Intimation is enclosed herewith
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Exhicon Events Media Solutions has been declared the winning bidder to develop a Convention & Exhibition Centre in Mohali, Punjab under a Build-Operate-Transfer (BOT) Public-Private Partnership with the Government of Punjab. The Punjab Government will provide 13.57 acres of land in Mohali's IT Parks area, and Exhicon will handle design, development, operations, and long-term management, including integrated hospitality and retail components. Phase 1 involves an estimated ₹75 crore investment and is targeted for completion by October 2027, with the 2027 Progressive Punjab Investors Summit proposed to be hosted there. Notably, the total project investment is proposed to be reimbursed through incentives under the 'Invest Punjab' initiative, and Exhicon already operates event venues in Pune and has partnered with India Exposition Mart Limited for exhibition halls in Greater Noida.
This is a major strategic win for Exhicon, giving it long-term event infrastructure assets and multiple recurring revenue streams, with reduced financial risk thanks to the proposed reimbursement under 'Invest Punjab'. For shareholders, this signals meaningful expansion beyond its current Pune operations and could support long-term value creation, though execution and timely reimbursement remain key risks to watch.