Eventions Limited

This section provides an overview of the global economic outlook, detailing projections for growth, inflation, and trade dynamics across various regions. It also outlines the Indian economic overview, highlighting the government's policy framework for 2026-27, which focuses on stability, resilience, and inclusive growth through fiscal prudence and targeted interventions. The text further discusses recent economic activity indicators, including manufacturing expansion, services robustness, and developments in the labor market and trade policies.

The text discusses the growth potential of the Indian MICE industry, noting that while established nations' MICE markets have stabilized, the Asia-Pacific region shows tremendous growth. The Ministry of Tourism formulated a National Strategy for the MICE Industry with goals to increase India's share in the MICE business and enhance its ICCA ranking. The text also details the importance of the event management industry, its contribution to employment, and the growing demand for organized events. Furthermore, it outlines various drivers for the event management industry, including commercial events, modern business strategies, growing affluence, and technology innovation. The text also covers advantages of developing the MICE industry, such as economic benefits and the ability to offset low seasons for tourism.

The text outlines the strategic direction for the MICE industry, which includes positioning the city as a premier destination and stimulating the local economy through various events. It details the functions of the City MICE Promotion Bureau, which involves attracting events, facilitating organization, identifying business opportunities, and working with stakeholders. Central and State Governments have enabling roles, with Central Government focusing on overseas promotion and infrastructure, while State Governments handle local connectivity and civic infrastructure. Furthermore, the text discusses the need for MICE Promotion Bureaus to collaborate with the private sector to fill infrastructure gaps and provide service information to organizers. It also lists prioritized cities for MICE development in phased manner and discusses various aspects related to MICE infrastructure financing and public-private partnerships.

The company provides services for planning, coordination, and execution of corporate events, promotional activities, and travel-related programs on a project-specific basis. Services are categorized into MICE (Meetings, Incentives, Conferences, and Exhibitions), general events, Free Independent Travel (FIT), and brand/marketing activations. The company's revenue is heavily reliant on the MICE segment, which consistently contributes a significant portion of total revenue. The company has received industry recognition for its operations in the event management and MICE sector. Furthermore, the company has transitioned some travel services to a subsidiary to pursue the business-to-consumer segment.

The company provides event management services across various segments, including Meetings, Incentives, Conferences, and Exhibitions (MICE), corporate events, and brand activations. The business involves a structured process from client enquiry to final invoicing, encompassing proposal preparation, vendor coordination, and on-site execution. The company operates with an asset-light model, relying on a network of hospitality partners and service providers rather than owning significant infrastructure. They have capabilities for end-to-end event management, including planning, coordination, and execution across domestic and international locations. Furthermore, the company has a history of repeat engagements from corporate clients for periodic events.

The company intends to expand its programs across domestic and international destinations by leveraging its experience in coordinating destination-based events, vendor networks, and operational capabilities in travel and event logistics. The company focuses on strengthening relationships with existing clients by ensuring consistent execution standards and expanding the scope of services across MICE programs, corporate events, and travel-related services. Furthermore, the company plans to invest in its subsidiary, Gantu Online Private Limited, which operates in the travel services segment and aims to enhance its platform for customized travel planning and booking solutions, including Free Independent Travel (FIT) services. The company also intends to strengthen its network of vendors and destination partners to ensure efficient execution across various assignments.

This section details various aspects related to the company's operational framework, including the registration of a trade mark and the insurance policies held by the company. It also outlines the legal framework governing the business, mentioning various central and state legislations such as the I.T. Act, GST, Labour laws, contractual laws, and intellectual property laws. Furthermore, it lists specific acts like the MSME Act, the Kolkata Municipal Corporation Act, and the Karnataka Municipal Corporations Act, which regulate different aspects of business operations and trade licensing.

This section primarily details various Indian tax and labour laws that may apply to the company's operations, including provisions under the Income Tax Act, Goods and Services Tax Act, and various State-specific tax laws for different states like Maharashtra, Kerala, and Karnataka. It also covers regulations concerning professional tax, municipal laws, and employment standards, including provisions related to sexual harassment, child labour, and various shop and establishment regulations across different states. Furthermore, the text discusses modern labour codes such as the Code on Wages, the Occupational Safety, Health and Working Conditions Code, the Industrial Relations Code, and the Social Security Code, which aim to consolidate and modernize laws across various sectors.

This section primarily details various Indian laws and regulations that are applicable to the company's operations, covering aspects such as social security, intellectual property, foreign investment, and general corporate laws. It lists numerous acts like the Companies Act, Contract Act, Negotiable Instruments Act, and Consumer Protection Act, which govern different facets of business transactions and liabilities. Furthermore, it discusses regulations concerning digital data protection, electronic records, and various laws related to the transfer of property and commercial disputes.

This section primarily details various corporate and legal aspects of the company, including provisions related to borrowing money and security, amendments to the Memorandum of Association, key events and milestones, awards, and disclosures regarding subsidiaries and agreements. The company has not made recent material acquisitions or divestments, and it has no strategic or financial partners. Furthermore, it clarifies that there are no material agreements entered into outside the ordinary course of business, and no findings or observations have arisen from regulatory inspections.

The definitions section identifies the company as Eventions Limited, a public limited company incorporated under the Companies Act, 2013. The registered office is located in Gurgaon, Haryana, India. Key personnel such as the Chief Executive Officer is Mr. Ravi Rajak and the Chief Financial Officer is Mr. Cristoo Arora. The Statutory Auditors are M/s Sanjeev Sharma & Associates, Chartered Accountants. The promoter(s) include Mr. Cristoo Arora, Mr. Ravi Rajak, and Mrs. Kirat Ahluwalia.

This section details various definitions related to the process of collecting and distributing the issue. It defines terms such as Collecting Depository Participants, Registrar to an Issue and share transfer agents, and the nature of the bid process concerning the Cut-off Price. It also specifies the parties involved in the issue, including the Lead Managers and Market Makers, and the various investor categories such as QIBs and Individual Investors. Furthermore, it outlines the documentation and payment methods related to the issue, including the issuance of a Draft Red Herring Prospectus and the use of various electronic transfer systems.

This section primarily lists various legal and technical terms, abbreviations, and regulatory circulars relevant to the issuance process. It details several SEBI circulars and notices issued by various bodies, including the NSE and BSE, which are referenced for context. It also defines terms related to UPI mechanisms, various financial instruments, and industry-specific acronyms.

This section primarily lists various acronyms and terms used within the Draft Red Herring Prospectus (DRHP) without providing specific facts about the issuer or the issue itself. It defines terms related to corporate bodies, financial metrics, legal acts, and various transaction/identification standards.

The section provides details regarding the company's incorporation history, including its conversion from a private to a public limited company. It outlines key details about the bid/issue programme, specifying the opening and closing dates for the issue. Furthermore, it details various intermediaries involved in the process, such as Book Running Lead Managers, registrars, legal counsel, and banker.

The section details various regulatory consents, the appointment of a monitoring agency, and the process for filing the Red Herring Prospectus. It clarifies that certain consents have not been withdrawn and specifies that the issue is equity-based, thus exempting the requirement for appointing trustees. Furthermore, it outlines disclosure requirements regarding the net proceeds and material deviations, and confirms that no Green Shoe Option is applicable. The filing process involves submission to NSE, and the prospectus will be made available on various platforms. The book-building process involves the company and the Book Running Lead Manager in determining the price band.

The company entered into a Market Making Agreement with Aftertrade Broking Private Limited, which is designated as the Market Maker. This agreement outlines various obligations for the Market Maker, including providing 2-way quotes for 75% of the trading time and adhering to specific spread requirements. Key details cover minimum contract sizes, minimum quote depth, and conditions related to the market maker's inventory level. Furthermore, the agreement details how price bands are determined based on the issue size and how the market maker's presence and performance are monitored by the Stock Exchange.

The company's capital structure details the authorized, issued, and subscribed share capital, including various provisions for future issues. The company currently has only one class of equity shares with a face value of INR 10 each, and no outstanding convertible instruments or preference share capital as of the DRHP date. The section also details the history of share allotments, including initial subscriptions, bonus issues, and right issues, which show changes in the cumulative paid-up capital. Furthermore, the section discloses the shareholding of the promoters, who collectively hold approximately 99.39% of the issued, subscribed, and paid-up equity share capital.

The section details various capital structure events, including right issues, bonus issues, and private placements over different dates. It also outlines the shareholding pattern as per Regulation 31 of the SEBI (LODR) Regulations, 2015, as of the Red Herring Prospectus date. Furthermore, it confirms that all promoter equity shares were fully paid-up on the respective dates and that no equity shares held by promoters were under pledge. The text also specifies restrictions on future capital issuance and the status of convertible instruments.

The section details the promoter and promoter group's shareholding, the absence of recent share transactions, and provisions related to promoter contributions and lock-in periods for equity shares. It specifies that the Promoters and Promoter Group hold 99.96% of the pre-issue paid-up share capital as of the date of the Red Herring Prospectus. Furthermore, it outlines various regulations concerning the financing, transferability, and pledge of equity shares, including specific lock-in periods for promoter contributions.

The company intends to raise funds through a fresh issue up to 32,30,400 Equity Shares at a specified issue price. The proceeds are earmarked for several purposes, including debt repayment, investment in a subsidiary, funding working capital needs, and general corporate purposes. The utilization of funds is based on internal management estimates, and the company clarifies that the entire fund requirement is to be financed from the issue proceeds. The utilization plan includes specific amounts for debt servicing and working capital requirements.

The company intends to utilize INR 140.00 lakhs from the net proceeds to invest in its subsidiary, Gantu Online Private Limited, primarily through debt financing. This investment is aimed at strengthening the subsidiary's technology-driven travel and experiential platform. The proposed funds are earmarked for various technology enhancements, including backend engineering, mobile application development, quality assurance, cloud infrastructure, and AI tool integration. Furthermore, the company plans to allocate INR 1880.00 lakhs from the net proceeds to meet its working capital requirements, which are expected to increase due to anticipated business growth.

The section details the assumptions underlying the working capital projections, covering various current assets and liabilities over projected periods. These include assumptions on trade receivables, short-term loans and advances, other current assets, trade payables, short-term provisions, and other current liabilities. Furthermore, the section outlines the flexibility of management in utilizing proceeds for general corporate purposes, subject to certain limits, and details the estimated issue-related expenses.

The company is required to disclose the uses and application of net proceeds to the Audit Committee on a half-yearly basis, and to furnish statements on material deviations to the Stock Exchange. The company is restricted from varying the objects of the Issue without shareholder authorization via a special resolution. Furthermore, no part of the issue proceeds will be paid to promoters or promoter groups except in the normal course of business and compliance with applicable law.

The provided text primarily details various financial performance indicators and historical comparisons of key performance metrics against industry peers. It lists indicators such as PAT margin, RoE, EPS, and various financial ratios, which are used to assess the company's profitability and efficiency. Furthermore, the text includes sections related to the weighted average cost of acquisition for primary and secondary transactions, along with a statement regarding possible tax benefits for the company and its shareholders in the context of an initial public offering.

This section primarily details the special tax benefits available to the company and its shareholders under both Direct and Indirect Taxation laws. Regarding Direct Taxation, the company has opted for Section 115BAA for the assessment years 2024-25, 2025-26, and 2026-27. Furthermore, the company does not have any investment, rendering certain provisions of Section 80M of the Income-tax Act inapplicable. In terms of Indirect Taxation, there are no special tax benefits available to the company or its shareholders under the GST law.

This section primarily outlines conventions regarding the use of financial information, currency presentation, and the basis for the financial data provided in the Draft Red Herring Prospectus. It specifies that all figures are in Rupees and Lakhs, and clarifies rounding conventions for decimals and percentages. The financial data is derived from restated financial statements prepared under Indian GAAP, Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. The document also details exchange rates for various dates and includes a section on forward-looking statements, which are subject to various risks and uncertainties.

Investors should be aware of several material risks associated with the company's operations and business model. Key risks include high customer concentration, which exposes the company to revenue volatility if key customers reduce or discontinue their business. Furthermore, the company's profitability levels, which have increased significantly, are not guaranteed to be sustainable due to factors like the nature of the event mix and pricing pressures. There are also risks related to the investment in a new subsidiary and potential conflicts of interest arising from related party transactions with promoter group entities.

The prospectus highlights several risks related to related party transactions, the company's history of non-compliance with statutory provisions, and potential future regulatory issues. There are concerns about the potential adverse effect of such transactions on the company's financial condition. Furthermore, the company has faced delays in filing various statutory forms with the Registrar of Companies (RoC), which may attract penalties. The prospectus also details past qualifications by statutory auditors concerning accounting and compliance issues, including non-compliance with PF/ESI laws, GST registration cancellation, and issues with recognizing foreign exchange fluctuations. Finally, there are concerns regarding the realization of unbilled revenue and the potential for negative cash flows due to mismatches between cash outflows and inflows.

The company faces several risks related to client relationships, operational execution, regulatory compliance, and financial stability. Risks include dependency on short-term purchase orders, potential issues with obtaining necessary statutory approvals, delays in paying statutory dues, and concentration of revenue in certain geographical regions. Furthermore, the reliance on third-party vendors and IT systems exposes the company to execution failures, cyber threats, and potential contractual disputes. There are also concerns regarding the ownership and enforcement of the company's trademark and the potential for delays in these legal processes.

The risk factors outlined in this section cover several areas, including reputational damage from incidents, uncertainty regarding leased office premises, business seasonality, and dependence on client satisfaction. The company operates in a competitive industry where service quality is paramount, and reliance on third-party vendors introduces execution risks. Furthermore, the business is sensitive to macroeconomic conditions, geopolitical tensions, and the potential for disruptions to affect revenue. Finally, there are significant risks related to data security due to the handling of confidential client and operational information.

The prospectus highlights several risks related to data security, pricing, ownership structure, operational dependencies, and financial exposure. Risks include potential data breaches, issues with the price of equity shares, the control exerted by promoters, reliance on key personnel, dependence on third-party service providers for logistics, exposure to foreign exchange fluctuations, potential losses in a subsidiary, and risks associated with financing and market data. Furthermore, there are concerns about conflicts of interest, the reliability of industry data, and the potential for issues with internal controls and access to external financing.

The risk factors outlined in this section cover several areas concerning internal controls, governance, employee conduct, financing, and marketability. Risks include potential failures in internal control systems, the inexperience of the Board in addressing regulatory requirements, and the risk of employee misconduct. Furthermore, there are concerns regarding the utilization of net proceeds, the uncertainty of future dividend payments, the volatility of the equity share market, and potential constraints on raising foreign capital due to exchange controls. Finally, the company faces risks related to the listing process, differences in accounting standards, and potential adverse impacts from economic slowdowns or political instability.

The provided text details the authorization of an Issue by the Board and Shareholders, referencing specific sections of the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. It outlines various components of the public issue, including different investor categories such as Market Maker Reservation, QIB, Non-Institutional, and Individual Investor Portions. Furthermore, it specifies the allocation rules for these portions, including reservations for different application sizes and the proportionate allocation of the net issue to various investor categories.

The company reported having no contingent liabilities or capital commitments for the financial years ended March 31, 2026, 2025, and 2024. The section also details various related party transactions involving directors and other entities, including remuneration, loans received, and repayments across different financial periods.

The section outlines the absence of outstanding criminal proceedings, statutory or regulatory actions, direct or indirect tax liabilities, or material proceedings involving the Company, its Directors, Promoters, or Subsidiaries, except as specified. It details a consumer complaint filed against the Company, Holiday Tram, Vietjet Air, and Bird Travels Pvt. Ltd. concerning travel arrangements, and the claim sought recovery of principal amounts, interest, and compensation for damages. Furthermore, the section lists various outstanding tax proceedings, including demands for default of TDS and scrutiny notices related to GST non-filing.

The section details several past and pending litigation matters, primarily related to Goods and Services Tax (GST) proceedings in Haryana and Delhi. There are several instances where scrutiny notices and show cause notices were issued, leading to proposed demands, some of which have been confirmed by orders, and some of which are currently under appeal. Furthermore, the section outlines various approvals obtained by the company for the issue, including corporate approvals, stock exchange in-principle approval, agreements with depository services, and a Lender's No Objection Certificate (NOC).

The provided section details various certificates and registrations related to Goods and Services Tax across several Indian states, including Delhi, Goa, Haryana, Karnataka, Kerala, Maharashtra, Rajasthan, Tamil Nadu, Telangana, and Uttarakhand. It also lists various professional tax enrollments and business operational approvals. These include certificates for GST registration, professional tax, and various licenses under different acts, with specified dates for issuance and expiry.

The section details various registrations and certificates held by the company, primarily related to Shops and Establishments across different Indian states, including Karnataka, West Bengal, and Punjab. It also mentions a Labour Identification Number certification. Furthermore, it discloses an assignment deed for a trade mark and lists several applications for professional tax, new trade licenses, and shop and establishment registrations that have been applied for but not yet received.

The section details various authorizations and confirmations related to the issuance of equity shares, including resolutions passed by the Board and shareholders. It confirms that the company has received in-principle approval from NSE for using its name in the DRHP for listing on the Emerge Platform. Furthermore, it outlines several compliance confirmations regarding the company's status, eligibility for the issue under SEBI (ICDR) Regulations, and agreements made with the Book Running Lead Manager for the issuance process.

The section primarily addresses compliance with various regulations, including those of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company confirms that intermediaries are registered with the Board and that certain provisions related to promoter contributions and securities have been complied with. It also details undertakings regarding the issuance of dematerialized shares and the process of due diligence. Furthermore, it includes disclaimers concerning the listing on the NSE Emerge platform and various regulatory filings procedures.

The section details various consents required for the Red Herring Prospectus, including those from various company officials and auditors, which must be filed with the Registrar of Companies (RoC). It also mentions agreements with Statutory Auditors to provide consent for reports on tax benefits and restated financial statements. Furthermore, the text outlines the legal framework governing the issue, including adherence to various Acts and Regulations, and specifies the mandatory application process through the ASBA mechanism or the UPI mechanism as per SEBI circulars. The section also covers the authority for the issue, which was granted by a Board resolution and a Special Resolution from the shareholders.

This section details various aspects related to the issuance process, including the determination of price bands, the required compliance with SEBI (ICDR) Regulations, and the rights of equity shareholders. It specifies minimum application sizes and trading lot sizes, mandates the use of dematerialized equity shares, and outlines procedures for allotment, including timelines and handling of bid revisions. Furthermore, it covers jurisdiction and provisions related to joint holders and nomination facilities for equity shares.

This section details various provisions related to the issue, including conditions for subscription, refund procedures, and requirements under SEBI regulations. It outlines penalties for failure to subscribe to the issue within specified timeframes and sets minimum requirements for prospective allottees. Furthermore, it specifies rules regarding the listing of securities and the market-making arrangements for the shares.

This section details various procedural aspects related to the issuance of equity shares, including the mode of application, bid size limits, and allocation provisions under the SEBI (ICDR) Regulations. It outlines rules for allocating shares to Anchor Investors, including provisions for domestic Mutual Funds and insurance/pension funds, with changes effective from December 1, 2025. Furthermore, it specifies the percentage of post-issue paid-up equity share capital that must be allocated to certain investor categories. The text also covers rules regarding the handling of bids, the process for withdrawing an issue, and various timelines for listing shares on the stock exchange.

This section details various regulatory frameworks and procedures related to the public issue, including the implementation of the UPI mechanism across different phases. It outlines requirements for investor grievances, the role of sponsor banks, and the process for collecting and releasing processing fees. Furthermore, it specifies which entities are eligible to receive applications and the requirements for providing necessary bidder details, such as UPI IDs, in the application forms.

This section details the procedures for applications submitted by investors to intermediaries, particularly concerning the use of UPI for payments. It outlines the flow of application details, the role of sponsor banks in initiating fund blocking requests through NPCI, and the acceptance of mandate requests on investors' mobile applications. It also specifies rules regarding the sharing of bid details with sponsor banks and the cut-off time for pending mandate requests. Furthermore, the text discusses the audit trail maintained by NPCI for bids and the liability for failed transactions, as well as the ability to modify certain bid details and the authorization granted to the company by bidders upon submission.

This section details various procedural requirements and restrictions concerning the bidding process for the issue, including rules for filing prospectuses, handling of bid forms, and eligibility criteria for different investor categories. It outlines specific rules for Anchor Investors, Qualified Institutional Buyers (QIBs), Eligible NRIs, Foreign Portfolio Investors (FPIs), and various other investor groups. Furthermore, it specifies documentation requirements for bids from certain entities like Mutual Funds and Systemically Important Non-Banking Financial Companies.

This section details various requirements and restrictions concerning bids and applications for the issue, depending on the type of bidder. It outlines specific documentation needed from different entities such as insurance companies, FIIs, mutual funds, provident funds, and banking companies. Furthermore, it specifies procedures for Application Supported by Blocked Amount (ASBA) and the handling of applications by various intermediaries and syndicate banks. It also covers rules for allotment, payment mechanisms, and the use of electronic registration facilities.

This section details various procedural and compliance requirements related to the bidding and allotment process for the issue. It outlines verification procedures for DP ID, Client ID, and PAN, the process for confirming blocked funds, and rules regarding bid modifications and withdrawal. Furthermore, it specifies rules for allocation, including spillover provisions for under-subscription, and various instructions for bidders concerning the submission of forms, payment methods, and ensuring correct details are provided.

This section outlines extensive rules and prohibitions concerning various aspects of the equity share bidding and allotment process. It details numerous criteria for bid rejection, including mismatches in financial amounts, identity documentation, bid pricing violations, and procedural failures. Furthermore, it specifies rules regarding the eligibility of bidders, the handling of various investor categories (Individual, Non-Institutional, QIB, Anchor), and the procedures for allocating shares, such as using draw of lots or proportionate allotment based on oversubscription levels.

This section details various procedural requirements and undertakings related to the issuance and allotment of equity shares, including responsibilities of various parties and timelines for completing the process. It outlines procedures for allotment advice, the handling of applications, communication protocols, and the company's commitments regarding the utilization of issue proceeds. Furthermore, it specifies conditions under which applications may be rejected and the company's obligations concerning delays or non-listing scenarios.

This section outlines various restrictions and guidelines concerning foreign investment in Indian securities, primarily governed by the Industrial Policy, 1991, and FEMA regulations. It details limits on foreign investment, including provisions related to multi-brand retail trading and inventory-based e-commerce. Furthermore, it specifies restrictions on non-resident participation in the issue of securities, including limits on individual and aggregate holdings of Foreign Portfolio Investors (FPIs). The text also discusses the consolidation and supersession of previous FDI policies by the DPIIT and the ongoing updates by the government.

This section primarily details various definitions, provisions related to the interpretation of the Articles, and the powers concerning share capital and rights. It outlines how various terms are to be construed, the power of the Board to allot and issue shares, and the conditions under which shares can be classified or increased. Furthermore, it covers procedures for the issue of further share capital, including requirements for offers and the disposal of shares, as well as provisions related to the lien of the company on shares and the process for calling for and recovering unpaid amounts.

This section details various provisions related to shareholder rights, transfers, and the handling of securities, including provisions concerning calls, the transfer of shares, and the dematerialization of securities. It outlines procedures for recording transfers, the requirement for certain forms of transfer, and the Board's power to manage the closure of transfer books. Furthermore, the text covers rules for dealing with the death, insolvency, or lunacy of shareholders and the recognition of their legal representatives as shareholders. A significant part of the section addresses the dematerialization of securities through Depositories, including the rights and obligations of Depositories and Beneficial Owners.

This section details various provisions related to share forfeiture, the power of the Board to annul such forfeitures, and the procedures for the sale or disposal of forfeited shares. It also outlines the Company's power to alter its share capital, including increasing, consolidating, dividing, converting, or cancelling shares. Furthermore, the text covers the power to reduce capital, the power to purchase the Company's own securities through buy-back arrangements, and the ability to modify rights attached to different classes of shares. The section also discusses the maintenance of statutory registers, inspection rights for members, and the issuance and dematerialization of share certificates.

This section details various procedural and governance aspects related to the company's operations, including resolutions for capitalizing profits and the issue of shares. It outlines the Board's powers regarding appropriations, the issuance of fully paid shares, and the handling of securities premiums and capital redemption reserves. Furthermore, the text covers requirements for Annual General Meetings, including notice periods, venue stipulations, and the rights of shareholders and auditors to attend. It also discusses provisions for Extraordinary General Meetings, including requisitions from shareholders, and rules concerning the quorum and conduct of meetings.

This section outlines various provisions related to the appointment, removal, and duties of directors, including provisions for Debenture Directors, Independent Directors, and Nominee Directors. It details conditions under which Nominee Directors' appointments may cease, such as the repayment of money owed by the company or the corporation's holding of debentures. Furthermore, the text discusses the power of Directors to agree on terms for contracts with various entities and the rights of such appointed directors regarding remuneration and the ability to be removed by the appointer.

This section details various powers and provisions related to the Company's operations, including its capacity to act in insolvency matters, provide for personal liabilities of directors or others, and manage various financial aspects. It outlines the Board's authority to delegate powers to officers or committees, and the requirements for passing resolutions through circulation. Furthermore, the text covers the maintenance of minutes, the appointment of a Secretary, the power to provide and substitute the Company Seal, and the procedures for serving documents and notices on shareholders.

This section primarily outlines various provisions related to winding up the company, indemnity for officers, signing of instruments, and the power to amend the Memorandum and Articles of Association. It also details restrictions on shareholder inspection of company works and duties of officers regarding secrecy. Furthermore, it lists numerous material contracts and documents, including agreements with various financial intermediaries and reports, which are subject to inspection by the Registrar of Companies (RoC) during the filing period.

The company's promoters are Mr. Cristoo Arora, Mr. Ravi Rajak, and Mrs. Kirat Ahluwalia. Together, they hold 99.39% of the pre-issue equity share capital. Mr. Cristoo Arora is the Whole Time Director and CFO, while Mr. Ravi Rajak is the Whole Time Director and CEO. Mrs. Kirat Ahluwalia is the Non-Executive Director. The promoters have interests in a Promoter Group entity, Eventions (Proprietorship), with which a non-compete agreement has been entered into. The document confirms that no material regulatory or disciplinary actions have been taken against the promoters in the past year, nor have there been defaults in payments to debenture/bond/fixed deposit holders in the past three years.

The company's Board consists of two Executive Directors and three Non-Executive Directors, including two Independent Directors and one female director. The board composition details include the names, designations, and qualifications of the directors. Key personnel include Mr. Cristoo Arora, the CFO, and Mr. Ravi Rajak, the CEO, who have significant experience in the MICE and event management industry. The section also details the directorships held by the board members and clarifies various compliance and relationship stipulations regarding the directors.

The document details the shareholding of the company's directors, noting that Mr. Cristoo Arora and Mr. Ravi Rajak are the director-promoters and MOA subscribers. It outlines various provisions regarding the interest of directors in the company, including fees, remuneration, and consideration received. Furthermore, it specifies that directors have no interest in property acquired by the company within the preceding two years or in proposed acquisitions. The document also covers service contracts, stating that no directors have entered into such contracts with the company except in their individual capacity as directors, and clarifies that no benefits are granted upon their termination. Finally, it details the structure and powers of the Audit Committee, which is responsible for overseeing financial reporting, auditor appointments, and internal controls.

The text details the composition and terms of reference for several key committees formed by the Board of Directors, including the Audit Committee, the Nomination and Remuneration Committee, the Stakeholders’ Relationship Committee, and the Initial Public Offer Committee. It outlines specific functions and responsibilities for each committee, such as reviewing financial information, determining director qualifications, handling shareholder grievances, and managing the process for an Initial Public Offering.

The company states that the provisions of the SEBI (Listing Obligation and Disclosures) Regulations, 2015 will apply immediately upon the listing of its equity shares on the NSE Emerge Platform. The company is managed by its Board of Directors, supported by qualified professionals who are permanent employees. Key managerial personnel include the CEO, CFO, and Company Secretary/Compliance Officer, with details on their appointments, qualifications, and experience provided. The document clarifies that no agreements were made with major shareholders, customers, suppliers, or others concerning the selection of these personnel. Furthermore, it is disclosed that no bonus or profit-sharing plans exist for key managerial personnel, and no contingent or deferred compensation is payable to them.

The section discusses the policy regarding dividend payments, stating that the company does not have a formal dividend policy for Equity Shares. Dividend payout decisions will be determined by the Board after considering various internal factors such as profits, capital requirements, business expansion, and external factors like economic outlook and lender covenants. Furthermore, the company has not declared any dividends on Equity Shares in the last three financial years, and past dividend actions should not be considered indicative of future payments. The text also references risks related to the company's ability to pay dividends, which depend on future earnings, cash flows, and financing arrangements.

This section details the financial statements and related reports, including various restated statements and cash flow information. It outlines the scope of the reports, the responsibilities of the auditors, and the financial figures for the company. The financial data presented covers different reporting dates, showing trends in revenue, expenses, profit, and cash flows.

The provided text details various accounting policies and adjustments made in the financial statements of Eventions Limited, including revenue recognition, investment classification, tax treatments, and accounting standards compliance. It specifies how revenue from services, interest, and claims is recognized, the treatment of financial instruments, and the application of estimates in financial reporting. Furthermore, the text outlines changes in accounting policies, such as the shift in gratuity accounting from a cash basis to an actuarial valuation basis, and the treatment of various liabilities and assets.

The provided text details various aspects of the company's share capital, financial statements, and liabilities as of different dates. It includes information on the issuance of various share types, such as rights issues and bonus issues, and details regarding the shareholding of promoters. Furthermore, the text outlines provisions for employee benefits, various types of borrowings, trade payables, and other current liabilities. There is also mention of cash credit arrangements secured by director guarantees and collateral.

This section primarily details various financial and operational aspects of the company, including the movement of Property, Plant and Equipment over different fiscal years. It also provides information on non-current investments, long-term loans, trade receivables, cash and bank balances, and revenue from operations. Furthermore, the text outlines details regarding costs such as services, employee benefit expenses, finance costs, and the recognition of gratuity expenses.

This section details various financial notes related to Eventions Limited, including statements of other expenses, earnings per share calculations, net worth, EBITDA, and various provisions concerning employee benefits and related party transactions. It provides historical data for financial metrics such as profit after tax, weighted average equity shares, and net assets, alongside disclosures on insurance, legal fees, and provisions for gratuity and leave encashment liabilities.

The provided text primarily details various financial and regulatory notes related to Eventions Limited, including segment reporting, contingent liabilities, and compliance with various legal and accounting standards. It includes tables presenting financial ratios, tax details, and statements of profit and loss, alongside notes on accounting policy changes, CSR expenditure, and lease rentals. Furthermore, the text mentions the compilation of proforma financial information for an independent auditor's assurance engagement, which involved adjusting financial statements to reflect an investment made by the company.

The management is responsible for compiling the Proforma Consolidated Financial Information, which includes making adjustments as detailed in the notes. This responsibility encompasses designing, implementing, and maintaining internal controls to ensure the information is free from material misstatement, whether due to fraud or error. Furthermore, management is tasked with identifying and ensuring compliance with all applicable laws and regulations relevant to the compilation of this financial information. The Proforma Consolidated Financial Information was approved by the Board of Directors of the holding company on September 19, 2026, for inclusion in the Draft Red Herring Prospectus.

The section discusses the preparation of proforma consolidated financial information for the year ending March 31, 2026, by consolidating the financials of Gantu Online Private Limited and Eventions Limited. The adjustments made involved eliminating intra-company transactions and considering the impact of a recent acquisition. The document cautions that this proforma information is not prepared in accordance with generally accepted accounting principles and should be used with limited reliance by investors. Furthermore, the information is noted as not being a complete set of financial statements and may not be comparable for other purposes.

The provided text discusses the nature of the Unaudited Proforma Consolidated Financial Information, clarifying that it represents a hypothetical situation and not actual financial results. It details the adjustments made based on a 70% acquisition, including the consolidation of financial information from both Eventions Limited and Gantu Online Private Limited. The text also specifies that the information is not prepared in accordance with generally accepted accounting principles and should be treated with limited reliance by investors. Furthermore, it identifies a minority interest of 30% in the equity, reserves, and profits for the periods ended March 31, 2026.

This section details various financial particulars, including performance metrics and information regarding borrowings. It presents data on the performance of Gantu Online Private Limited as of March 31, 2026, along with various financial ratios and a breakdown of borrowings. The document also certifies details related to loans from different lenders, including the type of loan, amount, interest rates, tenure, security provided, and the purpose of the loan.

This section provides management's perspective on the company's financial condition and operational results for the financial years ended March 31, 2026, 2025, and 2024. The discussion includes forward-looking statements, which are subject to various risks and uncertainties outlined in the 'Risk Factors' section. The company operates in the MICE and Event Management segment, providing services for planning, coordination, and execution of corporate events. The company utilizes an asset-light execution model by coordinating with various service providers for event delivery.

The provided text details various financial metrics for the company, including revenue, income, expenditures, and tax provisions across different fiscal years. Revenue from operations showed an increase, primarily driven by the MICE segment. Other income also saw a significant rise, largely due to increased commission income. Costs for services consumed increased in line with revenue growth, while employee benefit expenses decreased due to reductions in salaries and bonuses. Finance costs rose significantly, correlating with an increase in borrowings.

This section details various financial movements and expense breakdowns for the company across different fiscal years. Depreciation and Amortization Expenses showed a decrease, primarily due to lower additions to property, plant, and equipment. Other Expenses increased significantly, driven by higher interest on delay of statutory dues and increased legal and professional fees. Tax expense also saw a substantial increase, linked to higher profit before tax, while restated profit after tax showed a strong growth, mainly due to higher revenue and improved margins from a favorable shift in the event mix.

The profitability improvement was primarily driven by a favorable change in the mix of events, specifically an increase in international events and higher average revenue per event. This change resulted in better margins compared to domestic events. The text details various financial flows, including cash used in operating, investing, and financing activities across different financial years. Furthermore, the company confirmed that there were no unusual or infrequent events, no known significant economic changes, or known trends that would materially impact operations.