Board Meeting7 Jul 2026, 02:31 pm
Exhicon Events Media Solutions Approves Preferential Issue of Warrants
AI Summary
Exhicon Events Media Solutions Limited's Board of Directors met on July 7, 2026, to approve a preferential issue of 5,00,000 equity convertible warrants at ₹479 each to promoters, aggregating ₹23.95 crore. This issuance is subject to shareholder approval at the upcoming EGM. The board also approved the appointment of M/s Bilimoria Mehta & Co. as Statutory Auditors for five years, filling a casual vacancy. Additionally, the company approved the EGM notice, date, time, venue, and appointed a scrutinizer for the e-voting process. The Managing Director and other authorized personnel were empowered to complete necessary filings and documentation for the preferential issue and EGM.
Key Highlights
- Board approves preferential issue of 5,00,000 warrants for ₹23.95 crore.
- Warrants to be issued to promoters at ₹479 each, convertible to equity.
- Appointment of M/s Bilimoria Mehta & Co. as Statutory Auditors approved.
- EGM to be convened for shareholder approval of preferential issue.
- Company to seek necessary statutory and regulatory approvals.
Price Impact
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