Introduction:
On December 3, 2024, the stock jumped following the announcement of achieving Zero Net Debt status. This milestone was reached by fully repaying the secured property loan, enhancing financial stability and reducing annual interest and finance costs.
Share Price movement of Exhicon Events Media Solutions Ltd:
On December 3, 2024, Exhicon Events Media Solutions Ltd (BSE: EXHICON) opened at ₹280.00, hitting an intraday high of ₹280.00 and a low of ₹258.70. The stock is currently trading at ₹266.70, up 7.76%, with a market cap of ₹345.71 crore.
Exhicon Events Media Solutions Become Debt Free:
Exhicon Events Media Solutions Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announced its achievement of a significant financial milestone. As of December 3, 2024, the company successfully attained a Zero Net Debt status on a standalone basis.
This milestone was reached by fully repaying the company’s only secured property loan from Punjab National Bank, marking the company’s commitment to maintaining a strong financial position. The repayment reduces its debt obligations and strengthens the company’s overall financial health.
The decision to clear the outstanding loan was made to realize substantial savings in annual interest and finance costs. The company aims to continue enhancing its financial stability and shares this important update with its valued shareholders for transparency and information.
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Recent news About Exhicon Events Media Solutions Ltd:
On November 28, 2024, Exhicon Events Media Solutions Ltd announced the successful completion of a major event management project for a leading global tech conference. This achievement strengthens its position in the industry and boosts its reputation for delivering high-quality, large-scale events across various sectors.
Stock performance of Exhicon Events Media Solutions Ltd for Period of 1 week, 6 months and 1 year:
Exhicon Events Media Solutions Ltd has gained 1.66% over the past week. However, its performance over the last six months shows a decline of 7.22%, and over the past year, the stock has decreased by 35.7%, reflecting significant volatility.
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Shareholding pattern of Exhicon Events Media Solutions Ltd:
| Summary | Sep-24 | Mar-24 | Sep-23 |
| Promoter | 57.20% | 57.00% | 62.30% |
| FII | 0.10% | 0.10% | 0% |
| DII | 4.80% | 4.80% | 3.70% |
| Public | 37.90% | 38.00% | 34.10% |
About Exhicon Events Media Solutions Ltd:
Exhicon Events Media Solutions Ltd specializes in organizing and managing large-scale events, conferences, and exhibitions. The company offers end-to-end event solutions, including design, production, and execution. With expertise in the media and entertainment sector, Exhicon delivers innovative, high-quality experiences for clients across diverse industries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
