Announced Fri, 16 May · 19:18 IST

Statement is enclosed herewith

Price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Exhicon Events Media Solutions Ltd submitted a Regulation 32 statement to BSE confirming there is no deviation or variation in the use of proceeds from its three fund raises as of March 31, 2025. The IPO of INR 2,112 Lakhs raised in April 2023 has been fully deployed across working capital (INR 500 Lakhs), acquisition of exhibition material (INR 1,027.78 Lakhs), issue expenses (INR 324.22 Lakhs), and general corporate purposes (INR 260 Lakhs). Preferential issues totalling INR 3,457.4 Lakhs raised in January–April 2024 have been fully utilized for working capital. A fresh preferential issue of INR 2,685.38 Lakhs raised in February 2025 has been partly deployed so far, with INR 1,200.09 Lakhs used for capital expenditure and operational expenses (out of INR 2,014.03 Lakhs allocated) and INR 250.29 Lakhs used for general corporate purposes (out of INR 671.35 Lakhs allocated); Infomerics Valuation and Rating Ltd is acting as monitoring agency for this tranche. The Audit Committee reviewed the statements and had no comments.

Likely market impact

This is a routine compliance filing with a neutral-to-mildly positive tone — it confirms fund utilization is on track with the originally disclosed objectives, with no diversions. Investors may note that the most recent preferential issue (Feb 2025) shows only partial deployment to date, but this is normal for a recently raised tranche.