Exhicon Events Media Solutions Ltd Bolsters Business with Aviation Entry and Major Project Wins

Phase 1 investment for the Mohali Convention & Exhibition Centre is approximately ₹75 crore, and over 38 major exhibitions were organised, highlighting H2 FY26 performance.

What Happened

Exhicon Events Media Solutions Ltd announced strong progress for the second half of FY26, highlighted by securing a helicopter shuttle tender and the development rights for the Mohali Convention & Exhibition Centre. This strategic step diversifies its operations into aviation logistics via its subsidiary United Helicharters Private Limited (UHPL), which has received its Air Operator Permit (AOP), valid until February 2031.

During H2 FY26, Exhicon organised over 38 major exhibitions and events. These attracted over 9,000 domestic exhibiting companies, 16,000 delegates, 300 international exhibitors, and 1.5 million B2B visitors. Concurrently, the company expanded its infrastructure in the National Capital Region (NCR) by completing about 24,000 sqm of new facilities.

Why This Matters

These developments mark a strategic shift for Exhicon beyond event management. Aviation logistics via UHPL aims to tap into segments like pilgrimage and VIP transport, diversifying revenue. The Mohali Centre, built under a Build-Operate-Transfer (BOT) Public-Private Partnership (PPP) model, is set to become a long-term asset. Expanded NCR infrastructure increases capacity for larger events, strengthening Exhicon's market standing.

The Backstory

Exhicon Events Media Solutions Ltd is known for event management and exhibition services, primarily on the NSE SME platform, and also develops event infrastructure. Its aviation logistics venture, United Helicharters Private Limited (UHPL), targets specific aviation market segments. The Mohali project uses a common BOT-PPP model for large Indian infrastructure development.

What Changes Now

• New Revenue Streams: Aviation logistics offers income beyond the core event business.
• Long-Term Assets: The Mohali Centre is expected to generate recurring revenue and appreciate in value.
• Greater Event Capacity: Expanded NCR infrastructure enhances the company's ability to host larger events.
• Stronger Market Position: Diversification and new projects bolster Exhicon's overall market presence.
• Partnerships: The BOT-PPP model for Mohali involves collaboration with government bodies.

Risks to Watch

The company notes that projections are subject to business, regulatory, and macroeconomic risks that could affect outcomes. Project timelines and securing future contracts are also operational risks.

Peer Comparison

While Exhicon enters aviation, its core event management competes with established firms like Informa Markets India and HITEX Exhibition Services. The Indian exhibition sector features many subsidiaries of global companies or operators of major venues. Exhicon's strategy combining event management, infrastructure, and now aviation seeks to create a distinct market position.

Key Metrics

• Phase 1 Investment for Mohali Convention & Exhibition Centre: Approx. ₹75 crore. Phase 1 target completion: December 2027.
• Exhibitions organised in H2 FY26: Over 38.
• United Helicharters Private Limited's Air Operator Permit expiry: February 19, 2031.

What to Track Next

• Mohali Centre Progress: Track construction milestones and adherence to the December 2027 completion target.
• Main Board Migration: Watch for outcomes of the H1 FY27 board meeting on potential migration to BSE & NSE Main Board.
• United Helicharters Performance: Assess its operational results, revenue, and expansion plans in aviation logistics.
• Future Events & Tenders: Monitor the scale of upcoming events and any new tender wins.
• Project Execution: Evaluate Exhicon's management of execution risks for new ventures.