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Exhicon Events Media Solutions held a board meeting on August 29, 2025 covering 14 key items. The board appointed Mr. Anil Kumar Mehta as an Additional Non-Executive Director for a 5-year term and accepted the resignation of Executive Director Mrs. Nisha Quaim Syed, citing personal commitments. Mr. Mohammad Quaim Syed was recommended for re-appointment (retiring by rotation). A new Secretarial Auditor, M/s. Pratik Bangade & Associates, was appointed for 5 years (FY 2025-26 to FY 2029-30). The board declared a dividend of Rs. 0.15 per share on the Rs. 10 face value equity shares for FY ending March 31, 2025. Other approvals included a new ESOP 2025 scheme (up to 5,00,000 options), shifting the registered office from Mumbai to Pune, and increasing investment, related party transaction, and borrowing limits to Rs. 160 Crores each, all subject to shareholder approval.
The dividend of Rs. 0.15 per share offers a modest return to shareholders. The resignation of Executive Director Nisha Quaim Syed and the increase in borrowing/related party limits to Rs. 160 Crores are significant—shareholders should watch the AGM closely, as these proposals require their approval and could affect governance and risk profile.