Outcome of Preferential Allotment Committee is enclosed herewith.
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Exhicon Events Media Solutions has allotted 40,000 equity shares following the conversion of an equal number of convertible warrants. The shares have a face value of Rs. 10 each and were issued at Rs. 295 per share, which includes a premium of Rs. 285. The allotment was made to Prakash Chand Gotham Chand, a non-promoter, on a 1:1 basis (one equity share per warrant exercised). The company received a total consideration of Rs. 88.50 lakhs, representing 75% of the warrant exercise price. The decision was approved by the Preferential Allotment Committee at a meeting held on May 12, 2025.
The conversion results in a marginal increase in equity share count and brings in Rs. 88.5 lakhs of fresh capital, while slightly diluting existing shareholders' stakes. For the stock, this is a routine procedural outcome with no major price-moving impact given the small size of the allotment.