Bright Outdoor Media Chairman and Managing Director Dr. Yogesh Lakhani was felicitated by Maharashtra Industries Minister Shri Uday Samant at the SME Governance Summit 2026 on August 26, 2026, in Mumbai.

The recognition highlighted Dr. Lakhani’s leadership in building the out-of-home advertising firm into a listed entity. Bright Outdoor Media debuted on the BSE SME platform on March 24, 2023, and is currently undergoing the process for migration to the BSE Main Board.

Event Details

The summit, hosted by MentorMyBoard, gathered over 200 business leaders under the theme "Building Trusted, Scalable & Sustainable Listed SMEs." Key attendees included Pfizer Limited Chairman Mr. Pradip Shah and SEBI Chief General Manager Mr. Deep Mani Shah.

Discussions centered on governance imperatives for promoter-led enterprises transitioning into professionally governed institutions. The event covered four strategic themes: Beyond Listing, Investor Confidence, Governance in Action, and Building for Scale.

Dr. Yogesh Lakhani stated that governance involves building transparency and accountability to support sustainable growth. He emphasized the importance of evolving from an entrepreneur-led business to a trusted institution.

Financial Performance

Bright Outdoor Media operates more than 490 hoardings across strategic geographies, including over 50 digital LED billboards in Mumbai. The company also trades hoardings acquired from government and private entities.

In H2 FY26, the company reported total revenue of ₹92.12 crore against an EBITDA of ₹20.25 crore. Net profit for the half-year stood at ₹13.97 crore with an EPS of ₹12.98.

For the full year FY26, total revenue reached ₹155.43 crore. EBITDA was ₹35.23 crore, while net profit totaled ₹24.05 crore. The EPS for FY26 was ₹12.26.

What the Numbers Show

H2 FY26 contributed significantly to the annual bottom line, accounting for approximately 58% of the total FY26 net profit. This indicates a strong performance in the latter half of the fiscal year compared to the first half.

Bright Outdoor Media Ltd has received shareholder approval to migrate its equity shares from the BSE SME platform to the main board of BSE Limited and to list its shares on the main board of the National Stock Exchange of India. The resolutions were passed via a postal ballot conducted through remote e-voting, which concluded on July 16, 2026. The migration marks a significant step for the company as it transitions to a larger trading platform.

The postal ballot notice dated June 12, 2026, was sent to shareholders for the approval of two agenda items. The voting process was managed by Bigshare Services Pvt Ltd, with the remote e-voting facility open from June 17, 2026, to July 16, 2026. The scrutinizer, CS Nikunj Kanabar & Associates, verified the voting results to ensure compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Migration to Main Board

The special resolution for the migration of listing and trading of equity shares received approval from public shareholders. A total of 211,500 votes were cast in favour of the resolution, representing 100% of the valid votes polled. Promoters and promoter group did not vote on this resolution in accordance with SEBI regulations. The resolution was passed with the requisite majority.

Appointment of Independent Director

Shareholders also approved the appointment of Ms. Kajal A Avalani (DIN: 11765598) as an independent director of the company. This ordinary resolution received 15,466,834 votes in favour, constituting 100% of the total votes polled. The resolution was passed with the requisite majority, with no votes cast against it.

The scrutinizer's report confirmed that both resolutions were passed with the required majority. The voting results were disclosed to the BSE SME Platform on July 17, 2026. The company's management is now responsible for implementing the approved changes, including the formal listing procedures on the main boards of both exchanges.