Exhicon Events Confirms Fund Use: Rs 66.72 Cr Deployed, Rs 1.80 Cr Unused

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AuthorAarav Shah|Published at:
Exhicon Events Confirms Fund Use: Rs 66.72 Cr Deployed, Rs 1.80 Cr Unused
Overview

Exhicon Events Media Solutions has used Rs 66.72 crore of funds from its preferential issue as of March 31, 2026. A monitoring report from Infomerics Ratings confirmed the company is on track with its fund utilization plans, leaving Rs 1.80 crore unutilized.

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Exhicon Events Media Solutions Limited has received a monitoring agency report from Infomerics Ratings for the quarter ending March 31, 2026. The report confirms that the company has not deviated from its plans for using funds raised through a preferential issue of warrants.

The total preferential issue raised Rs 107.42 crore through 34,10,000 warrants. As of March 31, 2026, Exhicon Events Media Solutions had utilized Rs 66.72 crore of these funds. A balance of Rs 1.80 crore remains unutilized.

Fund Utilization Confirmed

Infomerics Ratings validated Exhicon Events Media Solutions' adherence to its stated objectives for the Rs 107.42 crore raised. The company has deployed approximately Rs 66.72 crore towards growth, investments, operations, and general corporate needs. This adherence signifies financial discipline and supports investor confidence in the company's strategic execution.

What's Next for Remaining Funds

No immediate operational changes are expected. The company's focus will be on deploying the remaining Rs 1.80 crore and continuing its growth and investment strategies funded by the preferential issue. Investors will be watching for the complete utilization of these funds and their effectiveness in driving business growth in future financial reports.

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