The shares of the Event management company touched the upper circuit after the company assisted the General Insurance Festival of India in setting a Guinness World Record.
On Monday, At 9:45 a.m., Exhicon Events Media Solutions Ltd hit a 5 percent upper circuit of Rs 320.25 apiece.
As per company’s exchange filing, on August 19th, 2023, Exhicon Events Media Solutions assisted The General Insurance Festival of India (GIFI) set a Guinness World Record for the largest attendance at an insurance conference. The conference was held at Messe Global Pune Laxmi Lawns and recorded the largest number of attendees which contributed to creating history in the worldwide insurance industry which was Organised by Bajaj Allianz General Insurance.
Exhicon Events Media Solutions Ltd developed over two lac fifty thousand sq ft of temporary AC Infrastructure, Food and beverage for over 6000 delegates and over 1000 guests, licences & permissions, technical, staging, furniture, decor, and over 10,000 KW of temporary power supply, 6000 tonnes of temporary air-conditioning was set up with 3 lac square feet of wooden flooring.
The stock has increased 376 percent since the company’s first public offering on April 17, 2023.
The company’s revenue from operations increased by 26 percent year on year to Rs 58 crore in FY 22-23, up from Rs 46 crore in FY 21-22. During the same period, the company’s net profit increased by 114 percent to Rs 9.16 crore, up from Rs 4.28 crore the previous year.
As per the latest shareholding pattern, the promoters hold 86.2 percent of the company, and retail investors hold 13.8 percent.
Exhicon Events Media Solutions Limited offers a variety of products and services to the exhibition, conference, and events industries. The Company’s solutions include media to integrated marketing solutions, temporary to permanent event infrastructure, and management to organising.
Written by Omkar Chitnis
