Chairman's AGM Address: FY26 Revenue Rs.205.46 crore, PAT up 49.54%, 1,25,000 sqm Venue Pipeline
Chairman's 16th AGM address: FY26 consolidated revenue ₹205.46 crore (up 40.25%), PAT ₹45.24 crore (up 49.54%), net worth ₹212.25 crore.
By ScoutQuest · · 3 min read
- FY26 Consolidated Revenue
- ₹205.46 crore, up 40.25%
- FY26 Profit After Tax
- ₹45.24 crore, up 49.54%
- FY26 Net Worth
- ₹212.25 crore, up 72.52%
- Venue Development Pipeline
- ~1,25,000 sqm across Pune, Mohali, Greater Noida, Indore, Nashik, Ayodhya and Delhi-NCR
- Preferential Warrant Issue to Promoter
- ~₹23.95 crore
What was shared
The company shared the address delivered by Mr. Mohammad Quaim Syed, Chairman & Managing Director, at the 16th Annual General Meeting held on September 24, 2026 at the registered office in Pune.
FY2025-26 numbers cited
- Consolidated total revenue ₹205.46 crore, up 40.25% (FY25: ₹146.50 crore)
- Revenue from operations up 41.24% to ₹202.70 crore
- Profit after tax up 49.54% to ₹45.24 crore
- Profit attributable to shareholders up 56.54% to ₹40.70 crore
- Net worth up 72.52% to ₹212.25 crore; total assets up 85.34% to ₹264.26 crore
- Cash and bank balances up 144.39% to ₹28.57 crore; EPS grew 37.4%
Venue pipeline
The development pipeline spans nearly 1,25,000 square metres across Pune, Mohali, Greater Noida, Indore, Nashik, Ayodhya and Delhi-NCR, described as roughly 25% of India's operational indoor exhibition capacity. The company targets completion of over 60,000 sqm within FY2026-27.
Key projects named
- Messe Global Convention Centre, Pune — 7.5-acre joint-venture flagship, fully operational
- Messe Global Arena, Kharadi — 2-acre asset, 5,000-capacity indoor arena and 6,000-capacity outdoor space
- India Expo Centre & Mart, Greater Noida — 24,000 sqm mandate, Phase 1 (~12,000 sqm) complete
- Mohali Convention & Exhibition Centre — 21-acre PPP/BOT with Government of Punjab (Phase 1 ~14 acres, ~₹75 crore investment), executed via a JV with India Exposition Mart in 65:35 shareholding, targeted for completion by late 2027
- Ayodhya — 5-acre parcel acquired for a multipurpose convention venue
- MMLP Indore — ~4-acre centre inside a 255-acre logistics park, developer-funded
- Bharat Mobility Global Expo 2027, Yashobhumi — 30,000 sqm mandate from ACMA Mobility Foundation, delivery by January 2027; the ₹50 crore asset remains with the company with ACMA paying O&M across three editions
Business model
The Chairman described a "Venue-as-a-Service" approach: upfront design-build revenue plus recurring Operations & Maintenance income over the contract life.
Diversification
Subsidiary United Helicharters received its DGCA Air Operator Permit on February 20, 2026 (valid to February 19, 2031) and won the Kedarnath helicopter shuttle contract; an H-125 and an H-130 helicopter were added. UAE subsidiary Green Branch Contracting & Landscaping works with semi-government departments. A strategic agreement with TMP Group S.p.A., Italy, opens a European pathway. Other initiatives include Pinewoods Golf Club operations, TradeFairTimes publication, an exclusive Partnership Charter with ICICI Lombard for exhibition risk cover, and Exhibition Gear, a rental technology platform.
Capital and listing
The Board approved a preferential warrant issue of ~₹23.95 crore to the promoter, taking promoter holding to ~50.99% post-issue. Migration of listing from the BSE SME platform to the Main Board of BSE and NSE has been initiated, subject to SEBI approval. Billimoria Mehta & Company was appointed statutory auditor for five years and JHS & Associates LLP as internal auditors.
Operating scale
The company executed 38+ major exhibitions in the year, serving over 1.5 million B2B visitors and 9,000+ exhibitors.
How investors may read it
The address presents a year of strong reported growth alongside a shift from an asset-light events business to owned and operated venue infrastructure. Investors typically track whether the stated pipeline targets, the Main Board migration and the promoter warrant issue progress as described.
Also from Exhicon Events Media Solutions
Subsidiary enters Aircraft Sale and Purchase Agreement to acquire one Bell 206 L4 helicopter
14 Oct 2026
JV Agreement with India Exposition Mart for Mohali Convention & Exhibition Centre
24 Sep 2026
More numbers
- Consolidated total revenue FY26₹205.46 crore
- Revenue growth YoY40.25%
- Total revenue FY25₹146.50 crore
- Revenue from operations₹202.70 crore
- Profit after tax₹45.24 crore
- PAT growth49.54%
- Profit attributable to shareholders₹40.70 crore
- Consolidated net worth₹212.25 crore
- Total assets₹264.26 crore
- Cash and bank balances₹28.57 crore
- Preferential warrant issue to promoter~₹23.95 crore
- Promoter holding post-issue~50.99%
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