Exhicon Events Media Solutions has received a monitoring report confirming the proper utilization of funds from its preferential issue of warrants.

The company aimed to raise Rs. 107.42 crore through this issue, and has so far received Rs. 30.68 crore.

Of these funds, Rs. 21.83 crore has been utilized for stated growth objectives and general corporate purposes, with no deviation from the approved plans.

A total of Rs. 8.85 crore remains unutilized from this issue, with Rs. 5.00 crore currently held in fixed deposits and Rs. 0.02 crore in a current account.