Monitoring Agency report for the quarter ended September 30, 2025 is enclosed.
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 filed the Monitoring Agency Report for Q2 FY26 covering the use of funds raised through a preferential issue of convertible warrants. Of the 44.74 lakh warrants originally approved (Rs. 140.93 crore), only 34.10 lakh were subscribed, raising Rs. 107.42 crore at Rs. 315 per warrant. Total net proceeds received stand at Rs. 49.46 crore, of which Rs. 40.09 crore has been utilized and Rs. 9.37 crore remains unutilized, parked in bank fixed deposits (Axis Bank, ICICI Bank) and a current account. The company has used Rs. 32.43 crore for growth, investments, and operations, and Rs. 7.66 crore for general corporate purposes, including GST payments (Rs. 3.80 crore), salary (Rs. 0.86 crore), and TDS (Rs. 0.11 crore). The Monitoring Agency confirmed there are no deviations from the disclosed objects, no delays in implementation, and no major issues from earlier reports.
This is a routine compliance filing with a clean report — no deviations, no delays, and funds are being used as planned. The notable point for shareholders is that the preferential issue was undersubscribed (Rs. 107.42 crore raised versus Rs. 140.93 crore planned), which trims the scope of originally planned growth initiatives, though no immediate red flags were raised.