Exhicon Events Allots 61,800 Equity Shares via Warrant Conversion

Exhicon Events Media Solutions Ltd announced the allotment of 61,800 equity shares following the conversion of convertible warrants. The Preferential Allotment Committee approved the conversion of these warrants, issued to non-promoter category holders, into fully paid-up equity shares at an issue price of ₹315 per share. This conversion generated ₹1,46,00,250 for the company. The allotment involved two investors, Zainab Rizvi and Manju Pushker, who converted their warrants into equity shares. The company has authorized directors to file the necessary returns with the Registrar of Companies and complete other regulatory formalities.