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Stock Report
Exhicon Global Development Ltd inks MoU with NIMA
Posted On : 2025-10-31 13:00:44( TIMEZONE : IST )
Exhicon Events Media Solutions Limited, through its wholly owned subsidiary Exhicon Global Development Private Limited, has executed a Memorandum of Understanding (MoU) with Nashik Industries & Manufacturers Association (NIMA) on October 29, 2025.
The said MoU outlines a framework for mutual cooperation between the parties towards the facilitation, coordination, and planning of an International Exhibition and Convention Centre at Nashik, Maharashtra (proposed as Nashik International Exhibition & Convention Centre - NIECC).
Key Terms of the MoU:
1. Roles and Responsibilities:
- Exhicon, through its infrastructure arm, shall lead the conceptualization, design, and technical development of the proposed project, provide expertise in venue infrastructure and management, and mobilize financial and institutional resources for the same.
- NIMA, as the apex industrial body of Nashik, shall facilitate land allotment, local coordination, liaise with regional authorities, industries, and stakeholders, and serve as the local nodal partner for government and community interface.
2. Governance and Promotion:
- Both parties shall jointly constitute a Joint Steering Committee (JSC) to review milestones and guide implementation.
- The project shall be branded as "Nashik International Exhibition & Convention Centre (NIECC).
This MoU represents a strategic step by both organizations to support exhibition and event infrastructure development, trade facilitation, and economic growth in the Nashik region through collaboration and shared expertise.
Shares of Exhicon Events Media Solutions Limited was last trading in BSE at Rs. 457.65 as compared to the previous close of Rs. 441.85. The total number of shares traded during the day was 76500 in over 53 trades.
The stock hit an intraday high of Rs. 491.00 and intraday low of 454.00. The net turnover during the day was Rs. 35216825.00.
