Exhicon Events Media Solutions Ltd — Updates, 16-05-2025: Company Update

Exhicon Events Media Solutions Limited has announced a monitoring agency report by Infomerics Valuation and Rating Ltd on the utilization of funds raised through a preferential issue of 34.1 lakh fully convertible share warrants aggregating Rs. 107.42 crore. Out of this, Rs. 26.85 crore has been subscribed and received as share application money. The company has utilized Rs. 14.50 crore primarily towards growth objectives and general corporate purposes, with Rs. 12.35 crore unutilized, placed in fixed deposits and current accounts. There are no deviations or delays in fund usage, and expenditures align with the objects disclosed in the offer document, ensuring transparency and prudent capital deployment for expansion and operations.