Key Quantitative Figures

  • Total Issue Size: ₹23,95,00,000
  • Number of Warrants: 5,00,000 (Five Lakh)
  • Issue Price per Warrant: ₹479 (including premium of ₹469 per warrant)
  • Face Value per Equity Share: ₹10
  • Utilization Breakdown:
  • Capital Expenditure: ₹5,98,75,000
  • Working Capital Requirements: ₹11,97,50,000
  • General Corporate Purposes: ₹5,98,75,000

Parties Involved

  • Issuer: Exhicon Events Media Solutions Limited
  • Sole Allottee: Mohammad Quaim Syed (Promoter and Managing Director)
  • Stock Exchange: BSE Limited
  • Registered Valuer: Bhavin Patel, Cost Accountant (IBBI/RV/05/2019/11668)
  • Compliance Officer: Pranjul Jain

Purpose and Rationale

The company requires infusion of funds for enhancement of its capital base and to augment long-term funding needs to support business expansion and general corporate purposes including working capital requirements.

Financial and Operational Impact

The proceeds will be used within 12 months from receipt of funds and will be kept in a separate bank account until utilization. The funds will support business expansion and working capital requirements.

Capital Structure Impact

  • Pre-Issue Share Capital: 1,47,66,500 equity shares
  • Post-Issue Share Capital: 1,52,66,500 equity shares (upon full conversion)
  • Promoter Holding Change: From 49.32% (72,83,498 shares) to 50.99% (77,83,498 shares)
  • Public Holding Change: From 50.68% to 49.01%
  • No change in control or management of the company

Terms and Conditions

  • 25% of warrant price payable upfront at allotment, balance 75% payable at conversion
  • Warrants and resultant equity shares subject to lock-in as per SEBI ICDR Regulations
  • Warrants to be allotted in dematerialized form
  • Equity shares will rank pari passu with existing shares
  • Unexercised warrants after 18 months will lapse with forfeiture of amount paid

Certification and Valuation

  • Valuation performed by Bhavin Patel, Registered Valuer
  • Certificate from Practicing Company Secretary confirming compliance with SEBI ICDR Regulations
  • Valuation report available on company website

Communication and Availability

The corrigendum is being circulated to shareholders and uploaded on:

  • Company website: https://exhiconevents.in/
  • CDSL website: https://www.evotingindia.com
  • BSE website: www.bseindia.com