M Q Syed bets nearly Rs 24 cr on Exhicon Group’s listed entity
The board has cleared preferential allotment at Rs 479 per share for the capital infusion
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Published: Jul 9, 2026 9:23 AM | 1 min read
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Exhicon Events Media Solutions Limited has announced a significant promoter-led capital infusion with its Board of Directors approving the preferential allotment of 5,00,000 equity shares / warrants to promoter M. Q. Syed at its meeting held on July 7, 2026.
The allotment has been approved at Rs 479 per security, a price determined in accordance with the applicable SEBI (ICDR) Regulations. On full conversion/allotment, the transaction represents a capital infusion of approximately ₹23.95 crore by the promoter.
The proposed infusion also furthers Exhicon’s capital base.
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