intimation is enclosed herewith
Price
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Awaiting price reaction for this filing.
Exhicon Events Media Solutions has signed an exclusive Memorandum of Understanding (MoU) with 10Times.com, one of the world's largest business event discovery platforms with over 20 million users, 2 lakh+ events, and presence in 150+ countries. Under this partnership, Exhicon will serve as the exclusive on-ground execution partner for exhibitors registered on 10Times.com, offering services like stall design, fabrication, branding, logistics, manpower, and hospitality in the Middle East region. Both parties will maintain mutual exclusivity during the MoU term, and Exhicon plans to invest capital to expand its execution capabilities in the region. The company expects this to open a scalable new revenue vertical, strengthen its international footprint, and create recurring income from exhibitor services.
This is a positive strategic development that could expand Exhicon's revenue base and international presence, but since it is only an MoU and not a binding revenue contract, the actual impact on stock price is likely to be sentiment-driven rather than fundamental in the short term.