.

Previously, UHPL had acquired a pre-owned Airbus H125 from Sweden, which formed the foundation of its owned aviation asset base. The company continues to pursue strategic acquisitions combined with long-term lease deployments.

Integrated Aviation Services Platform

Built on aviation legacy associated with Gulf Helicopters, owned by Qatar Petroleum in Doha, UHPL operates a comprehensive helicopter services model. The company's integrated platform encompasses multiple service verticals:

• Aircraft ownership and leasing operations
• Maintenance, Repair, and Overhaul (MRO) services
• Large hangar facility at Juhu Civil Aerodrome, Mumbai
• Helicopter spare parts supply chain
• Aviation training support through Gulf Helicopters, Doha

Market Positioning

This latest fleet expansion strengthens UHPL's focus on asset-backed growth and enhanced operational control. The acquisition positions the company for long-term revenue visibility and establishes UHPL as a credible and scalable player in India's evolving helicopter aviation ecosystem.

The diversified service model, combined with strategic fleet expansion, demonstrates UHPL's commitment to building a comprehensive aviation platform that addresses multiple segments of the helicopter services market.