Exhicon Events Media Solutions Ltd Announces Preferential Issue of Warrants, Approves EOGM, and Appoints New Statutory Auditor
Exhicon Events Media Solutions Ltd has announced several key corporate decisions following its Board meeting held on July 07, 2026. The company approved the preferential issue of Equity Convertible Warrants to promoters and appointed M/s Bilimoria Mehta & Co. as the Statutory Auditor for a term of five years.Preferential Issue of Equity Convertible Warrants
The Board considered and approved the Offer, Issue and Allotment of 5,00,000 Equity Convertible Warrants. The warrants are being issued at a price of Rs 479/- each, including a premium of Rs 469/- per warrant on a preferential basis to the company's promoters.This preferential issue is structured for cash aggregating up to an amount of Rs 23,95,00,000/-. The terms set forth for the warrants include:
| Particular | Detail |
|---|---|
| Type of Securities Proposed | Warrants fully convertible into Equity Shares |
| Total Number of Securities | 5,00,000 (Five Lakh) Warrants |
| Issue Price per Warrant | Rs 479/- (including premium of Rs 469/-) |
| Tenor/Conversion Period | Within a period of 18 months from the date of allotment |
Mohammad Quaim Syed was listed as the proposed allottee for all 5,00,000 warrants in this preferential issue. The Board meeting also approved details pertaining to the preferrential issue, including necessary certificates and valuation reports.
Appointment of Statutory Auditor
The company approved the appointment of M/s Bilimoria Mehta & Co., Chartered Accountants, as the Statutory Auditor for a term of five consecutive financial years, spanning from 2026-27 till 2030-31. This appointment fills a casual vacancy due to the resignation of M/s Piyush Kothari & Associates.M/s Bilimoria Mehta & Co., established in 1977, is based in Mumbai, Delhi and Bangalore. The firm offers comprehensive assurance services, including statutory audits and risk advisory, and possesses extensive experience working with diversified industries such as manufacturing, media & entertainment, technology, and banking.
Other Key Approvals
The Board meeting also approved several procedural matters ahead of the upcoming Extraordinary General Meeting (EOGM). These approvals include:- Setting the day, date, time, and venue for the EOGM.
- Approving the Notice of the EOGM.
- Appointing M/s Pratik Bangade & Associates, a Practicing Company Secretary, as the Scrutinizer for conducting e-voting and poll processes related to the EOGM.
The Board meeting commenced at 01:00 P.M. and concluded at 02:00 P.M.
Stock Price Movement
At 14:28, Exhicon Events Media Solutions Ltd. shares are edging lower at ₹490.00, down 5% today. The stock saw movement during the session, trading within an intraday range that spanned from a low of ₹481.50 to a high of ₹492.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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