Corrigendum to EOGM notice with detailed fund utilization breakdown
Price
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Exhicon Events Media Solutions issued a corrigendum to its July 31, 2026 EOGM notice, providing detailed bifurcation of the proposed preferential issue proceeds of Rs 23.95 crores. 5 lakh convertible warrants at Rs 479 each to be issued solely to promoter Mohammad Quaim Syed. Use of funds: Rs 5.99 cr for capital expenditure, Rs 11.98 cr for working capital, Rs 5.99 cr for general corporate purposes. Promoter holding rises from 49.32% to 50.99%. No change in control. Relevant date for pricing is July 01, 2026.
Promoter-led fund raise of about Rs 24 crores for expansion; promoter stake rises, slight minority dilution likely.