Intimation is enclosed herewith
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Exhicon Events Media Solutions has signed a Letter of Intent (LOI) with India Exposition Mart Limited (IEML) to develop semi-permanent and convertible permanent exhibition halls at the Expo Centre in Greater Noida. The project also includes deploying a Temporary German Hangar to keep ongoing events running during construction. The deal is estimated to bring in revenue of INR 20 to 35 crore across FY 2025-26 and FY 2026-27, depending on final scope. The company already has Messe Global Pune operational and three other venues under construction, making this a key step in expanding its national exhibition infrastructure footprint. The collaboration aims to position the Greater Noida venue as a premier MICE (meetings, incentives, conferences, exhibitions) destination.
Positive for shareholders — this adds a sizeable new revenue stream of up to INR 35 crore over two years and strengthens Exhicon's position in the growing exhibition infrastructure space. Stock sentiment may improve on the back of order book visibility and strategic expansion into a high-demand segment.