The board of directors in its meeting considered and approved the incorporation of wholly owned subsidiaries in India and the United Kingdom. The proposed Indian entity, to be incorporated ....
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Exhicon Events Media Solutions' board, at its October 3, 2025 meeting, approved setting up two wholly-owned subsidiaries: 'Exhicon Global Development India Private Limited' in India to develop world-class, sustainable exhibition and convention venues under the Public-Private Partnership (PPP) model, and another subsidiary in the United Kingdom to tap into the UK's expertise in ESG compliance, green building standards, and sustainable financing. The UK entity will help bring international best practices to the company's upcoming venues in India. Additionally, the board constituted a three-member Management Committee (comprising the Managing Director, Whole Time Director, and a Non-Executive Independent Director) to handle day-to-day operations and execute strategic directions within delegated authority.
This move signals Exhicon's expansion from event management into venue infrastructure development, potentially opening a new long-term revenue vertical. Since both entities are wholly-owned, any profits or losses will fully consolidate into the parent, offering high upside but also execution risk as this is a new business segment.