Exhicon Events Media Solutions Limited submitted a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a project development by its wholly owned subsidiary.
Exhicon Global Development Private Limited, the company's wholly owned subsidiary, has signed Heads of Terms with landowners for the development and operation of a Convention and Mixed Event Venue project in Nashik, Maharashtra.
Project Details:
- Land area: Approximately 9,775 square metres (about 2.4 acres)
- Location: Panchwati, Nashik, Maharashtra
- Proposed facilities include:
- Convention facilities
- Event lawns
- Exhibition and conference infrastructure
- Administrative facilities
- Food & beverage areas
- Parking facilities
- Supporting amenities
Project Scope:
The venue is proposed to cater to multiple event types including:
- Exhibitions
- Conferences
- Government events
- Corporate gatherings
- Weddings
- Social functions
- Cultural programs
- Other large-format events
Commercial Arrangement:
The commercial understanding contemplates an initial development period followed by long-term operations and commercialization of the venue. Definitive agreements are proposed to be executed after completion of detailed design, technical evaluations, and statutory requirements.
Strategic Alignment:
The proposed project aligns with the company's strategy of expanding its footprint in the exhibition, convention and event infrastructure sector through its venue development vertical.